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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...

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...

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...