Here’s everything you need to know about Certificate of Origin
Introduction A Certificate of Origin is a piece of document that acts as proof that states that the goods that were a part of a particular export shipment are fully obtained, produced, manufactured, or processed in a particular country. The certificate describes in which country the good or commodity...
What is the importance of the ITC-HS Code?
Introduction And if you are one of those, who have no hint about the term ITC-HS Code, no problem you don’t have to take any stress as I will tell you everything about the code today. The term ITC-HS stands for Indian Trade Clarification based on Harmonized System of...
All you need to know about “IEC Deactivated”
Introduction Let’s start right from the beginning, for those who are unaware of the term IEC, let me tell you it stands for Importer Exporter Code. If you are someone who works in the field of import and export or is somewhat engaged in it by any chance,...
Amendments in Para 5.15, 5.16, 5.19A, 5.22 and 5.23 of Chapter 5 (EPCG Scheme) of the Hand Book of Procedures 2015-20
Introduction Today, we are going to ponder over the amendments that in chapter 5 of the “Exports Promotion Capital Goods” EPCG Scheme. You can give a quick read to the Para 5.15, 5.19A, 5.22 (a) and (b) of Chapter 5 in the EPCG Scheme of the Handbook of Procedures...
Amendments in Para 5.14 (c) and 5.17 (d) of Chapter 5 (EPCG Scheme) of the Hand Book of Procedures 2015-20
Introduction If you want to be a person who knows it all about the Exports Promotion Capital Goods (EPCG) Scheme especially if you want to learn how to reduce compliance burden and enhance the ease of doing business, then you must refer to the amendments present in chapter 5...
Exemption and Relief from Maintenance of Average Export Obligation
Introduction Hey, my friend today we will spill the beans on the Exemption from maintenance of average export obligation (AEO) and Relief in average export obligation (AEO). To get a better picture of the exemption and relief from maintenance of AEO, we will have to understand how to calculate...
Automatic EO extension in the event of a ban on the export product under EPCG Scheme
Introduction If you closely look at Para 5.20 of the Handbook of Procedures (HBP) 2015-20 you will obtain a crystal image of the Automatic export obligation extension in the event of a ban on the export product. Make sure that you are all able to get a good grip...
An Incentive for early EO fulfillment under EPCG Scheme
Introduction Under the Export Promotion Capital Goods (EPCG) Scheme, the authorisation holder shall be maintaining a proper record of the Specific export obligation and average export obligation. The authorization holder should fulfill’ s the specific export obligation over the prescribed block period in the following proportions: When we talk...
Advance Authorisation – Self Ratification Scheme
Introduction If you are keen to obtain a crystal clear understanding of the Self Ratification Scheme, then you can refer to Para 4.07A of Foreign Trade Policy (2015-2020). Any person can easily get all the nitty-gritty of the scheme through the FTP. What is the Self Ratification Scheme all...
COMPUTATION OF ANNUAL AVERAGE EXPORT OBLIGATION UNDER EPCG SCHEME (PARA 5.04 (b) OF FOREIGN TRADE POLICY 2015-20 READ WITH PARA 5.12 OF HBP 2015-20).
Introduction You can easily find all the details about the computation of annual export obligation under Export Promotion Capital Goods (EPCG) Scheme in Para 5.04 (b) of Foreign Trade Policy (2015-2020) read with para 5.12 of HBP 2015-20. The average export obligation under EPCG scheme shall be fixed as...