import-export code

Indian tobacco seeks 5% tax relief to boost exports

Taliban Stops Imports-Export from India

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

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

India records highest ever exports in June Quarter

India records highest-ever exports in June quarter

Good news for Indian exporters as India records the highest-ever exports in June Quarter. This had been a significant victory for businesses having MSME Registration, APEDA Registration, and FIEO Registration. The reason is the government took many decisions and executed many plans to boost the export business. In this article, we will know about India … Read more

DGFT Extends Deadline for IEC Renewal

DGFT extends deadline for updation of IEC on Annual Basis

DGFT extends the deadline for updating of IEC on an Annual Basis as many registrants were missing the deadline. As we know, the second wave of the Coronavirus pandemic hit India very hard. Most of India was under lockdown. Therefore, businesses face many difficulties to update IEC. In this article, we will discuss DGFT extends … Read more

India’s Exports Rise To $30.21 Billion In April

India's Exports Rise To $30.21 Billion In April

India has registered an export of $30.63 billion in April 2021 as compared to $10.63 billion in the same month of last year reflecting a growth rate of 195.72%. In terms of value in Rs, the total exports were Rs 2, 28,071.76 Crore in April 2021 as compared to Rs 78,951.41 Crore in April 2020. In … Read more

Exports Surge by Over 58% in March, Imports Rise 53%

Exports Surge by Over 58% in March, Imports Rise 53 %

India’s foreign trade sector plays a vital role in the growth of its economy. It ensures the highest quality of goods and services, increases competitiveness, generates employment, improves living standards, and earns valuable foreign exchange for the country.. In this article, we will discuss Exports Surge by Over 58% in March, Imports Rise 53%. Know … Read more

India’s Agriculture Export Subsidy Policies come under WTO lens

India’s agriculture export subsidy

As we know India’s farm subsidy policies appeared under the scanner at the World Trade Organization (WTO) during the country’s trade policy review (TPR), with fellows such as Canada, the US and Australia complaining that India has not proclaimed its agriculture export subsidies for more than eight years. In this article, we will discuss on … Read more

RoDTEP scheme gets implemented from Jan 1, 2021

RoDTEP Scheme gets implemented from Jan 1

Taking a major step to boost exports, CBIC issued the notification to extend the benefit of the scheme for Remission of Duties and Taxes on Exported Products. In this article, we will discuss on RoDTEP Scheme gets implemented from Jan 1. RoDTEP Scheme gets implemented from Jan 1 CBIC has announced the new scheme i.e … Read more

DGFT Issued a Notification for Export Policy of Onion

export policy of onion

DGFT has issued a notification relating to the export policy of onion with immediate effect. Let’s summaries the Notifications issued:- Notification for Export Policy of Onion The ministry of commerce industry has issued the notification  No. 31/2015-20 dated 14.09.2020 relating to the export policy of onion with immediate effect. Also allowed shipments of Bangalore rose … Read more