Category Archives: Export Import

India’s Foreign Trade: February 2017

By | March 15, 2017

India’s Foreign Trade: February, 2017 MERCHANDISE TRADE EXPORTS (including re-exports) In continuation with the revival exhibited by exports since September 2016, exports during February 2017 for the first time exhibited a double digit positive growth of 17.48 per cent in dollar terms valued at US$ 24490.27 million as compared to US$ 20845.73 million during February,2016.… Read More »

Reimbursement of Duty in lieu of drawback for supply of goods to SEZ

By | November 4, 2016

Amendment to Instruction No. 9 regarding Procedure for Reimbursement of Duty (ROD) in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees. Instruction No. 86 Fl. No. D.6/35/2011-SEZ Government of India Ministry of Commerce & Industry Department of Commerce (SEZ Division) Udyog Bhawan, New Delhi   Dated the 31st October, 2016… Read More »

New Foreign Trade Data Dashboard

By | October 12, 2016

Ministry of Commerce & Industry 10-October, 2016 Launch of Enhanced Foreign Trade Data Dashboard As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public with regard to India’s export, import and balance of trade data in an analytical format, over time and space, Commerce & Industry… Read More »

Attention Exporters/ Customs brokers : Rebate of State Levies on textile garments

By | September 25, 2016

Attention of all Exporters/ Customs brokers / members of Trade is invited to the scheme for implementation of Rebate of State Levies on textile garments (ROSL) notifed vide Notification Nos. 12020/03/2016-IT dated 12.8.2016 and 31.8.2016 by the Ministry of Textiles. Further, the Central Government (Ministry of Textiles) has issued Notification No. 12020/03/2016-IT dated 13.8.2016 notifying the rates of rebate in Schedule… Read More »

Govt announces enhanced support under Merchandise Exports from India Scheme (MEIS) of the Foreign Trade Policy

By | September 23, 2016

Government announces enhanced support under Merchandise Exports from India Scheme (MEIS) of the Foreign Trade Policy In the backdrop of the continued challenging global environment being faced by Indian exporters, Department of Commerce has extended support to certain new products and enhanced the rate of incentives for certain other specified products under the Merchandise Exports… Read More »

Import of Goods and Services : Master Direction

By | May 9, 2016

RBI/FED/2015-16/12 FED Master Direction No. 17/2015-16 January 1, 2016 (Updated as on March 31, 2016) (Updated as on February 4, 2016) To All Authorised Dealer Category – I banks and Authorised Banks Madam / Dear Sir, Master Direction – Import of Goods and Services Import of Goods and Services into India is being allowed in… Read More »

SOFTWARE EXPORT – FILING OF BULK SOFTEX

By | May 9, 2016

 LIBERALISATION OF SOFTWARE EXPORT – FILING OF BULK SOFTEX A.P. (DIR SERIES 2015-16) CIRCULAR NO.27, DATED 5-11-2015 Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 80 dated February 15, 2012, A.P. (DIR Series) Circular No. 66 dated January 01, 2013 and A.P. (DIR Series) Circular No. 43 dated September 13, 2013,… Read More »

HOW TO EXPORT FROM INDIA

By | May 4, 2016

HOW TO EXPORT Introduction India’s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by Central government in exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992. Presently Foreign Trade Policy 2015-20 is effective from 1st April, 2015.  As per FTD & R act, export… Read More »

Status Holder-Amendment in Para 3.20(b) of FTP 2015-20

By | May 4, 2016

(To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No.04/2015-2020 New Delhi, 29thApril, 2016 Subject: Status Holder-Amendment in Para 3.20(b) of ForeignTrade Policy 2015-20 S.O.(E) In exercise of the powers conferred… Read More »

Services Counted towards discharge of Export Obligation under EPCG for which payment received in Indian Rupees

By | May 4, 2016

Notification of new Appendix 5D containing the list of services for which payment is received in Rupee terms which could be counted towards discharge of Export Obligation under the Export Promotion Capital Goods(EPCG) Scheme. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 04/2015-2020 New… Read More »

Trade Facilitation Agreement divided into 3 parts

By | May 4, 2016

The Minister of State (Independent Charge) for Commerce & Industry, Smt. Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian trade and… Read More »

EXIM Analytics Dashboard Launched to track trade performance

By | May 4, 2016

03.5.2016 Minister of State (I/C) for Commerce and Industry Smt. Nirmala Sitharaman launches EXIM Analytics Dashboard  As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public on export and import trends of India the Minister of State for Commerce & Industry (I/C) Smt. Nirmala Sitharaman launched… Read More »

e-commerce in foreign Trade Policy 2015-20 defined

By | April 13, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No 2/2015-20 New Delhi, Dated : 11 April, 2016 Subject : Introduction of definition of e-commerce in foreign Trade Policy (2015-2020) S.O.  1385 (E) – In exercise of powers conferred by Section 5 of FT (D&R) Act 1992… Read More »

Online processing system for SCOMET applications

By | February 20, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Date: the 19th February 2016 Trade Notice No. 20/2015-20 To All applicants for SCOMET Export Authorization, All Chambers of Trade and Industry/Federation of Indian Export Organizations All RAs of DGFT Subject: Online filing and processing… Read More »

RBI releases Data on India’s International Trade in Services: December 2015

By | February 16, 2016

Source Reserve Bank of India Date : Feb 15, 2016 The Reserve Bank releases monthly data on India’s international trade in services with a lag of around 45 days. The value of exports and imports of services during the month of December 2015 are given in the following Table. Table: International Trade in Services (US$… Read More »

Target Plus Scheme to reduce benefit to exporter retrospectively Ulta virus : supreme Court

By | October 29, 2015

Notification No. 48/2005 dated February 20, 2006 and Notification No. 8/2006 dated June 12, 2006 amending ‘Target Plus Scheme’ under EXIM Policy/Foreign Trade Policy 2004-2009 to restrict/reduce benefit to exporter retrospectively from 1-4-2005 were ultra vires, as already accrued benefit cannot be taken away by retrospective amendment; therefore, the said notifications were read down to… Read More »