Exporters from labour-intensive sectors will now be eligible for 2% higher incentives under the MEIS
Aamir H Kaki Exporters, essentially from MSMEs and labour-intensive sectors will now be eligible for 2% higher incentives under the Merchandise Export from India Scheme (MEIS), as per the mid-term review of the Foreign Trade Policy (FTP) released by Commerce and Industry Minister Suresh Prabhu on Tuesday in New Delhi. Incentives under the Services Exports from India Scheme (SEIS) have also been increased by 2%. In addition, the review of the FTP has brought in relief amounting to Rs. 8450 crore annually for the labour-intensive sectors and micro, small and medium enterprises (MSME). The Minister said that the Policy, announced in 2015, was not a one-time exercise for helping the exporters. “It is an on-going effort. The Government will continuously revisit concerns of the exporters, identify ...
DGFT meeting all the RA's to address GST issues
The Dollar Business Bureau The Directorate General of Foreign Trade (DGFT) is meeting all the regional authorities (RA's) to address issues related to the Goods and Services Tax (GST). In order to take stock of the exports situation in the post-GST regime, a meeting of all Regional Authorities of Directorate General of Foreign Trade (DGFT) and the SEZ Commissioners under the chairmanship of Director General of Foreign Trade, is being held on August, 10 and 11, 2017 in New Delhi. Regional Authorities, which are interfacing with the exporter community, will deliberate and give specific suggestions on GST and Mid-Term review of Foreign Trade Policy (FTP) 2015-20. These include measures for boosting employment generation, continued capacity building of export oriented Medium and Small Enterprises (MSMEs) and ...
Enlistment under Appendix 2E - Agencies Authorized to issue Certificate of Origin - (Non-Preferential)
Dated 5th January, 2016 | Copy of | Public Notice No.54/2015-20 | In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (FTP), 2015-2020, the Director General of Foreign Trade hereby authorizes the Indian Industries Association, having its registered office at IIA Bhawan, Vibhuti Khand, Phase - II, Gomti Nagar, Lucknow 226010, to issue Certificate of Origin (Non-Preferential) from its following branch office: M/s Indian Industries Association H.No.L-323/A, NH-8, Mahipalpur Extn., New Delhi - 110037 Website: http://iiaonline.in/ E-mail: [email protected] 2. Accordingly, name of the above agency is added at Serial No.8 (Uttar Pradesh / Uttarakhand) of Appendix 2E [List of Agencies Authorized to issue Certificate of Origin (Non-Preferential) to Appendices & Aayaat Niryat Forms of FTP 2015-2020. 3. Effect of this ...
FTP 2015-2020 Salient changes in Schemes of reward or incentive / advance authorization or DFIA / EPCG or post export EPCG
Dated April 20, 2015 | Circular No.14/2015-Customs | Subject: Foreign Trade Policy 2015 - 2020 –Salient changes in Schemes of reward or incentive / advance authorization or DFIA / EPCG or post export EPCG - reg The Central Government has notified the Foreign Trade Policy (FTP), 2015 - 20 (Policy, for short) on 1.4.2015 and the DGFT has simultaneously issued public notices for the related Handbook of Procedures (HBP) and Appendices and ANF. These documents may be perused for details. 2. Insofar as the schemes of reward or incentive / advance authorization or DFIA / EPCG or post export EPCG are concerned, the Customs, Central Excise and Service Tax notifications have been issued for the purposes of implementing the Policy/HBP. ...
Implementation of EPCG Scheme under FTP 2015-2020
Dated April 1, 2015 | Notification No. 16/ 2015 – Customs | G.S.R. 252 (E) - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods specified in the Table 1 annexed hereto, from,- (i) the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), and (ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, when specifically claimed by the importer. ...
