15 June, 2015
Notification Nos. 22/2003-C.E. and 23/2003-C.E. have been amended by Notification No. 28/2015-C.E., dated 15-5-2015 to reflect the new Foreign Trade Policy 2015-20 notified by the Ministry of Commerce on 1st of April. Some of the important changes are,
1 April, 2015
With the aim of doubling India’s export of merchandise and services by the year 2020, the Indian Commerce and Industry Ministry has today (1-4-2015) announced the new Foreign Trade Policy 2015-2020 (FTP).
According to the FTP statement, the Policy seeks to accelerate exports through various schemes intended to exempt and remit indirect taxes on inputs physically incorporated i...
28th October, 2013
Indian Ministry of Commerce has prescribed a procedure for regularization of Export Obligation (EO) default cases under Advance authorization, DFIA and EPCG Schemes. As per the scheme, an applicant intending to regularize the case has to pay customs duty and interest not exceeding the customs duty portion and provide evidence of such payment to the Regional Authority (RA) w...
By Atish Laddha
The Central Government has recently introduced the new Foreign Trade Policy 2015-20 (FTP) on with an aim to increase exports of merchandise and services from India from the current (F.Y. 2013-14) USD 465.9 billion to USD 900 billion by F.Y. 2019-20, and to raise India’s share in world exports from 2% to 3.5%.
By Deepak Suneja
Supplies against International Competitive Bidding (ICB) have been on the rise with several specified projects being awarded in the recent times. In Union Budget, 2015 itself, five ultra Mega Power Projects have been announced. Considering the importance of these projects and their contribution towards economic growth, the Government has given several concessions for supplies...
Indo- American Chamber of Commerce (IACC) will be organising a workshop on New Foreign Trade Policy & Export Procedures on 24 July, 2015 at ‘Hotel The Rain Tree’ in Chennai to guide exporters, importers, manufacturers and service providers.
Mr. R. Parthasarathy, Principal Partner and Country Head, Lakshmikumaran & Sridharan will address this workshop and answe...
Institute of Business Laws in association with Lakshmikumaran & Sridharan will be organising seminar on the new Foreign Trade Policy 2015-20 on 26 June 2015 in Pune
Exporters, importers, manufacturers using authorisations like Advance Authorisation or EPCG or DFIA, units in SEZ, and service providers using duty credit scrips and those intending to avail benefits under sc...
Institute of Business Laws in association with Lakshmikumaran & Sridharan will be organising seminar series on the new Foreign Trade Policy 2014-19 in September, 2014 to guide exporters, importers, manufacturers and service exporters.
These seminars will be held in 6 cities namely New Delhi, Mumbai, Chennai, Bangalore, Ahmedabad and Pune. In these seminars experts from Lakshmikumaran & Sridh...
In the Annual Supplement to India’s five year Foreign Trade Policy 2009-14, for facilitating and regulating exports and imports, many functional schemes have been relaxed to provide for more concessions to the exporters and importers. Certain important changes are:
3% Export Promotion Capital Goods (EPCG) scheme has been merged with zero duty EPCG scheme. Import of motor cars, SUVs, etc. by h...
The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing a seminar on 20th January, 2012 in New Delhi to guide exporters, importers, manufacturers and service exporters on Foreign Trade Policy and Export Promotion Schemes. This seminar is intended to discuss practical issues and difficulties faced by stake-holders while availing export promotion schemes as p...
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