Government extends date till November 20 to register with SIMS to import 215 products
In September, the government had made it mandatory for traders to register themselves with SIMS to import 215 iron and steel products. The date provided earlier was November 1. According to the Directorate General of Foreign Trade (DGFT), this will be a one-time relaxation.
Soybean Association urges govt to ask DGFT to release MEIS scrips at 7% for exports
From August 1, DGFT has stopped accepting MEIS applicatio...
Companies under NCLT asked to inform about export liabilities
The total outstanding duty saved amount / dues along with interest, and any pen...
Govt stops import incentives for gold medallion, coin exporters
An Advance Authorisation is issued to allow duty free import of inputs, which are physically incorporated in export products.
Exporters voice concern at disabling of benefits
Exporters found that the claims from the period August 1, 2019 were disabled by DGFT. They were expecting MEIS to continue till March 31 2020, when the new foreign trade policy (FTP) comes in place. “FTP has a good legal framework for trade facilitation. Sustained growth in exports needs policy continuity adhering to the duration clause of FTP,’ he said.
Govt restores duty-free replenishment facility for jewellery exporters
This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).
DGFT order checks illegal inward shipments of electronic items: ICEA
ICEA chairman said that since the CRO did not cover secondhand goods earlier, there were imports without BIS registration under the guise that these are second-hand goods.
Govt merges Council of Trade Development and Promotion with Board of Trade
According to a notification of the directorate general of foreign trade (DGFT), the new forum will remain as Board of Trade and will work with ten terms of references.
Govt to set up panel under DGFT to look at steel availability for engineering exporters
Since 2011-12, India's exports have been hovering at around USD 300 billion. During 2017-18, the shipments aggregated at $ 303 billion.
No more conflict: India to broker 'peace' among diamonds
As chair of Kimberley Process Certification Scheme, India will try to prevent illegal acquisition of stones.
Centre removes export incentives for onion
Under MEIS, the government provides duty benefits depending on product and country.
Local maize prices correct after import duty cut
Last month, ET had reported that reduction in duty was likely.
Exporters drag govt, DGFT, CBIC to court over export benefits
About 1,000 exporters were issued notices by the DRI in May, asked to pay fines, interest.
Local council for gem & jewellery to be launched on January 31
While the DC will be launched at the month-end, its structure will take a few more months to be put in place.
DGFT exempts pepper exporters from MIP as growers meet Central ministers
The DGFT order comes shortly after Kerala High Court granted an interim stay on MIP of Rs 500 per kg a couple of days ago.
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