We have started a new video series called “iiiEM Newsletter”.
In which, you will get all the latest weekly news update regarding export-import business. Do like share and comment if you like this video.
Message: 1 AA & EPCG applications Pls refer to Circular no. 21/2015-20 date -11/03/2019.
Message: 2 Get Advance Authorisation on a self-declaration basis without Norms Committee. See Para 4.07A of FTP & Trade Notice No. 10/2019-20 date – 09/05/2019. Become an AEO i.e. Authored Economic operator which provides for faster export/import clearances.
Message: 3 RCMC data should be available on DGFT server. Exporter must query on dgft website and get it updated from your Export Promotion Councils. Export benefits can be denied if old or no information is available with us.
DGFT is going to revise current foreign trade policy and handbook of procedure 2015-20. Therefore, they have invited suggestions and inputs for framing the proposed new foreign trade policy 2020-2025
You can send the same on the email address to “email@example.com”,
1. CBIC has enabled Central Excise and Service Tax Duties payment collection from ICEGATE via NEFT/RTGS. The payment module can be accessed from www.cbicpay.icegate.gov.in. Please click here for detailed advisory.
2. (Central Board of Indirect Taxes& Customs)
Subject:–IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases-
[At G-20 SUMMIT at OSAKA JAPAN on 28.6.2019]
1. Our Prime Minister meets South Korean President, discusses ways to enhance trade ties,
The main focus of discussion was to shift the country’s trading from the west neighbours to the South East Asian countries.
2. Indian Prime Minister, US President agree to facilitate early meeting of Commerce Ministers to sort out trade disputes,
Indian Prime Minister and US President expressed their concerns over the ‘bilateral trade disputes’ i.e. “very high” tariffs levied by India on American goods, and agreed for an early meeting of their Commerce Ministers to sort out the issues,
3. About withdrawl of export incentives:
USA has this by seeing only one side, but there are some other facts in WTO & GATT i.e. The General Agreement on Tariffs and Trade (GATT) . PM said Trade talk can’t overtake national interest.
India US China Trade tension is inviting 250 usa companies to shift their manufacturing from china to india.
4. INDIA, INDONESIA SET USD 50 BILLION TRADE TARGET BY 2025
Prime Minister on 27th June held wide ranging talks with his Japanese PM on the global economy, issues of economic offenders and disaster management
President of FIEO has said that exports will touch trillionfrom current USD535 billion in the next three years
India and Brunei recently reviewed the entire of bilateral Agreement and resolved to step up trade and investment in the area of energy, health and pharmaceuticals, higher education and agricultural sectors.
[Banking & GST]
DGFT: MEIS OFAC Iran
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