Export Incentive

Hassle in submission of form to avail the benefit of Interest Equalisation scheme on DGFT portal

Custom Duty - DGFT vide Trade Notice no. 38 dated 15th March, 2022 have asked exporters to provide following information to claim benefit under Interest Equalisation Scheme. 1. Export Order Value in INR and USD. 2. Tenure of Loan (In months) and Amount of Loan. 3. Amount of Interest Reimbursement Equalisation Claimed. 4. ITC (HS) Code and Product [&hel...

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Export Oriented Unit Scheme

Custom Duty - Export Oriented Units Scheme 1981 The Export Oriented Units (EOU) scheme was introduced to boost exports, increase foreign exchange and create employment in India. The EOU scheme is complementary to the scheme for Free Trade Zone, Export Processing Zone. In this article, we look at the Export Oriented Units scheme in detail. Export Orient...

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Production Linked Incentive Scheme For Textiles Sector

Custom Duty - Recently Government of India promulgated Production linked Incentive scheme for various sectors to increase innovation and productivity and support Make in India initiative. In the chain of the said schemes, a new scheme is notified  for Textile sector, vide Notified vide Notification No. 12015/03/2020-IT dated 24.09.2021 and published o...

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RODTEP/ ROSCTL – A Nightmare for Importers and Exporters

Custom Duty - Prevailing rate of RODTEP/ROSCTL is approximately 79%-80% of license value, it is a big cause of concern for exporters, as rate of MEIS before reopening of MEIS window was 96%-97%. This huge difference in price of RODTEP/ROSCTL is eroding profitability of exporters. Besides huge supply of MEIS / RODTEP/ ROSCTL, main reason for reduction i...

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Waiver of Section 234B & 234C interest for delay in deposit of Advance/SA tax

Custom Duty - Waiver of interest u/s 234B and 234C of Income Tax Act on delay in deposit of advance tax/self-assessment (SA) tax on MEIS/RODTEP for the A.Y. 2021-22 1. CHAPTER 3 OF FOREIGN TRADE POLICY,2015-20 Exports of notified goods/products with ITC[HS] code, shall be rewarded under MEIS. Appendix 3B lists the rate(s) of rewards on various notified...

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9 Key schemes/interventions for Export Promotion by Government

Custom Duty - Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventions from time to time. The key schemes/interventions taken are: 1. Market Access Initiative (MAI) Scheme provides assistance to Export Promotion Organizations/Trade Promotion Organizations/National Level Institu...

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Export Promotion Capital Goods (EPCG) FAQs

Custom Duty - EPCG stands for Export Promotion Capital Goods. The objective of this scheme is to facilitate the import of capital goods with the purpose of producing quality goods and services to enhance India’s export competitiveness. EPCG scheme allows import of capital goods for pre-production, production and post-production at zero customs duty....

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Govt released Rs 56,027 crore to clear pending export incentive dues

Custom Duty - Government has released Rs 56,027 crore in order to clear pending export incentive dues to exporters, which is for various Schemes. In certain Schemes, such as MEIS, ROSCTL and ROSL, online applications are largely system approved, whereas for SEIS, TPS, FPS online applications require manual scrutiny and examination of documents. ...

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Government approves continuation of NEIA scheme

Custom Duty - Government has today approved capital infusion of has approved contribution of Grant-in-aid (Corpus) of ₹1,650 Crore to National Export Insurance Account (NEIA) over a period of five years, i.e. from FY 2021-2022 to FY 2025-2026....

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Last Date for filing MEIS / SEIS Application

Custom Duty - Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exports made till December 2020. In the meantime, the Commerce Ministry has issued Notification No. 26/2015-2020 dated 16 September 2021 to notify Last date for submitting applications for scrip based FTP scheme...

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Duty Drawback claim claimable despite availment of ITC

Numinous Impex (I) Pvt. Ltd. Vs Commissioner of Customs (Madras High Court) - Numinous Impex (I) Pvt. Ltd. Vs Commissioner of Customs (Madras High Court) As far as the goods falling under Customs Heading No. 8483-40-00 of the Customs Tariff Act 1975 are concerned, the rate of duty for goods both covered under these two Columns is only at 2%. Thus, there is no variation as far...

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DGFT cannot take away benefits conferred by FTP by way of a circular

Essar Shipping Limited Vs Union of India (Bombay High Court) - Essar Shipping Limited Vs Union of India (Bombay High Court) By instituting this writ petition, petitioner seeks to challenge Policy Circular No. 25 of 2007 dated 1st January, 2008 issued by DGFT, the second respondent. According to the petitioner, in the garb of purported clarification, the DGFT ha...

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MEIS benefit cannot be granted merely on the basis of pleadings which are prima facie insufficient on the face of records

Ashwini Ashish Dighe Vs Union of India (Bombay High Court) - In view of absence of documentary evidence, and the findings and discussion hereinabove, the Petitioner cannot be granted MEIS benefit merely on the basis of pleadings which are prima facie insufficient on the face of record. Hence the Petition must fail....

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Custom duty dues cannot be recovered indirectly by blocking Export Incentives

M. k. Exim (India) Limited Vs Union of India (Rajasthan High Court) - M. k. Exim (India) Limited Vs Union of India (Rajasthan High Court) We have also perused the guidelines issued by the Directorate General of Foreign Trade under circular dated 31.12.2003 for maintaining the denied entities list. It records that most common instance of action leading to refusal of li...

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MEIS cannot be denied on exports through DHL to a destination abroad

Jindal Drugs Private Limited Vs Union of India (Madras High Court) - Jindal Drugs Private Limited Vs Union of India (Madras High Court) In this case, supply has been made by the petitioner to FTWZ for onward shipment at the behest of the purchaser, UTEXAM, to a location of its choice. This modus operandi is supported by the documentation placed on record by the petit...

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Govt forecloses TMA Scheme for Specified Agriculture Products

Notification No. 17/2/2021 -EP (Agr i.IV) - (25/03/2022) -  Government has decided to foreclose Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to revamp, redesign and refocus it better for better outcomes. As such, the notification dated 9th September 2021 stands withdrawn. MINISTRY OF COMMERCE (Department of Com...

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Advisory for E-scrip to avail Export Incentive Schemes (RoSCTL, RoDTEP)

Advisory No. 06/2021 - (21/03/2022) - I. To avail the scheme exporter shall make a claim for RoSCTL/RoDTEP in the shipping bill by making a declaration. II. Once EGM is filed, claim will be processed by Customs. III. Once processed, a scroll with all individual Shipping Bills for admissible amount would be generated and made avail...

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Last date extended for applications under MEIS, ROSCTL, ROSL

Notification No: 58/2015-2020 [S.O.1012(E)] - (07/03/2022) - Extension of MEIS / Ad-hoc Incentive Scheme / ROSCTL / ROSL The last date for submitting applications under MEIS (for exports made in the period – 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP, only for exports made in the period 01.01.2020 ...

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Last Date to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

Notification No: 53/2015-2020 [S.O.419(E).] - (01/02/2022) - The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022....

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Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Notification No. 48/2015-2020-DGFT [S.O. 5490(E)] - (31/12/2021) - The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.12.2021 has been extended till 31.01.2022....

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Recent Posts in "Export Incentive"

Duty Drawback claim claimable despite availment of ITC

Numinous Impex (I) Pvt. Ltd. Vs Commissioner of Customs (Madras High Court)

Numinous Impex (I) Pvt. Ltd. Vs Commissioner of Customs (Madras High Court) As far as the goods falling under Customs Heading No. 8483-40-00 of the Customs Tariff Act 1975 are concerned, the rate of duty for goods both covered under these two Columns is only at 2%. Thus, there is no variation as far as […]...

Read More

Hassle in submission of form to avail the benefit of Interest Equalisation scheme on DGFT portal

DGFT vide Trade Notice no. 38 dated 15th March, 2022 have asked exporters to provide following information to claim benefit under Interest Equalisation Scheme. 1. Export Order Value in INR and USD. 2. Tenure of Loan (In months) and Amount of Loan. 3. Amount of Interest Reimbursement Equalisation Claimed. 4. ITC (HS) Code and Product [&hel...

Read More
Posted Under: DGFT |

Govt forecloses TMA Scheme for Specified Agriculture Products

Notification No. 17/2/2021 -EP (Agr i.IV) 25/03/2022

 Government has decided to foreclose Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to revamp, redesign and refocus it better for better outcomes. As such, the notification dated 9th September 2021 stands withdrawn. MINISTRY OF COMMERCE (Department of Commerce) NOTIFICATION New Delhi, the 25th ...

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9 Key schemes/interventions for Export Promotion by Government

Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventions from time to time. The key schemes/interventions taken are: 1. Market Access Initiative (MAI) Scheme provides assistance to Export Promotion Organizations/Trade Promotion Organizations/National Level Institu...

Read More
Posted Under: DGFT |

Advisory for E-scrip to avail Export Incentive Schemes (RoSCTL, RoDTEP)

Advisory No. 06/2021 21/03/2022

I. To avail the scheme exporter shall make a claim for RoSCTL/RoDTEP in the shipping bill by making a declaration. II. Once EGM is filed, claim will be processed by Customs. III. Once processed, a scroll with all individual Shipping Bills for admissible amount would be generated and made available in the users account at ICEGATE...

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Last date extended for applications under MEIS, ROSCTL, ROSL

Notification No: 58/2015-2020 [S.O.1012(E)] 07/03/2022

Extension of MEIS / Ad-hoc Incentive Scheme / ROSCTL / ROSL The last date for submitting applications under MEIS (for exports made in the period – 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP, only for exports made in the period 01.01.2020 to 31.03.2020) has been extended. [&hell...

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DGFT cannot take away benefits conferred by FTP by way of a circular

Essar Shipping Limited Vs Union of India (Bombay High Court)

Essar Shipping Limited Vs Union of India (Bombay High Court) By instituting this writ petition, petitioner seeks to challenge Policy Circular No. 25 of 2007 dated 1st January, 2008 issued by DGFT, the second respondent. According to the petitioner, in the garb of purported clarification, the DGFT has curtailed benefits available to servic...

Read More

Export Oriented Unit Scheme

Export Oriented Units Scheme 1981 The Export Oriented Units (EOU) scheme was introduced to boost exports, increase foreign exchange and create employment in India. The EOU scheme is complementary to the scheme for Free Trade Zone, Export Processing Zone. In this article, we look at the Export Oriented Units scheme in detail. Export Orient...

Read More
Posted Under: DGFT |

Export Promotion Capital Goods (EPCG) FAQs

EPCG stands for Export Promotion Capital Goods. The objective of this scheme is to facilitate the import of capital goods with the purpose of producing quality goods and services to enhance India’s export competitiveness. EPCG scheme allows import of capital goods for pre-production, production and post-production at zero customs duty....

Read More
Posted Under: DGFT |

Last Date to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

Notification No: 53/2015-2020 [S.O.419(E).] 01/02/2022

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022....

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