Dgft Consultancy
Licenses & Authorisations.
Certificate of Origin
SCOMET.
Duty Exemption Schemes.
Incentive Schemes.
Deemed Export.
Schemes Advisory.
RCMC.
IEC Registration.
Licenses & Authorisations
In international trade, certain items are categorized as “Restricted” under the ITC(HS) Import Policy, which means their importation into India requires prior authorization. This legal requirement is governed by the Foreign Trade Policy (FTP) and is implemented to ensure that imports comply with national regulations, security measures, and trade agreements.
Before importing restricted items, businesses must obtain specific authorization from the relevant authority. This authorization is often referred to as an “Import License” or “Import Authorization.”
Importing restricted items into India requires prior authorization to ensure compliance with national regulations and international obligations. The authorization process involves submitting an application, obtaining approval from relevant authorities, and adhering to specific conditions set forth in the Foreign Trade Policy.
We also provide assistance in obtaining necessary authorizations under DGFT schemes such as but not limited to Advance Authorisation/DFIA/EPCG. Our services include guiding you through the application process, ensuring compliance with regulatory requirements, and securing the required approvals for various export and import schemes.
Certificate of Origin
We also provide assistance in obtaining necessary authorizations under DGFT schemes such as but not limited to Advance Authorisation/DFIA/EPCG. Our services include guiding you through the application process, ensuring compliance with regulatory requirements, and securing the required approvals for various export and import schemes.
SCOMET.
SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) refers to a regulatory framework in India under the Foreign Trade Policy (FTP) that governs the export and import of sensitive items. The SCOMET list includes goods and technologies that could have implications for national security, defense, or could be used in the proliferation of weapons of mass destruction.
SCOMET regulates the export and import of specific chemicals, organisms, materials, equipment, and technologies that are sensitive or have potential dual-use applications. Exporters dealing with goods which falls under SCOMET list must obtain specific licenses or authorizations from the Directorate General of Foreign Trade (DGFT) or relevant authorities before carrying out their business activities.
Duty Exemption Schemes.
Duty Exemption Schemes of the Directorate General of Foreign Trade (DGFT) are designed to promote exports by providing relief from customs duties on certain imports. These schemes aim to enhance the competitiveness of Indian exports by reducing the cost of raw materials, components, and capital goods required for manufacturing export products.
- Advance Authorisation/Special Advance Authorisation.
- Duty Free Import Authorisation Scheme (DFIA).
- Advance Authorisation for Annual Requirements.
- Advance Procurement/Replenishment/Authorisation for Gems and Jewellery.
- Export Promotion Capital Goods Scheme (EPCG).
Incentive Schemes.
Incentive schemes of the Directorate General of Foreign Trade (DGFT) are programs designed to encourage and support Indian exporters by offering various benefits and rewards in the form of scrips and otherwise. These schemes aim to boost export performance, enhance competitiveness, and increase the global presence of Indian products and services.
- Merchandise Export from India Scheme (MEIS).
- Service Export from India Scheme (SEIS).
- Rebate of State and Central Taxes and Levies (RoSCTL).
- Remission of Duties and Taxes on Exported Products (RoDTEP).
Deemed Export.
Deemed Exports refer to specific transactions in which goods supplied do not physically leave the country, yet the transaction is treated as an export for certain purposes under the Foreign Trade Policy (FTP). Deemed exports are eligible for certain benefits and incentives under the FTP, such as duty drawbacks, exemption from certain taxes, or other export-related benefits.
Schemes Advisory.
To provide expert guidance in comparing, analyzing, and selecting the most suitable DGFT incentive schemes based on the client’s business type, export requirements, and strategic goals.
RCMC.
The Registration Cum Membership Certificate (RCMC) is a certificate applied on DGFT portal that registers an exporter with a specific export promotion council (EPC) or commodity board. It is a mandatory requirement for businesses to avail of benefits under various DGFT schemes, including export incentives and subsidies.
IEC Registration.
Import-Exporter Code (IEC) is a unique 10-digit code now same as PAN of the firm issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for conducting import and export transactions. The IEC serves as a vital identification number for businesses involved in international trade.