IMPORT EXPORT CONSULTANCY FIRM

Digital Signature Certificate (DSC) is a legally recognised method of signing documents electronically. A digital signature is a type of asymmetric cryptography used to simulate the security properties of a handwritten signature on paper.

1. Class 1 Digital Signature:

Class 1 Digital Signatures are used for authentication of email communications.

2. Class 2 Digital Signature:

Class 2 Digital Signature are generally used for Company Registration, LLP Registration, filing authenticating electronic documents with Registrar of Companies, Ministry of Corporate Affairs (MCA), Filing Income Tax Return, Registration under Goods and Service Tax and Filing of Returns, Registration under Provident Funds and Filing of Returns etc.

3. Class 3 Digital Signature

Class 3 Digital Signatures are used for e-tendering and auctions and also for certain specific purposed as may be stipulated.

Directorate General of Foreign Trade (DGFT) is headed by Director General of Foreign Trade which is responsible for the execution of the Foreign Trade Policy (FTP) announced by the government from time to time for the regulation and promotion of foreign trade. DGFT acts as a “facilitator” to increase the exports from the inception of liberalization and globalization in 1991.

The following are the functions of DGFT:

(a) Implementation of Foreign Trade Policy

The FTP is implemented by introducing various schemes and guidelines through its network of 36 regional offices spread across the country. The DGFT is also responsible for issuing scrips and authorisation to exporters and monitoring their corresponding obligations.

(b) Granting of License for Import and Export

DGFT is the licensing authority for exporters, importers, and the export and import business.

(c) Granting of Importer – Exporter Code (IEC) number

It is the registration number, which enables Indian parties to deal in foreign trade. The IEC number is issued by the regional offices of DGFT.

(d) Regulation of transit of goods

DGFT permits or regulates the transit of goods from or to India in accordance with the bilateral treaties between India and other countries. DGFT has the power to prohibit, restrict and regulate exports and imports.

(e) Resolving export-related problems

DGFT or its regional offices attend to the problems and grievances of exporters. For speedy redressal of genuine grievances of trade and industry relating to policy and procedures, Grievance Committees have been set up in the regional licensing offices.

(f) Publications

DGFT is responsible for the publication of Foreign Trade Policy and Handbook of procedures, ITC (HS Code) Schedule-1 for Import items in India and Schedule-2 for Export items from India.

(g) Trade facilitator

DGFT also acts as a trade facilitator. It deals with the quality complaints of foreign buyers. Trade facilitation on the part of DGFT helps to promote Indian exports in the overseas markets. DGFT also introduces different schemes from time to time regarding trade benefits throughout the country.

WHAT WE OFFER:

Our company has amassed abundant expertise over the year in the field of DGFT Consultancy Services and provide very reliable service at the most competitive prices. Our DGFT Consultancy Services include the following:

Preparation of documentation to provide a hassle-free experience.

Availing of various Authorisations such as Advance and EPCG License, DFIA Authorisation, Special Purpose License for import of restricted goods, Custom Permits, Export Promotion Licenses, etc.

Availing of IEC Number.

Advisory Services on the selection and procedural aspects of schemes offered by DGFT.

Closure of Advance and EPCG Authorisation.

Compliance of rules and regulations of the Foreign Trade Policy by updating the clients with regular policy amendments.

Directorate General of Foreign Trade (DGFT) is headed by Director General of Foreign Trade which is responsible for the execution of the Foreign Trade Policy (FTP) announced by the government from time to time for the regulation and promotion of foreign trade. DGFT acts as a “facilitator” to increase the exports from the inception of liberalization and globalization in 1991.

The following are the functions of DGFT:

(a) Implementation of Foreign Trade Policy

The FTP is implemented by introducing various schemes and guidelines through its network of 36 regional offices spread across the country. The DGFT is also responsible for issuing scrips and authorisation to exporters and monitoring their corresponding obligations.

(b) Granting of License for Import and Export

DGFT is the licensing authority for exporters, importers, and the export and import business.

(c) Granting of Importer – Exporter Code (IEC) number

It is the registration number, which enables Indian parties to deal in foreign trade. The IEC number is issued by the regional offices of DGFT.

(d) Regulation of transit of goods

DGFT permits or regulates the transit of goods from or to India in accordance with the bilateral treaties between India and other countries. DGFT has the power to prohibit, restrict and regulate exports and imports.

(e) Resolving export-related problems

DGFT or its regional offices attend to the problems and grievances of exporters. For speedy redressal of genuine grievances of trade and industry relating to policy and procedures, Grievance Committees have been set up in the regional licensing offices.

(f) Publications

DGFT is responsible for the publication of Foreign Trade Policy and Handbook of procedures, ITC (HS Code) Schedule-1 for Import items in India and Schedule-2 for Export items from India.

(g) Trade facilitator

DGFT also acts as a trade facilitator. It deals with the quality complaints of foreign buyers. Trade facilitation on the part of DGFT helps to promote Indian exports in the overseas markets. DGFT also introduces different schemes from time to time regarding trade benefits throughout the country.

WHAT WE OFFER:

Our company has amassed abundant expertise over the year in the field of DGFT Consultancy Services and provide very reliable service at the most competitive prices. Our DGFT Consultancy Services include the following:

Preparation of documentation to provide a hassle-free experience.

Availing of various Authorisations such as Advance and EPCG License, DFIA Authorisation, Special Purpose License for import of restricted goods, Custom Permits, Export Promotion Licenses, etc.

Availing of IEC Number.

Advisory Services on the selection and procedural aspects of schemes offered by DGFT.

Closure of Advance and EPCG Authorisation.

Compliance of rules and regulations of the Foreign Trade Policy by updating the clients with regular policy amendments.

RODTEP
RoDTEP stands for Remission of Duties and Taxes on Export Products. It is a new scheme that is applicable with effect from January 1st, 2021, formed to replace the existing MEIS (Merchandise Exports from India Scheme). The scheme will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable. The scheme was brought about with the intention to boost exports which were relatively poor in volume previously.

The ICEGATE portal (Indian Customs Electronic Gateway) will contain the details regarding the credits availed by the exporter. At the port, the exporter must indicate in the shipping bill the details regarding the claim of the RoDTEP benefit with regard to a particular item of export and generate a credit scrip for it. These credit scrips are then used to pay basic customs duties, claim rebates or can be transferred to other importers, as the case may be.

ROSCTL
The Full form of RoSCTL is Rebate of State & Central Taxes and Levies (RoSCTL) Scheme. It is an export incentive in the form of transferable and sellable duty credit scrips offered on the basis of the FOB value of the export. It replaces the Rebate of State Levies (RoSL) scheme, a monetary incentive scheme under which Customs would deposit the rebate directly into the exporter’s bank account.

The benefits of Rebate of State Levies RoSCTL are available to exporters of readymade garments and made-ups for now. The scheme aims to help them cut high logistics and other costs and enable them to compete globally. An exporter can benefit from this scheme for all exports done after 1st April 2019. For exports made prior to this date, the eligibility criteria of the RoSCTL scheme would be applicable. The rebate for such exports was allotted out of the RoSCTL scheme fund, on exhaustion of which DGFT would issue scrips, but at RoSCTL rates.

MEIS
Under the FTP 2015-20, MEIS intends to incentivise exports of goods manufactured in India or produced in India. The incentives are for goods widely exported from India, industries producing or manufacturing such goods with a view to making Indian exports competitive.

MEIS covers goods notified for the purpose of the scheme. The incentives under the schemes are calculated as a percentage, which is 2%, 3% or 5% of the realised FOB (free-on-board) value exports in free foreign exchange or FOB value of exports as per shipping bills in free foreign exchange. The incentives are allotted through a MEIS duty credit scrip. The ‘free foreign exchange’ will include foreign exchange earned through international credit cards and other instruments allowed by the Reserve Bank of India (RBI).

EPCG
This is a Scheme that enables an importer (being an export-oriented business) to import capital goods at zero rates of customs duty. However, the scheme is subject to an export value equivalent to 6 times of duty saved on the importation of such capital goods within 6 years from the date of issuance of the authorization.

In simple words, there is a compulsion on the business to bring in foreign currency which is equal to 600 per cent of duty saved on such importation measured in domestic currency. This is to be done within six years from availing of the Export Promotion Capital Goods Scheme.

IGST Registration on ICEGATE

Integrated goods and services tax (IGST) would mean the tax levied under IGST Act on the supply of any goods and / or services in the course of inter-state trade or commerce.

Integrated GST shall also apply to import of goods and services into India. The basic ideology stipulates that any supply of goods or services in the course of import of goods or services into Indian territory shall be deemed to supply involving inter-state trade or commerce and hence liable to IGST.

For transactions that are look-alike of import transactions and export of goods and services, shall be deemed to be supplied in course of inter-state trade or commerce.

Interstate trade or commence will, therefore include :

Supplies made in the course of – Inter-state trade or commence

Import into Indian territory (deemed to be inter-state)

Export (deemed to be inter-state)

Thus, Integrated GST shall apply to inter-state transactions and import as well as export transactions (deemed to be inter-state transactions) relating to supply of goods and / or services.

(AUTHORISED DEALER) AD CODE
If you are an importer/exporter worried about managing all your billing-related data and filing online import and export-related documents and want all the information in one place, then you need to register under ICEGATE.
Being an exporter/importer comes with the enormous responsibility of having proper records and maintaining the same. Some importers/exporters have a large amount of data containing files of bills of lading, shipping bills, bills of entry and other documents.

ICEGATE, or Indian Customs and Central Excise Electronic Data Interchange or Electronic Commerce Gateway, is an online portal that helps easily manage these records. Every user gets a unique ICEGATE ID and password, which helps to keep all records private and intact.

Apart from maintaining all the records and preventing the entry of any non-registered user, ICEGATE is also helpful to the citizens to clear their taxes online without spending extra time on offline payment methods. If you are looking for someone to help you with your ICEGATE Registration, your search ends here.

If you are an importer/exporter worried about managing all your billing-related data and filing online import and export-related documents and want all the information in one place, then you need to register under ICEGATE.

Being an exporter/importer comes with the enormous responsibility of having proper records and maintaining the same. Some importers/exporters have a large amount of data containing files of bills of lading, shipping bills, bills of entry and other documents.

ICEGATE, or Indian Customs and Central Excise Electronic Data Interchange or Electronic Commerce Gateway, is an online portal that helps easily manage these records. Every user gets a unique ICEGATE ID and password, which helps to keep all records private and intact.

Apart from maintaining all the records and preventing the entry of any non-registered user, ICEGATE is also helpful to the citizens to clear their taxes online without spending extra time on offline payment methods. If you are looking for someone to help you with your ICEGATE Registration, your search ends here.