India, as a responsible player in the global trade community, has built a strong export control regime to protect sensitive goods, technologies, and materials from being misused or diverted to unwanted ends. Underpinning this regulatory environment is SCOMET-a central compliance instrument that all exporters handling dual-use or strategic items need to grasp and comply with....
What is ICEGATE? Indian Customs Electronic Gateway (ICEGATE) is the national portal of Indian Customs governed by the Central Board of Indirect Taxes and Customs (CBIC). It is an online portal that provides e-filling services to the Trade, Cargo Carriers and other Trading Partners electronically. Presently 304,894 users are registered with ICEGATE. ICEGATE is a...
Understanding e-BRC: A Vital Document for Exporters An Electronic Bank Realisation Certificate (e-BRC) is an essential digital document for export businesses. Issued by a bank, the e-BRC serves as confirmation that the exporter has received payment from the buyer for the exported goods or services. The details provided in the E-BRC or BRC are important...
Hello Friends, As you may be aware, DGFT has reclassified the import of laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers falling under HSN 8741 from “Free” to “Restricted” category. This move has been undertaken to promote domestic manufacturing. This means that now the import of these products into India will require...
In this blog, we will discuss an important aspect of export trade, which is IGST (Integrated Goods and Services Tax) Refund from Customs. Understanding GST (Goods and Services Tax) refund in export trade is crucial for both new exporters and existing ones. As you may know, there are two ways to execute an export shipment:...
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