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...
Clubbing of Exports Promotion Capital Goods (EPCG) Licenses
Introduction Clubbing of Exports Promotion Capital Goods (EPCG) Licenses The clubbing of Exports Promotion Capital Goods (EPCG) Authorisations is exactly what its name suggests, it is the clubbing of two or more EPCG authorisations. No, we are not talking about going to a club or partying over here. As...
Revalidation of Advance License from DGFT
Revalidation of Advance License from DGFT What is an Advance License? An Advance License is a license that is sanctioned by the Directorate General of Foreign Trade (DGFT) to the exporter so that the licence holder can import raw material / components under duty exemption. The Advance License enables...
Purchase of Capital Goods/Machinery from the Local Supplier under EPCG Scheme
Purchase of Capital Goods/Machinery from the Local Supplier under EPCG Scheme Introduction The Export Promotion Capital Goods (EPCG) Scheme was launched by the government of India to enhance the status of export and import in the country. Let’s gather more knowledge regarding the purchase of capital goods and machinery...
Steel / Coal / Copper / Aluminum / Chip Import Monitoring System from DGFT-123
Steel / Coal / Copper / Aluminum / Chip Import Monitoring System from DGFT-123 Introduction There is a huge variety of goods and services that are imported daily. All these goods need to seek approval from the Directorate General of Foreign Trade (DGFT). DGFT is the main licensing head...
Export Obligation Period Extension of the Advance License
About Advance License Advance License enables the duty free import of inputs for manufacturing of export product. These inputs are physically included in the export. Besides all this, there are a few other materials such as fuel, oil, catalyst that are put to use to acquire the export product...
Export Obligation Period Extension of Zero Duty EPCG License
Export Obligation Period Extension of Zero Duty EPCG License About EPCG License The Export Promotion Capital Goods (EPCG) License acts as a ticket for the manufacturer exporters to import their Capital goods under Zero duty. A candidate can get an EPCG license from the Directorate General of Foreign Trade...
Procedure to Close EPCG License
Procedure to Close EPCG License Introduction The Exports Promotion Capital Goods (EPCG) Scheme was initiated by the government of India to enhance the picture of imports and exports in the country. The prime objective of the EPCG Scheme was to uplift the number of exports from India. The import...