Category: blog

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...

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)...

The new certificate of origin for products is called REX, short for Registered Exporter System. The approach above, put forth by the European Union, is for nations that gain access to markets through preferential trade agreements. System for Registered Exporters An economic actor offers self-certification’ that serves as their...

Hey, in our previous blogs, we discussed the EPCG scheme, and we generally take EPCG license to import Duty-free Capital goods (i.e. Machinery). Do you know Capital goods can also be procured indigenously (locally) under the EPCG scheme? Let’s see how to procure Machinery under the EPCG scheme locally:...

The interest equalization scheme is for both pre and post-shipment rupee export extension of credits. People have asked for the extension of the Interest equalization scheme to which the Government also has given a green signal to it while the Government of India has approved the extension which was...

Exporters can import capital goods at zero duty under the EPCG plan in exchange for a six-year export obligation (EO) worth six times the duty saved. At least 50 percent of the EO must be completed during the first four years. The regulations allowing the exporter to apply for...

  Note: In case the supplier doesn’t charge the GST on Invoice, he will pay GST to Govt and he will only claim the refund. In this case, claiming GST will be on Supplier and we only need to take EPCG and Invalidation. Top DGFT Consultants Authors Bio:- Sudheer...

Norms Fixation & Headquarters: Every applicant should be aware that input/ goods which are imported are used for Export/output, according to SION, known as Standard Input Output Norms. When an export product doesn’t fall in place, the exporter can fix norms, and the manufacturer Exporter and merchant exporter can...

Objectives and results The creation of preserving and processing capacities and modernization or expansion of existing food-producing units helps in increasing the level of processing, adding values, and which helps in leading to reduction of food loss for creation or development of food processing and those who have preservation...

e-Registration Cum Membership Certificate (e-RCMC) A membership certificate issued for 5 years is known as Registration Cum Membership Certificate. It is issued by the commodity board of India or Export Promotional Councils. The RCMC is proof to show that any exporter has registered himself with a council. Previously, if...