Abolition of Mate receipt

Circular No. 56/20 16-Customs F. No. 450/221/2014-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Room No. 227B, North Block, New Delhi, dated the 24th November, 2016 To, Principal Director General/Director General, Directorate of Revenue Intelligence All Principal Chief Commissioners/Chief Commissioners of Customs/Customs(Preventive) All Principal Chief Commissioners/Chief Commissioners of Customs & Central Excise All Principal Commissioners/Commissioners of Customs/Customs(Preventive) All Principal Commissioners/Commissioners of Customs & Central Excise Sir/Madam, Subject:- Abolition of Mate receipt-regarding Ministry Read Full Details…

DGFT highlights initiatives taken to boost Foreign Trade

The Director-General of Foreign Trade (DGFT), Dr Anup Wadhawan, interacted with exporters on the issues of Trading Across Borders and Foreign Trade Policy in an interactive session jointly organised by the Department of Industrial Policy and Promotion, CII and Fieo in Mumbai recently. The Joint Secretary, DIPP, Mr Shailendra Singh, Joint Secretary, Customs, Mr Satya Srinivas, and many other senior officers participated in the discussions. In response to questions raised by the exporters on the major initiatives taken by DGFT/Department Read Full Details…

Rate of Duty Drawback on Gold Jewellery and Silver Jewellery/Articles – Rate increased

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.-90/2016-CUSTOMS (N.T.) New Delhi, dated the 24th June, 2016 G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), read with rules 3 and 4 of Read Full Details…

Export Import – Exim Queries

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Offering – Digital Self Learning Export Import – Exim Business Online Course

14th June 2016, New Delhi — Eximtutor.com is a best import export website, providing online digital self learning training course by methods Export Import Business Guide to New Exporters, Export Import Management Students of International Trade and Existing Exporter can take help from this course. We incorporated Technology and Business together in modern scenario. This is virtual learning system, Anybody Can Learn Anywhere in Anytime. How to Boost the Foreign Trade Growth Export Import Business Guide is one of those Read Full Details…

Introduction of definition of e-commerce in Foreign Trade Policy (2015-2020)

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE Notification No. 02/2015-20, New Delhi, Dated the 11th April, 2016 Subject: Introduction of definition of e- commerce in Foreign Trade Policy (2015-2020). S.O. (E): In exercise of powers conferred by Section 5 of FT (D&R) Act 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-2020, as amended from to time, the General Government hereby introduce the definition of e-commerce in chapter 9 of the Foreign Trade Policy Read Full Details…

Bill of Entry (Electronic Declaration) (Amendment) Regulation, 2016

Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Notification No. 45/2016 – Customs (N.T.) New Delhi, Dated the 01st April, 2016 G.S.R. (E).- In exercise of the powers conferred by section 157 read with section 46 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations to amend the Bill of Entry (Electronic Declaration) Regulations, 2011, namely:- (1) These regulations may be called Read Full Details…

Govt lists significant tax incentives for maritime sector proposed in Budget 2016-17

The government of India has proposed the following tax incentives in the Budget 2016-17 for strengthening and promoting the Indian maritime sector: (i) Exclusion of services of transportation of import cargo by ships on voyage charter from Negative List Freight charged by shipping companies for import of goods into India has been excluded from the Negative List and permitted availment of CENVAT credit on inputs used for providing such service. This will bridge the competitive gap between Indian and foreign Read Full Details…

Instruction on applications for IEC / modification in IEC –regd.

Government of India Ministry of Commerce & Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi New Delhi, Dated the 12th February, 2016 Trade Notice No. 18/2016 To : All IEC holders/applicants All EPCs / All Chambers of Trade and Industries FIEO/ASSOCHAM/CII All RA’s of DGFT Subject: Instruction on applications for IEC / modification in IEC –regd. Reference is invited to the Notification No. 34 dated 29th January, 2016 vide which para 2.05 (c) of the FTP (2015-20) has Read Full Details…

India Exports

India Export Statistical Data 2015-16 Country 2014-2015 (in INR) 2015-2016     (Apr- Nov) 2014-2015 (in INR) U S A 25942751.55 17356137.39 U Arab Emts 20185269.18 12881843.59 Hong Kong 8311857.4 5147801.14 China P Rp 7303043.3 3951863.69 U K 5696907.25 3800430.94 Germany 4606196.79 2955451.51 Saudi Arab 6802968.33 2950072.52 Singapore 5985397.67 2878574.19 Bangladesh Pr 3944038.17 2396517.15 Sri Lanka Dsr 4103801.13 2355377.84 Vietnam Soc Rep 3831863.74 2184693.28 Belgium 3371799.1 2106727.25 Japan 3283568.79 2076459.41 Netherland 3864646.71 1971861.86 France 3032342.22 1967339.3 Italy 3111841.59 1741603.15 Malaysia Read Full Details…