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DGFT exempted the Foreign Trade Policy

DGFT exempted the foreign trade policy

The existing foreign trade policy (FTP) from 2015 to 2020 that is applicable up to 30 September will now be up to 31 March 2022, the DGFT (directorate general of foreign trade) said in the notice. After the coronavirus outbreak, the policy was 1st delayed by a year to the end of 2020 march and … Read more

IE Codes license Deactivated, if not Renewed

IE Codes license Deactivated, if not Renewed

A critical news for exporters and importers in India. The news related to IE Codes. With effect from October 6, the Ministry of Commerce has decided to deactivate all Importer-Exporter (IEC) codes that have not been updated since January 2005, an action that will aid in accurately assessing the number of legitimate exporters and importers … Read more

UP exports to be Expanding to Multiple Countries

UP exports to be expanding to multiple countries

The Department of MSME felicitated sixty-five exporters from UP for their involvement in entire exports from the state. The occasion took place on the ending day of a 2-day state-level business fiesta, planned by MSME, in organization with FICCI in Lucknow as the part of commerce festival (Vanijya Mahotsva) and departments of export encouragement. The … Read more

Explore Profitable Product To Export From India

Explore Profitable Product To Export From India

It is necessary to plan a successful strategy to grab the overseas market by analyzing the best product to export from India. Your revenue will depend on market analysis, need, and demand-supply to any targeted country. Proceeding the same, one should also calculate Indian products that are higher in production and can fulfill the needs … Read more

Govt announced Subsidy on Sugar export this season

Govt announced subsidy on sugar export this season

Sugar mills have been encouraged to take benefit of solid global sugar prices and arrange raw sugar exports in advance for the next season (October-September), according to the report. This suggests that the government is unlikely to prolong the export subsidy beginning with the next season, as domestic mills would find it simpler to sell … Read more

APEDA signs MoU with ICAR to Boost Export

APEDA signs MoU with ICAR to Boost Export

APEDA (The Agricultural and Processed Food Products Export Development Authority) has signed an MOU (Memorandum of Understanding) with the ICAR-IIMR (ICAR-Indian Institute of Millet Research) to enhance commercial growth. Besides, this article demonstrated how APEDA signs MoU with ICAR to boost exports discussed in detail. As per the bureaucrat release, the Memorandum of Understanding also … Read more

Indian tobacco seeks 5% tax relief to boost exports

Indian tobacco seeks 5% tax relief to boost exports

The tobacco industry in India wants tax incentives to assist boost exports. As we all know, there’s a decreasing export base due to an increase in competition from smaller nations. Therefore, Indian Tobacco seeks 5% tax relief. The Indian Tobacco Association (ITA) which accounts for 90%-95% of the export of tobacco has requested that the … Read more

DGFT Extended Last Date for IEC Updation/ Modification

DGFT Extended Last Date for IEC Updation Modification

Good News for Importers and Exporters as DGFT Extended Last Date for IEC Updation/ Modification. However, the extended last date is for a limited time only. Furthermore, DGFT has also given a fee waiver for IEC updation.In this article we will discuss in detail about  DGFT Extended Last Date for IEC Updation/Modification. DGFT Extended Last … Read more

India’s exports increase by 32% in June 2021

India’s exports increase by 32% in June 2021

Positive news for those having IEC Code Registration, as India’s exports increase by 32% in June 2021. There is a significant growth of Exports in India. Hence, highlighting the industry is becoming more profitable and active participation from organizations. In this article, we will get to know about India’s exports increasing by 32%. India’s exports increase … Read more

Documents required for IEC Code Registration

Documents Required for IEC Code Registration

Everyone wants import and export business lucrative these days. However, When it comes to commencing a business, there are numerous factors to consider, one of which is the IEC Registration and License. Therefore, in this article we will read about IEC Code Registration and Mandatory documents required for IEC Code Registration. Who issues IEC Code? … Read more