Do you know the Technical specifications / Norms of Rural Godowns for availing Nabard Subsidy Scheme?
Do you know the Technical specifications / Norms of Rural Godowns for availing Nabard Subsidy Scheme? Are you a business owner looking to secure a NABARD subsidy for your rural godowns? Our team of NABARD Warehouse Subsidy Consultants can help you navigate the complicated application process and maximize your...
Frequently Asked Questions on Importer-Exporter Code (IEC)/(E-IEC)
Frequently Asked Questions on Importer Exporter Code What will be your User name & what do you do after registering? Please note that your initial user name will be your initials in the email address, and you can change it afterward if needed. Once the login credentials get shared...
Post Export EPCG Duty Credit Scrip(s) – Enrich Services
Before getting to know more about this new Scheme, let us refer to the Scheme, which we all know, i.e., the Export Promotion Capital goods scheme (EPCG). Under the EPCG scheme, one can import Capital goods without payment of whole Customs duties, subject to fulfillment of export obligation (EO)...
Latest Export Promotion Schemes or Export Incentives in India
Indian Foreign Trade Policy – Duty Exemption schemes and Export Incentives! For a developing country like ours, India, poor infrastructure, cost of credit, and the other associated costs bring down poor export performance. Alas! The cost of export goods in India is too high in bars. Of course, the...
What is RoDTEP Scheme & The Need for RoDTEP Scheme
A RoDTEP Scheme, which stands for Remission of Duties & Taxes on Export Products, became effective in January 2021, replacing the MEIS Scheme. And, Since then, it serves to ensure reimbursement of the embedded taxes & duties that were previously non-recoverable. Therefore, encouraging the exporters to boost the export...
Are you new to the field of import and export, then you must know about the types of import and export consultants?
import and export consultants Are you looking ahead to exporting your products or importing some products for upscaling your business? And, Do you want to import and export consultants to guide you through? Well, they certainly would! From filling your knowledge gaps concerning market conditions, trading norms & regulations,...
Bank Guarantee and Bond cancellation under EPCG Scheme
The EPCG Scheme, or Export Promotion Capital Goods Scheme, is a government mandate intended to promote exports and assist Indian manufacturers in expanding their business operations. This scheme allows duty-free imports of capital goods or machinery used for pre-production, post-production, or manufacturing processes. Several complex procedures are involved in...
Show Cause Notice under EPCG Scheme – Best EPCG consultants
EPCG consultants and its benefits- Export Promotion Capital Goods Scheme, aka the EPCG scheme, is a tax incentive designed to boost India’s industrial competitiveness by encouraging the import of capital goods required to manufacture high-quality goods and services in India accurately. There is permission to import capital goods at...
Submission of Installation Certificate under EPCG Scheme
The EPCG Scheme‘s main purpose is to provide capital goods that facilitate producing and selling of high-quality goods and services. Capital goods are necessary raw materials for the establishment of an industry. The Scheme allows for zero custom duty on imports of capital goods, such as machinery, that are...
Penal action and placing of an entity in Denied Entity List (DEL) by Director General of Foreign Trade (DGFT)
The Denied Entities List, also known as the ‘Black List’, is drawn under Rule 7 of Foreign Trade Regulation Rules1993 (from now on, referred to simply as ‘the rule’s). For a firm to be denied a license. The refusal to issue a license to a person under sub-Rule 7(2)...