FAQ Q1. What is the technical requirement for filing an IEC? A valid PAN Valid Mobile Number and Email ID. Scanned copy of the documents to be uploaded. Q2. How to apply for new IEC application? On the DGFT website under Quick links select Apply for New IEC/Modify existing IEC. … [Read more...]
Export of Roasted Gram in consumer packs up to one Kg is permitted
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification 40/2015-20 New Delhi, Dated : 15 February, 2016 Subject: Amendment in export policy of … [Read more...]
Import Of Goods At Concessional Rate Of Duty – Procedure Simplified With A Demerit
Preface:- The Budget, 2016 brought about a series of changes in various sectors of the industry. In this article we will focus on the various changes made through notification No. 32/2016 – Customs (N.T.). This notification has been issued to supersede the existing Customs (Import of Goods at … [Read more...]
Import of goods by vessel – Budget, 2016 made it expensive!!!
Introduction:- Budget 2016 has been introduced and with it has come many amendments and changes in the law. One such change is with respect to the services by way of transportation of goods by an aircraft or a vessel. The amendments made in it are effective from 1.6.2016 and will impose additional … [Read more...]
All varieties of onions can be exported without any Minimum Export Price
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Notification No. 29 /2015-20 Subject:- Export Policy of Onions- Removal of Minimum Export Price (MEP) on … [Read more...]
The Minimum Export Price (MEP) for export of onions is revised to US$ 400
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 26/2015-20 New Delhi, Dated: 11th December, 2015 Subject:- Export Policy of Onions- revision in … [Read more...]
Format of CA Certificate required for Factory Stuffing
TO WHOM SOEVER IT MAY CONCERN We hereby confirm that we have examined the prescribed register and also relevant of record and audited accounts of M/S. XYZ At: ADDRESS, PIN------ for the Period of 2014-2015. 1- M/S. XYZ have made the following … [Read more...]
Basic customs duty on wheat has been increased from 10% to 25% for a period up to 31.03.2016
Government has made the following changes in indirect tax rates, effective from today, that is 19th October, 2015: 1) In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic … [Read more...]
New form of bank certificate require to IEC application
ANF2(I) FORMAT OF BANK CERTIFICATE FOR ISSUANCE OF IEC (To be issued on the official letter head of the Bank) Ref No……………………. To …………………………….. ……………………………… … [Read more...]
Online modification of IEC will operational from 21st September 2015
To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 36 /2015-2020 Dated the 14 September, 2015 Subject: Operationalisation of … [Read more...]
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