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Tag: DGFT Services

Procedure to Close Advance License

Procedure to Close Advance License About Advance License Scheme The Advance License Scheme was established by the government of India as a part of the Foreign Trade Policy to offer inputs and duty-free materials that are required to manufacture the export products. The government has previously launched various schemes...

What is the Average Export Obligation in the EPCG Scheme

About EPCG Scheme The term EPCG stands for Exports Promotion Capital Goods. It is a term that is most likely used in the business of exports and imports. EPCG Scheme is a scheme that lets a person import capital goods at zero customs duty. The main aim of the...

What is Third-Party Export in the EPCG Scheme

What is Third-Party Export in the EPCG Scheme About Third-Party Export EPCG authorization holder may export either directly or through a third party (ies). Third-party export refers to the export that is made by a manufacturer or an exporter on behalf of another manufacturer. So basically, a third-party export...

Why Importer Exporter Code (IEC) in India?

Importer Exporter Code! Have you ever encountered the term IEC on Television, Newspapers, and thinking about what it means? Is it Independent Electoral Commission, Indian Economic Conclave, or Import- Export Code? Enrich providing the complete and basic guide about the importer exporter code is given. It would not only...

What is IEC and How to apply the IEC? | IEC updation details

What is IEC? The Importer-Exporter-Code (IEC) is an important trade identification number that is mandatory for exports or imports. Nobody is allowed to import or export, except under an IEC number assigned by the DGFT. In the case of the import or export of services or technologies, the IEC...

Advance Authorisation Scheme and its Benefits in India.

Advance Authorisation Scheme and its Benefits in India. Import and Export is a wealthy field of business and if done right can make you millions, but it does have its drawbacks. The biggest setback is the rules/fees/authorizations, since you are doing business with another country, the Indian government has...

What is the EPCG scheme?

Export Promotion Capital Goods EPCG, the acronym for Export Promotion Capital Goods is a scheme that boosts the competitiveness of India’s export by helping the country import quality capital goods to produce high quality goods and services. The Export Promotion Capital Goods Scheme (EPCG) initiated by the Government of...