SAFTA stands for South Asian Free Trade Area and includes multiple countries – Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. The DGFT provides Indian exporters and importers with a SAFTA License, which is essentially a certificate of origin. The commercial invoice is supplemented by a SAFTA certificate to identify the nation … Read more
Gold is being imported to India for a very long time and in quite a large quantity. The reason is that gold is used in various customs, marriages, traditions as well as investments by the Indians. It is quite a valuable asset. Indians love investing in gold to have a good financial balance. The demand … Read more
According to a notification sent by the Indian government late on Friday, the export restrictions for sugar have been extended by one year, until October 2023. Due to a spike in local prices caused by record exports, the world’s largest sugar producer, India, imposed export restrictions in May that lasted until October 22, 2022. This … Read more
Special Chemicals, Organisms, Materials, Equipment, and Technologies, or SCOMET goods, are dual-use items that have both defense and commercial usage. Exports of commodities on the SCOMET list are subject to India’s Foreign Trade Policy. To export SCOMET, the exporter must first get an IEC Code and license from the Ministry of Commerce’s Directorate General of … Read more
Foreign Trade Policy (FTP) for 2015–2020 comprises the Merchandise Export from India Scheme (MEIS). To encourage more exports, the MEIS was established. Foreign merchants are compensated with duty credit scrips. The DGFT (Directorate General of Foreign Trade) notifies, and the Ministry of Commerce and Industry implements, the MEIS. What is MEIS? The government provides support … Read more
The act of purchasing and selling through the Internet is referred to as e-commerce (also known as digital commerce). This concept covers transactions where online activity is not the only component. A website may be useful in educating a customer about a good or deal that they may purchase offline. There is no disputing the … Read more
Small and Medium Enterprises (SMEs) have grown significantly in India during the past few years. . SMEs in India are aware of the fact that, in order to keep on top of the industry, their businesses must go outside their own country’s borders. But before you plunge into the deep end of the ocean, there … Read more
Good news for importers as there is the latest update for importing watermelon seeds. As per the latest updates, DGFT has launched a new notification for importing watermelon seeds. This article discusses the recent updates about DGFT grants unrestricted import status for watermelon seeds. What is “Free” or “Unrestricted” status in Import? The DGFT does … Read more
DGFT has issued the latest notification concerning the huge demand from traders regarding AD Code Registration. The government also claims this update will be beneficial for traders, and the government also claims it will facilitate trade and streamline the process. The latest update from DGFT is regarding only 1 AD Code Registration for all ports. … Read more
Historically, India has been a major exporter to the international market. Our Indian economy and GDP are growing at a quicker rate as a result of new laws in India that encourage exports. Furthermore, if you want to start export business in India, you can avail several benefits from the government after getting necessary registrations … Read more