DGFT MATTERS

Directorate General of Foreign Trade (DGFT) organisation is an attached office of the Ministry of Commerce and Industry and is headed by Director General of Foreign Trade. Right from its inception till 1991, when liberalization in the economic policies of the Government took place this organization has been essentially involved in the regulation and promotion of foreign trade through regulation. Keeping in line with liberalization and globalization and the overall objective of increasing of exports, DGFT has since been assigned the role of “facilitator”. The shift was from prohibition and control of imports/exports to promotion and facilitation of exports/imports, keeping in view the interests of the country.We offer services like IEC, EPCG, MEIS etc.

Services:

1. IEC

What is IEC

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

Consequent upon introduction of GST, IEC being issued is the same as the PAN of the firm. However, the IEC will still be separately issued by DGFT based on an application. The nature of the firm obtaining an IEC may be any of the follows- Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, Society.

Who can apply for IEC

IEC may be applied on behalf of a firm which may be a Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, Society. Firm must have a PAN, bank account in the name of the firm and a valid address before applying. Address may be physically verified by the DGFT on issuance of the IEC

2) EPCG

What is Export Promotion Capital Goods (EPCG) Scheme

objective of the Export Promotion Capital Goods (EPCG) Scheme is to facilitate import of capital goods for producing quality goods and services and enhance Indian manufacturing competitiveness. EPCG Scheme allows import of capital goods for pre-production, production and post-production at zero customs duty. Capital goods imported under EPCG for physical exports are also exempt from IGST and Compensation Cess up to 31.03.2020. Alternatively, the exporter may also procure Capital Goods from domestic market. Capital goods for the purpose of the EPCG scheme shall include:

Capital Goods as defined in Chapter 9
Computer systems and software which are a part of the Capital Goods
Spares, moulds, dies, jigs, fixtures, tools & refractories
Catalysts for initial charge plus one subsequent charge

EPCG scheme covers manufacturer exporters with the or without supporting manufacturer(s), merchant exporters tied to supporting manufacturer(s) and service providers.

Services

Freight Forwarding
Custom Clearance
BIS CERTIFICATION
ISI MARKING
WPC CERTIFICATION
LEGAL METROLOGY (LMPC)
EPR CERTIFICATE
FSSAI LICENCE
DRUG LICENCE
CDSCO
DGFT Matters

DGFT Matters