Amendments to Importer Exporter Code (IEC)
What is Importer Exporter Code (IEC)? IEC is mandatory for import to India or export from India as it has the business identification number. Import Export license is one of such pre-requisite when you think of importing or exporting from India which is also known as the Importer Exporter...
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...
Clubbing of Advance Licenses
Introduction By the term clubbing, you must have received an idea of what are we going to talk about today. Ladies and gentlemen we are going to spill the beans on the process of clubbing of the Advance Licenses. According to the data of the Directorate Foreign of General...