GST will give more credit to exporters: DGFT 

  Director general of foreign trade Ajay Kumar Bhalla on Friday said exporters could end up getting more credit in their accounts once the Goods and Services Tax (GST) is rolled out. “Let us transit into a new regime. The foreign trade policy will continue as it is…You will get much more credit in your account,” Bhalla told exporters at an outreach event organised by the Federation of Indian Export Organisations here. Exporters have raised concerns over the long time taken for refund of duties and stated that paying duties first and then seeking refund would result in blockage of working capital with the government. They have demanded ab-initio exemption from paying of taxes. Allaying their fears, Bhalla said that the practical part of the implementation of GST will be

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DGFT notification on Implementation of Target Plus Scheme as per SC decision

  Implementation of Target Plus Scheme as per the decision of the Hon`ble Supreme Court dt. 27.10.2015 in CA No. 554 of 2006 . Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 06/2015-2020 New Delhi, 08th May, 2017 S.O. 1448 (E) – In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020 and in consequent to the decision of the Hon’ble Supreme Court dated 27.10.2015 in CA No.554 of 2006 the Central Government hereby makes the following amendments in the Target Plus Scheme for the exports effected during 01.04.2005 to 31.03.2006, of the Foreign Trade Policy (FTP) 2004-09 as amended from time

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Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme

  Circular No. 6/2017-Customs F.No. 609/03/2017-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 28th February, 2017 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners & Commissioners, all under CBEC Sir/Madam, Subject: Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme –reg. Attention is invited to Board’s Circular No. 5/2009-Customs dated 2.2.2009 which prescribes Bank Realization Certificate (BRC) as one of the documents that may be submitted to Customs by the exporters as proof of realization of sale proceeds for exports. Further, for exports with LEO date from 01.04.2014 onwards, an electronic system of reconciliation of sale proceeds (RBI-BRC module)

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DGFT corrects product description in MEIS Schedules

  Amendments in Product Description in MEIS Schedule-Table 2 of Appendix 3B. F. No. 01/61/180/178/AM17/PC-3. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade New Delhi Public Notice No. 44/2015-2020, Dated: November 15, 2016 Subject: Amendments in Product Description in MEIS Schedule-Table 2 of Appendix 3B. In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes the following amendments in description of products in Table 2 of Appendix 3B (notified through Annexure to Public Notice No. 2 dated April 1, 2015 and subsequently amended through Public Notice No. 27 dated July 14, Public Notice No. 28 dated July 16, Public Notice No. 44 dated October 29 of 2015 and Public Notice No.6 dated May 4, Public

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DGFT rectifies errors in Public Notice No. 27 & 29/(2015-2020)

  Ministry Of Commerce and Industry Department Of Commerce Directorate General of Foreign Trade Public Notice No. 35/(2015-2020) New Delhi: Dated The- 28th September, 2016 Subject: Amendments in Public Notice No. 29/2015-2020 dated 08.09.2016 and in Public Notice No 27 dated 31.08.2016. In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments: 2. In the Public Notice No. 29 dated 08.09.2016, the date 14.02.2013 mentioned in first sentence of the Effect of Public Notice is corrected to read as 14.02.2014 3. The entry at Serial No. 10 in Appendix 4J mentioned inPublic Notice No. 27 dated 31.08.2016 related to ‘Export Obligation Period for Special Advance Authorization Scheme for export of articles of apparel and

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Inclusion of new Regional Office of DGFT at Belagavi, Karnataka

  Ministry Of Commerce and Industry Department Of Commerce Directorate General of Foreign Trade Public Notice No. 36/(2015-2020) New Delhi: Dated The- 28th September, 2016 Subject’. – Inclusion of new Regional Office of DGFT at Belagavi, Karnataka in Appendix – 1 A of Foreign Trade Policy, 2015-20. In exercise of powers conferred under paragraph 2 04 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby includes the new Regional Office of Directorate General of Foreign Trade (DGFT) at Belagavi, Karnataka at S. No.38 (A) of Appendix – 1 A of Foreign Trade Policy, 2015-20, as per details below S.No. Name and Address Territorial Jurisdiction 2 3 38(A) The Deputy Director General of Foreign Trade, Ground Floor, Belagavi Permanent Exhibition Complex, Autonagar, Kanabaragi  Industrial Area, Belagavi, Karanataka 590015

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DGFT permits export of 723 MT of raw cane sugar to US

  (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 Public Notice No.66/2015-2020 New Delhi, the Dated: 21 March, 2016 Subject:- Allocation of additional quantity for export of sugar to USA under Tariff Rate Quota (TRQ). In exercise of the powers conferred under Paragraphs 2.04 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby allocates an additional quantity of 723 MTs (Seven Hundred and Twenty Three metric tons) of raw cane sugar (at 98 degree pol), out of non-levy (Free Sale) quota for export under Tariff Rate Quota (TRQ) to USA for the US fiscal year 2016 (October 1, 2015 to September 30, 2016). 2. As per Notification No. 3/2015-20 dated 20.04.2015,

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SCOMET Export permission for ‘Stock & Sale’ purposes

  Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Public Notice No. 07/2015-20 New Delhi, the 17 May, 2017 Subject:- SCOMET Export permission for ‘Stock & Sale’ purposes In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015- 20, the Director General of Foreign Trade, hereby makes the following amendments in Para 2.79A of the Handbook of Procedures, 2015- 2020 with immediate effect: 2. The revised Para 2.79A would read as follows: 2.79A. Export permission for “Stock and Sale” i)  ‘Stockist’ refers to the entity abroad to whom the SCOMET items are originally exported by Indian principal/wholly owned subsidiary. The Stockist entity should be a subsidiary/ principal company abroad of the Indian exporter. ii) Applications for grant of authorization for export

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Target Plus Scheme Scrips for exports made in year 2005-06

  Implementation of the Hon’ble Supreme Court’s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to Target Plus Scheme (TPS) Scrips for the exports made in the year 2005-06 over 2004-05 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 06/2018 Date: 8th May 2017 To All RAs of DGFT Customs Authorities Subject: Implementation of the Hon’ble Supreme Court’s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to Target Plus Scheme (TPS) Scrips for the exports made in the year 2005-06 over 2004-05. a. Background:Target Plus Scheme as a part of Foreign Trade Policy was announced on 31.08.2004 w.e.f. 01.04.2004. The objective was to accelerate

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Recovery of DFCE Scheme Scrips for exports made in year 2003-04

  Implementation of the Hon`ble Supreme Court`s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to recovery of Duty Free Credit Entitlement (DFCE) Scheme Scrips for the exports made in the year 2003-04. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 07/2018 Date: 8th May 2017 To All RAs of DGFT Customs Authorities Subject: Implementation of the Hon’ble Supreme Court’s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to recovery of Duty Free Credit Entitlement (DFCE) Scheme Scrips for the exports made in the year 2003- 04. a. Duty Free Credit Entitlement (DFCE)Scheme:As per Exim Policy w.e.f  01.04.2003, under DFCE Scheme duty free import entitlement

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