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...
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...