Phytosanitary Certificate for 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…

Merchanting Trade Transactions – RBI Revised Guidelines

Merchanting Trade Transactions – RBI Revised Guidelines The Merchanting Trade Transactions guidelines are revised and released by RBI periodically. The latest guidelines have been released on 23rd January 2020 and this article provides details on the revised guidelines of RBI…

Shellac Export Promotion Council

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 organisation responsible for carrying out the export of these materials is…

Sanitary Import Permit

Procedure to Obtain Sanitary Import Permit As per the regulations by the Ministry of Agriculture, it is mandatory for the animal products importers in India to obtain a sanitary permit at the customs gate while importing meat and its products,…

Open General Export Licences

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 defence exports of certain components to selective countries. What is OGEL? The open General Licence is…

Marine Products Export Development Authority

Marine Products Export Development Authority In 1972, Government of India (GoI) introduced Marine Products Export Development Authority (MPEDA) to diversify aquaculture, promote marine product industry for exports, regulate exports of marine products, ensure sustainable and quality in the production of…

Rebate of State Levies (RoSL)

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

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,…

Export of Goods Through Post

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 claim…

Provisional Assessment of Import Export

Provisional Assessment of Import Export Once the Bill of Entry or the Shipping Bill comprising of all the relevant information/ details along with all the appropriate documents is submitted, the duty leviable on the imported goods and exports will be…