Foreign Trade Policy
Foreign Trade Policy provides for the Policy Framework for imports into and exports out of India
Various export incentive schemes and concessional import duty regimes for specified purposes are available
Licenses, approvals and procedures for imports into and exports out of India are required in many instances
Duty Credit Scrips – Export Incentives
- Assistance in various export incentive schemes such as under Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), Duty Drawback etc. and concessional import duty regimes for specified purposes.
- Obtained over Rs. 100 Crores worth of Scrips for Clients and had them monetized.
- Registration of Scrips at various Customs Ports
Advisory and Assistance
- Examination of policy framework for imports into and exports out of India in terms of restrictions and conditions to be followed depending upon the nature of product to be imported and/ or exported such as obtaining certificates from designated authorities, intimations to be provided, etc.
- Preparing applications and obtaining the requisite permissions and licenses as well as duty credit scrips as per the provisions of the policy
- Advise on schemes such as Advanced Authorization, Export Promotion Capital Goods, Duty Drawbacks, and Deemed Export etc.
- Advise on concessional duty rates available on import of specified goods from various countries with whom India has entered into a Free Trade Agreement (FTA) thereby leading to substantial savings
- Advise on the implications arising out of shifting entire operations to a bonded warehouse considering the overall objective of the business. Advice include the setting up of business in Free Trade Warehousing Zones (FTWZs), Special Economic Zones (SEZs), Software Technology Parks of India (STPIs) and Export Oriented Units (EOUs)
- Analysis of comparative benefits and assistance in setting up of STP/ EOU/ SEZ units and carrying out operations in such units
- Redemption of licenses and authorizations from Directorate General of Foreign Trade (DGFT) and releasing of bonds and bank guarantees from relevant customs authorities along with advise towards the fulfillment of Export obligation (EO) and other procedural aspects of the policy
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