Exim Expertize

20/11/2022

Understand the risk in documentation for foreign trade. Gains and losses of balanced, no worries, but better to reduce losses and increase gains.

13/02/2022

A new foreign Trade Policy is expected to be announced shortly! Hope it will reduce balance of trade with more encouraging steps to boost exports! Let's wait. A virtual meeting may also be organised after it announced.

28/01/2021

Anxiously waiting for new Exim Policy for next five year term. Shredding some and adding some. Let's wait.

09/09/2019

Five year term of current foreign trade policy is ending on 31/03/2020. Changes with no scope for ambiguity is expected. Clarity gives freedom to do business. Attitude and approaches have to be more friendly. Any steps that promote the concept of Ease of doing business are welcome

16/11/2017

http://www.cbec.gov.in/htdocs-cbec//Circular%20No.%2017-GST.pdf

03/07/2017

17/06/2017

Eagerly waiting for GST, the much awaited tax reform!

03/06/2015

03/06/2015

All IEC holders are advised to update their profile before 15th June 2015. Facility is made available at www.dgft.gov.in and click on IEC updation and do it. Digital signature is necessary. Henceforth no such updated documents are required to be submitted along with EPCG like applications. Please inform your exporter importer friends.

30/07/2014

Very recently an exporter visited me to understand the scheme and its pros and cons. He was intending to go under EPCG Scheme for capital goods import/purchase. He was informed of exemption from central excise duty if he could obtain an EPCG authorization duly invalidated for import by favouring the domestic supplier. He showed me the calculation wherein his notional customs duty was Rs.23.40 lakhs on a CIF value of Rs.90.00 lakhs. Of course it is a handsome figure. But his obligation, he feared, would be fixed at 6 times of notional duty saved amount plus his annual average and not on the real duty saved amount based on Central Excise Duty. If Excise duty is considered for the export obligation, it would be six times of Rs.9.00 lakhs and odd (export obligation could be Rs.54.00 lakhs) wherein he could enjoy logical equity. If he is under Cenvat, no physical benefit is accrued by him, still he is imposed an export obligation of Rs.140.40 lakhs (based on notional duty save amount). He may purchase with duty or under duty exemption, his accrual is some chronological entries of transactions with zero benefit!
The scheme also has a stringent condition of “lock-in period” till export obligation discharge certificate is issued. He shall not be allowed to sell the capital goods without permission from DGFT even if his entire project is put on sale.

12/05/2013

All are invited to visit our website.

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