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Keeping in view of improving the business environment in the country, DGFT simplifies the Procedure for filing Application under Merchandise Export Incentive Scheme (MEIS) Scheme for EDI Shipping Bills. DGFT vide its Public Notice No.13/2015-20 … Continue reading

DGFT vide its Public Notice No.06/2015-2020 dated 04.05.2016 added markets in 2787 lines with immediate effect. Presently MEIS Scheme covers 5012 lines out of which 2787 required submission of Landing Certificate as reward was not … Continue reading

Status holder certification is now back on the basis of current + past 3 years. This was earlier modified to current + past 2 years in the current FTP 2015-20 which rendered a lot of … Continue reading

The Directorate General ofForeign Trade (DGFT) vide its notification No.02/2015-2020 dated 11.04.2016provided the definition of E-Commerce Platform in respect to facilitate theMerchandise Export from India Scheme (MEIS) benefits under Foreign Trade Policy2015-20. Nowand hereafter till … Continue reading

Central Government vide notification No.14/2016-Cusotms dated 01.03.2016 has withdrawn the custom duties exemption on direct imports of specified goods for defence purposes following under S. No.9, 9A, 10, 10A of Table annexed to Notification No.39/96 … Continue reading

Indian Customs Declaration Form’ is revised to include ‘Drones’ in the prohibited and dutiable goods list. Passengers carrying it need to declare in customs form w.e.f. April 1, 2016 Central Government also made it mandatory … Continue reading

Krishi Kalyan Cess @ 0.5% proposed to be levied, on any or all taxable services on the value of taxable services thereby making effective service tax rate at 15%, w.e.f. 1st June 2016. Customs and/or BED rates … Continue reading

110 items added under MEIS schedule, rate revised for 2228items Through Public Notice No. 44, dated Oct 29, 2015, DGFT makesaddition of 110 items under MEIS schedule. Description of these items with HScodes was already … Continue reading

Circular dated 23.10.2015 from Ministry of Finance, now mandates export documents to be digitally signed and submitted through Electronic Data Interchange(EDI). CBEC reinforced its previous circular dated back in march 2015 providing guidelines for signing … Continue reading

The issue pertains tointerpretation of the provisions of FTP – 2009-14 in relation to Served FromIndia Scheme. One side represented by multinational brands like Yum Restaurants,Several Hotels like Le Meridian, Johnson and Johnson and ThyssenKrupp, … Continue reading

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