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Tag: FTP

Export Import

Enabling provisions for import of inputs that are subjected to mandatory QCC

byAdmin12/03/202412/03/2024

DGFT issued Notification no. 71/2023 dated 11.03.2024 on subject ‘enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ. In exercise of powers conferred by Section 3 read…

Export Import

Enabling provisions for import of inputs that are subjected to mandatory QCC

byAdmin12/03/202412/03/2024

DGFT issued Public Notice no. 50/2023 dated 11.03.2024 for enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ. In exercise of powers conferred under paragraph 1.03 and…

Customs

Foreign Trade Policy – 2023 w.e.f 01.04.2023

byAdmin01/04/202301/04/2023

The Central Government hereby notifies vide Notification no. 1/2023 dated 31.03.2023, the Foreign Trade Policy, 2023 to be effective from 01.04.2023.

CustomsPPT

Foreign Trade Policy 2023 Presentation

byAdmin01/04/202301/04/2023

Directorate of General of Foreign Trade (DGFT) has made the presentation public for reference.

Customs

Foreign Trade Policy 2023 announced

byAdmin01/04/202301/04/2023

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today launched the Foreign Trade Policy 2023 saying that it is dynamic and has been kept open ended to accommodate the emerging needs…

Customs

DGFT extends the Foreign Trade Policy (FTP) 2015-2020 till March 31, 2023

byAdmin01/10/202201/10/2022

The DGFT vide Notification No. 37/2015-2020 dated September 29, 2022 extends the existing Foreign Trade Policy (“FTP”) 2015-2020 which is valid upto September 30, 2022 till March 31, 2023. In exercise of powers conferred by Section 5 of the Foreign…

GST ArticleHigh Court

SEIS benefit can’t be denied for not having IEC when services rendered No IEC required for availing benefit of SEIS

byCA Bimal Jain24/08/202224/08/2022

The Hon’ble High Court, Bombay in the matter of M/s Smarte Solutions Pvt. Ltd v. Union of India [Writ Petition no. 503/2021 dated July 27, 2022] directed the department to consider the application for Services Export from India Scheme (“SEIS”)…

GST ArticlePre-GST

Customs Authorities have no jurisdiction to initiate the proceedings for violation w.r.t. Foreign Trade/ Exchange

byCA Bimal Jain03/08/202203/08/2022

The CESTAT, Ahmedabad in M/s. Janki Dass Rice Mills v. C.C.-Mundra [Customs Appeal No. 10801 of 2021 & Ors. dated July 7, 2022] set aside the order passed by the Commissioner (Appeals) confirming the confiscation of goods and imposing penalty…

Export Import

Commerce Ministry looking to release new FTP before September, says official

byAdmin05/07/202205/07/2022

The commerce ministry is working to release the new five-year foreign trade policy (FTP) before September this year and Districts as Export Hubs scheme would be part of that document, which aims at promoting exports and job creation, an official…

Export Import

DGFT issued amendment in guidelines of ANF-4F under FTP to simplify the procedure and reduce the compliance burden

byAdmin07/06/202207/06/2022

The DGFT vide Public Notice No. 11/2015-2020 dated June 7, 2022 has issued amendments in Para 2 (b)(i) of the Guidelines for applicants under ANF-4F of Handbook of Procedures 2015-2020 (“HBP”) under the Foreign Trade Policy 2015-2020 (“FTP”) to simplify…

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