DGFT : Explore the key stages of import and export procedures in India, including the IEC process, legal compliance, licensing, customs c...
Custom Duty : The Customs Department have recently started obstructing all the imports of alloy containing gold and platinum across the country ...
DGFT : With the globalisation of trade and business, we are seeing enormous growth in imports and exports in India. The Indian economy is...
DGFT : Introduction: Export and Import trade is regulated by Directorate General of Foreign Trade (DGFT), it is a body functioning unde...
Corporate Law : ♦ Definition of ‘Export’ & ‘Exporter” Under Foreign Trade Policy Export- Is as defined in FT (D & ...
Corporate Law : Government of India has amended the Public Procurement (Preference to Make in India) Order, 2017 on 16.09.2020, enabling nodal Min...
Custom Duty : At Chennai Port Trust manual form-13 has been dispensed. Both Terminals (CCTPL & CITPL) are issuing e-form 13 only. The CFS gate m...
Corporate Law : As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public on export and import tren...
DGFT : Union of India Vs Agricas LLP and Others etc. (Supreme Court) In the instant case, the Writ Petition is filed by challenging the i...
DGFT : Import policy of mosquito killer racket under HS Codes 85167920 and 85167990 is revised from ‘Free’ to ‘Prohibited’ if C.I...
DGFT : Existing policy (prior to this amendment) as available at page 79 of ITC(HS) Classifications of Export and Import Items is extrac...
DGFT : In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2....
DGFT : NOTIFICATION NO. 27/2009-2014- A certificate that the toys being imported conform to the standards prescribed in ASTM F963 or sta...
DGFT : In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 o...
Explore the key stages of import and export procedures in India, including the IEC process, legal compliance, licensing, customs clearance, and tax obligations. Get insights for establishing a trading company.
The Customs Department have recently started obstructing all the imports of alloy containing gold and platinum across the country and have created a ruckus in the industry since these are sensitive items whose rates fluctuate on a daily basis.
With the globalisation of trade and business, we are seeing enormous growth in imports and exports in India. The Indian economy is one of the largest economies in the world and one of the fastest-growing ones too. Foreign trade in India is promoted and facilitated by the Directorate General of Foreign Trade (DGFT), under the […]
Import policy of mosquito killer racket under HS Codes 85167920 and 85167990 is revised from ‘Free’ to ‘Prohibited’ if C.I.F value is below Rs121/per racket vide Notification No. 2/2015-2020 Dated: 26th April, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the Notification No. 2/2015-2020 Dated: 26th April, […]
Introduction: Export and Import trade is regulated by Directorate General of Foreign Trade (DGFT), it is a body functioning under the Ministry of Commerce and Industry, Department of Commerce, Government of India. DGFT is the regulator, promotor and facilitator of Import and Export. DGFT implements the policies and procedure from time to time for Export […]
Government of India has amended the Public Procurement (Preference to Make in India) Order, 2017 on 16.09.2020, enabling nodal Ministries/ Departments to notify higher minimum local content requirement for Class-I & Class-II local suppliers which was earlier fixed at 50% and 20% respectively.
Union of India Vs Agricas LLP and Others etc. (Supreme Court) In the instant case, the Writ Petition is filed by challenging the imposition of restrictions on import of Peas and pulses. As per petitioner, the notifications issued by the DGFT had the effect of modifying or amending the EXIM policy as the specified items […]
♦ Definition of ‘Export’ & ‘Exporter” Under Foreign Trade Policy Export- Is as defined in FT (D & R) Act, 1992, as amended from time to time. Note: Definition of export under foreign trade policy is same as defined in FT (D & R) Act, 1992 which is given below. In other words definition of […]
Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country Imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit, it must borrow from other countries to pay for the extra imports. India is traditionally a Trade Deficit Country.
How to import Tobacco and Tobacco Substitutes A basic idea about formalities and procedures to import Tobacco and Tobacco Substitutes from overseas countries are explained in this category ‘Import procedures’. These details are given to enlighten importers, a general tips to import goods from overseas countries applicable to almost all countries worldwide. Once after reading […]
