Director General of Foreign Trade
In India Rules/Regulations are made for Export – Import in Foreign Trade Policy (FTP). Presently Policy is amended for the period for 2015-20.
Import – Export is governed by Directorate General of Foreign Trade. It is a Govt. Organisation responsible for framing all policies regarding exports and imports in India. At present Foreign Trade Policy 2015-20 is applicable.
For convenience of general public certain power of DGFT have been transferred to concerned Regional Licensing Authorities (RLA) who function in their regions.
All/ Any License/ application regarding export – import lies only to DGFT/ RLA.
Any person desirous of import-export has to first take Importer Exporter Code (IEC) from concerned RLA.
DGFT has announced certain promotional measures including Duty Exemptions for promoting export in India.
We may assist you in identify the promotional measure suitable for your product, prepare applications, documents requires and take all necessary steps in getting the benefit of such promotion measure.
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Law Exim is a group of professional people, having an experience in the related field for more than 20yrs, provide their services and can assist you with regard to DGFT licensing and legal matters.
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An Advance Authorisation is issued to allow duty free import of inputs, which are physically incorporated in export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts which are consumed/ utilized to obtain export product, may also be allowed. Under Advance authorization Scheme AAS, exporter can import raw-materials and related inputs under 100% duty exemption schemes. The importer has to approach DGFT who is the licensing authority under this category. Government fixes value addition as per the standard input-output norms. Once you fulfills the export obligation with the licensing authority, you can sell the manufactured products in domestic market. Would you like to add more information about this scheme – Advance Authorization Scheme for importers and exporters in India? Share your knowledge and experience below about Advance Authorization Scheme for exports and Importers in India.2018-02-20T16:56:28