In this blog, we will cover a very important topic which is mostly ignored & overlooked by many of the exporters i.e. what are the compliances to be followed after taking an EPCG Authorization/Licenses so that the company does not attract any unwanted penalties from the Government department. Watch this short introductory video on...
APPLICATION TYPES UNDER ADVANCE AUTHORISATION SCHEME / TYPE OF NORMS Advance Authorisation Scheme (AAS) or Advance License Scheme is a type of duty exemption scheme introduced by the Government of India under the Foreign Trade Policy 2015-2020. Under this scheme, exemption from the payment of import duties is given to raw materials/inputs required for the...
The Merchandise Exports from India Scheme (MEIS) is a duty-free scheme for export of goods manufactured in India. It was launched on 1 April 2015. The scheme is applicable to all types of goods, except prohibited and restricted items, as listed in Schedule I and II of the Foreign Trade Policy 2012-2015. Merchandise exports from...
What is RoDTEP Scheme? The RoDTEP (Remission of Duties and Taxes on Export Products) came in effect from 1st January 2021 by replacing the earlier scheme MEIS which was not compliant with WTO norms. The newly launched RoDTEP Scheme is WTO compliant policy, the exporters can get the refund of all embedded duties/taxes on...
What is a Certificate of Origin (CoO) for export? A Certificate of Origin is the document that declares that goods in the export shipment are manufactured or produced in a particular country. The nationality of the product is mentioned in the certificate of origin. The Customs officials require the Certificate of Origin (CoO) for...
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