Post by: Renu Suresh in Import - Export
Phytosanitary Certificate for Export The Phytosanitary Certificate (PSC) is an official document required for exporting/re-exporting plants, plant products, or other regulated articles. PSC is issued to indicate that the consignments meet specified Phytosanitary import requirements of importing countries. The Ministry…
Post by: Arnold Thomas in Banking Import - Export
Merchanting Trade Transactions – RBI Revised Guidelines The Merchanting Trade Transactions guidelines are revised and released by RBI periodically. The latest guidelines were released on 23rd January 2020, and this article provides details on the revised guidelines of RBI notification.…
Post by: Arnold Thomas in Government Initiatives Import - Export
Shellac Export Promotion Council India produces different kinds of non-timber forest and agricultural products abbreviated as NTFPs. It exports these products to various destinations on a global scale. The organization responsible for carrying out the export of these materials is…
Post by: Arnold Thomas in Import - Export
Procedure to Obtain Sanitary Import Permit As per the regulations by the Ministry of Agriculture, animal products importers in India must obtain a sanitary permit at the customs gate while importing meat and its products, eggs, milk products, pet food…
Post by: Arnold Thomas in Import - Export
Open General Export Licences (OGELs) The Hon'ble Defence Minister of India, Shri. Rajnath Singh has recently approved two Open General Export Licences (OGELs) for defense exports of specific components to selective countries. What is OGEL? The open General Licence is…
Post by: Arnold Thomas in Government Initiatives Import - Export News
Marine Products Export Development Authority In 1972, the Government of India (GoI) introduced Marine Products Export Development Authority (MPEDA) to diversify aquaculture, promote the marine product industry for exports, regulate exports of marine products, and ensure sustainability and quality in…
Post by: Arnold Thomas in Government Initiatives
Rebate of State Levies (RoSL) Government of India (GoI) has approved the Rebate of State Levies (RoSL) scheme to support the textile sector to boost increase the competitiveness among the global market and create new employment opportunities. Outline of RoSL…
Import eWay Bill While generating the e-way bill for outward supplies details like invoice number, date, quantity, the value of supply, tax, HSN code and consignee GSTIN etc. needs to be inserted. Again while preparing the return in form GSTR-1,…
Post by: Bennisha in Import - Export
Export of Goods Through Post The goods that are not prohibited or restricted for export as per FTP can be exported by post through specified Foreign Post Offices or Sub-Foreign Post Offices, or Export Extention Counters. The goods under the…
Post by: Bennisha in Import - Export
Provisional Assessment of Import Export Once the Bill of Entry or the Shipping Bill comprising all the relevant information/ details and all the appropriate documents are submitted, the duty leviable on the imported goods and exports will be assessed by…