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1. Introduction

In order to fulfil the long - felt need for a leaflet giving guidelines and practical help both to new comers and those established in the export import trade, we have made an attempt here to bring a detailed step approach to problems and procedures one has to go through in the export-import field

We are rendering our services sincerely, effectively and satisfactorily since last 45 years in the field of Exports, Imports an Industries from tiny units to trading house. Several small units are now enjoying Export/Trading House status and winning prestigious Govt Export Awards because our consultancy by far has proved to be as modern as Digitial computersand as traditional as temple due to our systematic and upto date working ideas on result and revenue oriented schemes at resonable remmunneration

We have been liasioning with several Central as well as States Govt.partments viz. Director General of Foreign Trade (DGFT), Secretariat of Industrial Approvals(SIA) in the office of Ministry of Industry (MOI), Reserve Bank of India (RBI), Central Board of Excise & Customs (CBEC), Dept. of Tourism, Ministry of Industry of States for Small Scale Industries (SSI).
Expertise Through
Experience

Liberalised Export-Import Policy, Competitive World Markets & widening scope for export growth are challenges to Export Import trade. If you want to meet the challenge for progress, allow us to assist you. Our speciality of consultancy lies in the field towards obtaining you the extra benefit at no extra cost.

As the govt. is interested in boosting exports, necessary guidelines are being revised from time to time. It may be a gem of an idea if you consult us to have specific guidelines, as we have almost everything you need.

On board with us is a team of experienced Senior bankers, leading finance experts, Exports-Import Executives well versed in international trade & business. They bring with them a wealth of experience to help address the problems of growth in your business with competitive trade terms.

In the current competitve environment, where efficiency and speed are vital, Export & Import order with matching finance are hard to come by, We are sure you will find our services useful to your business. This booklet will provide you with basic information about us, our services & its modalities. We shall be delighted if you could visit our website or write / call / fax / email to us for the discussion.

Look forward to rendering our beneficial services to your organisation.

Yours Sincerely,
 

Gunvantray v. parekh
Impex Solution
Bharat Parekh
Tel : 2345 38 38 & 2346 38 38 Fax : 91 22 2345 3737 M : 9820034262
Email : impexsolution@vsnl.net

 

Foreign Trade HelpDesk - Your Online Exim Consultant

Any query on Indian Foreign trade related issues? Get Free Advise
Infodriveindia introduces the first-of-its-kind online Foreign Trade HelpDesk to answer your queries on any issue related with Indian Foreign Trade.

Backed by a pool of well qualified, mission-critical experts, this customised service will answer your queries in the most comprehensive manner. Be it related to procedural hurdles or compliance of formalities, tariffs & duties or legal counseling… Just let us know the specific requirement(s). And you will be recommended with the most viable solution to mitigate your problem.

Coming Soon : Complete End to End Solution - including advise , liaison & representation of your cases at various levels of Departments Concerned.

   
  Questions on following Areas will be answered
  •  Customs
  •   Excise
  •  DGFT
  •  RBI
   

 

 

2. Advance Import Licence 100% duty free
1) Scope
Under the Advance Import Licence scheme, an exporter can either obtain Duty-Free import from foreign countries or can acquire from indigenous sources the Raw Materials, Intermediates, Components, Consumables, Parts, Accessories, Packing Materials, Computer Softwares etc. required for direct use in the product to be exported for fulfilling an export order.
MORE ECONOMICAL MORE BENIFICIAL
2) Eligibility
All Manufacturer-Exporters and Merchant Exporters including Exporters of Deemed-Exports and intermediate manufacturers, can opt for 100% Basic Duty Free Advance Licence with/without Additional Import Duty (CVD).
A) Application should be made before actual export shipment.
B) Export Shipments can be made before receipt of Advance Licence. Prior Imports, (in full/part), ie. before making any export shipment, is also permissible.
C) THIRD PARTY exports is also allowed.
3) Import duty
No Import Duty is payable under specific cases i.e. 100% Duty Free.
4) Utilisation
100% Basic Duty free Advance Licences and goods thus imported against said licences are freely Transferable / Saleable to any person/firm/company, if issued, without any Actual user Condition.
5) Benefits
Licence is transferable, if issued, without any Actual User Condition. Income-tax exemption on Premium earned upon transfer of Advance Licence as per prescribed I.T. Rules.
More opportunities of Export could be seized as inputs could be obtained / available at an international price or premium could be earned upon transfer of Advance Licences.
You are welcome to contact us for further details to avail the benefits of 100% Basic Duty Free Advance Licence.
6) Export Obligation Period
The Export Obligation Period under Advance Licence has been enhanced from 12 months to 18 months and similarly the validity of Advance Licence has also been enhanced from 12 months to 18 months, hence the exporter gets more time of export and import.
7) Revalidation and Extension of Export Obligation Period
Incase the exporter is not able to complete exports even in this enhanced period, provision has been made for extension of export obligation period by Regional Licensing Authority to the extent of 6 months on payment of penalty @ 1% of unfulfilled export obligation value. This will also provide an incentive to the exporter to complete export obligation within the extended period of validity of advance licence.

3. Approval or permission from RBI
Foreign Exchange still being the scarce & precious commodity under present environment, Govt. of India selectively restricts the movement of the same. Therefore, specific permission / approvals are required from RBI. Our deep knowledge and experience with RBI could bring approvals / permission expeditiously.

 

4. Avail 9% (Nine) RBI Relief Bonds (Tax Free Bonds)

In the scenario with share market bitten by the scam, with some banks compelled to down their shutters, with company fixed deposit stopping the payment of interest, and the mutual funds being burdened by allegations of fraudulent practices, the exasperated investor is faced with the single problem as to where he should keep his hard earned investible funds.
The investment in 9% RBI Relief Bonds (Tax Free Bonds) is not affected by any such outside stresses and strains. The investment is safest irrespective of ups and downs in financial market.
DEDICATED TO YOUR FUTURE AS WE NEVER BETRAY YOUR CONFIDENCE

1.Rate of Returns
9% tax free payable half yearly of compounded with half yearly rests and payable on maturity.

2. Limit of Investment
Minimum Rs. 1000/- Maximum : No Limit.

3. Maturity Value
The Maturity Value of Bonds shall be Rs. 1553 for every Rs 1000/- in 5 years.

4. Liquidity
After 5 Years as per the terms of Bonds.

5. Tax Benefits
A. Interest is totally exempted from Income Tax
B. Interest is fully exempted from Wealth tax

6. Extra Benefits
A. The Bonds may be held by individual/jointly including NRI.
B. The Bonds may be pledged with banks for the purpose of obtaining advances.
C. The Bonds are tranferrable by endorsement.
D. Nomination facility is available.
E. Gifts of the Bonds made by an initial subscriber will be exempted from gift tax subject of Rs. 5 Lakhs in the aggregate in one or more years.
F. Subscription to Bonds will be in the form of Cash/draft/cheque or matured Relief Bonds standing in the name of applicant.

5. Approval of 100% Export Oriented Unit (EOU)/Export Processing Zone (EPZ)
BRING THE BEST FROM THE WORLD TO OFFER THE BEST TO THE WORLD

In order to encourage uninterrupted exports, the govt hs been allowing the units to set up as 100% EOU/EPZ for the purpose of manufacturing goods for exports. Such units may be set up in Export Processing Zone or outside EPZ. EOU can be set up anywhere in the country.
Facilities and incentives for EOU/EPZ

A. EOU/EPZ units can import industrial inputs free of all custom duty.
B. Second Hand Capital Goods / Equipments can also be imported.
C. 100% Foreign Equity is welcomed in EOU/EPZ units.
D. Leasing of Capital Goods from domestic / Foreign leasing companies.
E. EOU/EPZ units can raise foreign currency loans, subject to certain conditions.
F. FOB Value of Exports of EOU/EPZ are allowed to be clubbed with that of parent / associate companies located in the domestic tariff area (DTA) for the purpose of getting Export House Status.
G. EOU/EPZ units are exempted from the payment of central and state sales tax.
H. Supplies from the Domestic tariff area to EOU/EPZ units are considered as deemed exports and are Hence exempted from payment of Excise duty which means that high quality inputs are available at lower cost.
I. EOU/EPZ units may export goods through Export Houses.
J. DTA Sale allowed, subject to conditions.
K. Revision of value addition formula.
L. Facility for Trading, Re-export after labelling, repacking, repairing reconditioning
M. Private Bonded Warehouse to facilitate imports, Warehousing without payment of duty.

6. Award for Export Performance

Our Consultancy shall certainly act as catalyst for boosting your export performance to enable you to win prestigious Export Awards as well as for Recognition as Export House & Trading House. We also make application for claiming Awards from different Central & State Govt. Agencies.
WE TURN OPPORTUNITIES INTO ACHIEVEMENTS

 

7. Cases of Non-Beneficial exports effected under Free / DEEC Shipping Bills
MAX BENEFIT AT MIN COST

Exporter effecting their exports under free Shipping Bill are not entitled for any benefits. Exports effected under DEEC Scheme also sometimes do not bring any benefits. Such cases may be referred to us.

8. Capital Goods Import Licence for Used / Second Hand Plant & Machinery

All Used / Second Hand Plant & Machinery have been restricted for imports and to be imported against Specific Import Licence only subject to Payment of Duty. We may be approached with Justification for import alongwith Catalogue / Pamphlet & Manufacturing Licence.
ACCESS TO MODERN MACHINES

 

9. Capital Goods New @ 0% or 10% Import Duty under EPCG Scheme
PROSPERITY THROUGH INDUSTRY


New Capital goods can be imported with a licence under the Export Promotion Capital Goods (EPCG) Scheme by all manufacturer or merchant exporter and service providers like Hotels, Hospitals, Air Cargo Complexes etc Capital Goods can be imported at a Concessional rate of Customs Duty according to the conditions stated in the table.

The export obligations shall be on FOB basis. However in the case of Zero duty imports, the licence holder may opt for fulfillment of the export obligation by exporting 5 times the CIF value of the capital goods/machineries on NFE Basis or 6 times CIF Value of Capital Goods on FOB basis within a period of 8 years from the date of issue of licence.

For the first time the facility of import of capital goods is totally duty free i.e with zero duty under the EPCG Scheme, has been extended to agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, virticulture, poultry and sericulture products.

EPCG scheme has been further liberalised by reducing threshold limit from Rs. 20 crores to Rs. 1 Crore for Import of Capital Goods at zero duty by sector like electronics, food processing, garments, leather, sports goods, gems and jewellery and agriculture and allied sectors.

CUSTOM DUTY
EXPORT OBLIGATION
PERIOD
FOB BASIS NFE BASIS
Zero Duty (In case CIF value is Rs. 1 cr. or more) 6 times CIF value of capital goods 5 times CIF value of capital goods 8 Years
10% 4 times CIF value of capital goods Not Applicable 5 Years

a) Zero duty in case CIF value is Rs. 1 Cr. For electronics, food processing textiles, plastic leather, sports goods, gem & jewellery sectors & produce & products of agriculture, aquaculture, animal Husbandry, floriculture, horticulture, pisciculture, virticulture, poultry, sericulture.

Bio-technology sector, the following sub-sectors of the Engineering sectors; Machine tools, parts & accessories thereof; automotive components & accessories; bicycle parts & accessories; handtools, cutting & small tools; casting & forgings (ferrous & non-ferrous) all sorts; pumps, electric motors & parts thereof; fasteners all types (ferrous & non-ferrous); bright bars & shafting; scientific & surgical instruments & the following subsector of chemicals; Drug & drug intermediates, Dyes and Dyes intermediates, inorganic chemicals, organic chemicals

6 times CIF value of capital goods 6 times CIF value of capital goods 6 years
b) Zero duty incase CIF value is Rs. 10 lakhs or more for software sector 6 times CIF value of capital goods 5 times CIF value of capital goods 6 years

10. Deemed Exports & Special Import Licence

Deemed Exports means those transactions in which the goods supplied do not leave the country and the payment for the goods is received by the supplier in India. Following supplies can be treated as Deemed Exports.
DOING BUSINESS IN INDIA AGAINST GLOBAL TENDER


A.
Supply of Goods against Licences issued under Duty Exemption Scheme.
B. Supply of Goods to units located in Export Processing Zone (EPZ) or Export Oriented Unites (EOU) or Software/Electronic Hardware Technology Parks (STPs) or (EHTPs)
C. Supply of capital goods to holders of licences under the Export Promotion Capital Goods (EPCG) schemeD. Supply of goods to projects financed by multilateral or bilateral agencies / funds as notified by the Dept. of Economic Affairs, Ministry of finance under International competitive bidding or under limited global tender system in accordance with the procedures of those agencies / funds where the legal agreements provide for tender evaluation without including the custom duty.
E. Supply of capital Goods and spares to the extent of 10% of the FOR Value to fertilizer plants if the supply is made under the procedure of International Competitive bidding.
F. Supply of goods to any project or purpose in respect of which the Ministry of Finance, by a notification, permits the import of such goods at Zero custom duty coupled with the extension of benefits
G. Supply of goods to the power, Oil and Gas Sectors including Refineries not covered in (f) above. Deemed Export facilities have been extended to oil and gas sectors. Incase of fixation of brand rate of drawback under deemed exports, the provisional payment to the extent of 75% of claimed amount incase of private companies and 90% in the case of Public sector undertakings shall be given instantly pending fixation of brand rate.
H. Supply of marine freight containers by 100% EOU (Domestic Freight containers manufacturers) to Shipping companies including shipping corporation of India provided the said containers are exported out of India within 6 months or such further period as permitted by customs.
I. Supply of goods to Talcher-II and Talcher-II Transmission projects and Sasaram HVDC East-North Interconnector project
K. Domestic manufacturers supplying against EPCG licence shall be entitled for deemed export drawback. Incase of supply of Zero duty licence holder, the supplier can import raw materials duty free under special imprest licence

Benefits

(a) Special Imprest Licence/Advance Intermediate Licence
(b) Deemed Exports Drawback Scheme
(c) Refund of terminal excise duty
(d) Special Import Licence at the rate of 6% of the FOR value (excluding all taxes      and levies)

 

11. Disputed Problems
WE READ THE POLICY ALPHABETS FOR YOU
Export marketing is a complex activity compared to domestic selling,. Exporters should therefore have the required kowledge of the rules ad regulations relating to export control, Customs/DGFT/Excise/Industry .RBI etc.but still if any question or doubt arises in respect of the interpretation of any provision contained in the policy. It may be a good idea to consult us to have specific guidelines.

 

12. Duty Drawback claim and Fixation of Brand Rate
The Govt.. has fixed drawback rates for many of the items. The rates are revised from time to time according to the change in excise and custom duties. The drawback represent a refund of non remitted excise and custom duties on inputs used in the manufacture of export products. In order to be eligible for drawback benefits, the exporter should export the goods under drawback shipping bill.
REFUND OF ALL DUTIES

The Triplicate Copy of shipping bill should be clearly superscribed "Drawback claim Copy" on this copy, the exporter should give apart from the usual details,
The following particulars should be given on this copy


1. Description of Goods
2. Sub serial number of the drawback schedule.
3. Rate at which drawback is claimed
4. Name of the Bank and Branch Nominated for receipt of Drawback amount
5. Account Number to which the drawback amount may be sent

Fixation of Brand Rate

The drawback can be fixed or revised in the following type of cases -

A. Where the amount or Rate of Drawback has not been determined .
B. Where the amount or Rate of Drawback determined is low.
C. Deemed Export facilities have been extended to oil and gas sectors. Incase of fixation of brand rate of drawback under deemed exports, the provisional payment to the extent of 75% of claimed amount incase of private companies and 90% in the case of Public sector undertakings shall be given instantly pending fixation of brand rate.
D. Where no All Industry Rate of Drawback is available or the same is less than 4/5th of the duties paid on the materials or components issued in the production or manufacturer of the said goods, the exporter may apply for fixation of brand rate.

13. Duty Entitlement Pass Book (DEPB) Scrip against Exports
DUTY SAVED IS DUTY EARNED FOR IMPORT OF ANY ITEM AGAINST EXPORT OF ANY ITEM

The objective of Duty Entitlement Pass Book (DEPB) Scheme is to neutralise the incidence of basic custom duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product. The credit under the DEPB Scheme is given as an incentive to exporters. The incentive is not paid as money to the exporter but can be used to offset his duty on future import.
A. Both Merchant and manufacturer Exporters are eligible for DEPB Scheme.
B. The Value of the passbook is not import entitilement, it is custom duty credit
C. Any item except those appearing in the negative list of imports shall be allowed to import.
D. DEPB Scheme is operated only in case where DEPB rate are notified / fixed by Ministry of Commerce
E. DEPB credit is available on percentage of FOB Value of Exports
F. Export for which payment are not received in freely convertible currency DEPB is not allowed.
G. Application fee is Rs. 5/- per thousand for Duty Entitlement Credit
H. DEPB is valid for 12 months. No revalidation is allowed.
I. Post Export DEPB is Transferrable & Pre Export DEPB is non transferrable.
J. No deemed Export facility allowed.
K. Export is made in Blue Colour Shipping Bill.
L. No Exchange Control Copy of DEPB is required as it is required for Custom purpose only.
M. Duplicate DEPB is not issued incase of loss of Original DEPB.
N. Third Party Exports are also admissible for grant of credit under DEPB.
O. Credit entitlement under DEPB Schemes come to 15% or More the amount of credit against each such export shall not exceed 50% of the Present Market value (PMV) of the export product.
P. Application can be made upon Consolidating all shipments of a particular period upon realisation of Export proceed (Max 25 Shipping Bills) single port registration from which export has been effected.
Q. Since there is no restriction on the nature of goods to be imported under DEPB Scheme, goods which are being imported can be cleared under DEPB and the exemption of 4% Special Additional Duty of Customs can be availed.
 

14. Export House Recognition Certificate on Physical Exports of Goods
SOARING TO NEW HEIGHTS IN PERFORMANCE


The Scheme for registration and recognition of export/trading houses are intended to strengthen the negotiating capacity in the foreign trade and to build up enduring relationship between them and their supporting manufacturer.

It is likely that you may be entitled to get a recognition as Export/Trading House Certificate on the basis of your export performance during the preceding one or three licensing years from 1st April to 31st March.

The Conditions for grant of eligibility certificate and the special facilities granted to export/trading houses are stated below on the basis of FOB / NFE realised in freely convertible currencies.
PERIOD APRIL TO MARCH 1999-2000
TYPE OF FOB FOB NFE NFE CLASS OF EXPORTER
STATUS 96-99 98-99 96-99 98-99 MFR. / MERCHANT
EH 4 6 3.33 5 MANUFACTURER
TH 20 30 16.66 25 MANUFACTURER
EH 6 9 5 7.5 MERCHANT
TH 30 45 25 37.5 MERCHANT
PERIOD APRIL TO MARCH 2000-2001
TYPE OF FOB FOB NFE NFE CLASS OF EXPORTER
STATUS 97-00 99-00 97-00 99-00 MFR. / MERCHANT
EH 5 7.33 4 6 MANUFACTURER
TH 25 37.33 20.66 30 MANUFACTURER
EH 7.5 11 6 9 MERCHANT
TH 37.5 56 31 45 MERCHANT

Please send us your Past Export Performance for the years 1996-97, 1997-98, 1998-99, 1999-2000 showing FOB Value in Rs. of each product exported during each year as per following format, stating if you are a Merchant-Exporter or Manufacturer Exporter.

Sr.
No
Licensing
Year
Product Wise
Description
Country
Wise
FOB Value
of Exports
A 1.4.96 to 31.3. 1997      
B 1.4.97 to 31.3. 1998      
C 1.4.98 to 31.3. 1999      
D 1.4.99 to 31.3. 2000      

Upon examination of your previous export performance. We shall inform your good selves about the possibility of becoming an Export & / or Trading House.

Benefits
Following benefits are available to Export Houses / Trading Houses :

1. Transferable special import licence

a. The Licence shall be issued against your past Export Performance. No separate Export Performance is required for issue of Special Licence.
b. Several items of imports including Consumer Goods & Car are allowed for Import.
c. No Bank Guarantee is required on prior imports under Advance Licences & DEPB.
d. Expeditious assessment of Bills of Entry and Shipping Bills by Customs on priority basis.
e. Enhancement of annual credit limits by Bank on priority basis.
f. Securing ECGC Covers.
g. Complete exemption from pre-shipment inspection as per Policy.

IMPORTANT
The last date for submission of application for all types of Export House/Trading House Recognition is 30th November or as extended.

 

15. Export of Bulk Indian Agro Products under Negative List
1. All Export products under Negative list are eligible under this Scheme and can be availed by any Registered Exporter.
2. Substantial Demand abroad for All Variety of Indian Pulses including flour made therefrom
All Variety of Indian Pulses including Flour Made Therefrom
A. Moong Dal
B. Urad Dal
C. Masoor Dal
D. Tur Dal
E. Gram / Gram Dal
F. Val / Val Dal
G. Moth
H. Besan (Gram Flour)
I. Chori / Chora
J. Rajma (Red Kidney Beans)
K. Lobiya (Black Eye Beams)
L. Papdi
GREAT DEMAND IN ABROAD FOR INDIAN PULSES

CEREALS
Following items are covered under Export Licence

Bajra
Wheat
Jowar
Maize

 

16. Excise Refund
Manufacturing Units having predominant exports can encash their excess Modvat. Such cases may be refered to us.

17. Financial Assistance Schemes for Agro Products

AGROEXPORT DEVELOPMENT FINANCE
The operational aspect of the policy have the twin objectives of ensuring necessary checks and balances for effective utilisation of various incentives and finance facilities on the one hand, and to bring about export on the other hand. Financial Assistance is provided to the exporters under Various Schemes approved by Ministry of Finance.

 

18. Finance for Pre-Post Shipment Factoring-Forfaiting

We will arrange to finance against your export receivables. This facility is available when you sell to your buyers on credit terms from 30 days to 120 days. In Domestic factoring, we will purchase your invoices accepted by your customers and offer pre-payment finance against them in association with reputed International companies and Banks.
CONVERT CREDIT SALE TO CASH SALE

19. Fixation of Norms for Advance Licence / DEPB
FIX YOUR TARGET FOR A SECURE FUTURE

 

In order to derive Maximum export benefits suitable for your export product, it is advisable to get the specific norms approved from Ministry of Commerce, new Delhi. as Licensing Authority issues only 2 Duty Free Licences where I-O Norms are not fixed. The restriction of two licences may create the following problems.

a) Exports under two licences may not be adequate to fulfill or establish long term input-output requirements.
b) Input-Output norms can only be settled when production has continued for a substantial period of time. Export against two licences may not prove the usage pattern conclusively
c) Input-Output norms should be fixed based on production and consumption pattern over a period of time.

 

20. Gem & Jewellery and Diamond REP Import Licence
The Exporters of Diamond, Gem & Jewellery are eligible to obtain REP Licence. Such Licence will be transferable / saleable to any person or firm without any actual user condition.
Gem & Jewellery Scheme  

To Promote export of Gold Jewellery, the number of nominated agencies permitted to stock gold was increased. At present this is being done only by HHEC, SBI, MMTC and STC. This improvement will make available adequate quantity of Gold to exports which they can take on replenishment basis or on outright purchase basis. Moreover, the EOU/EPZ units for Gem and Jewellery sector, are being permitted to sell 10% of their output in the DTA against special Import Licence(SIL) on payment of duty.
GEM OF AN IDEA

21. Gold Card Status for Established - Export House

EXPORT HOUSE GOLD CARD SINCE 1.4.1999 FOR LONGTERM BENEFITS

Exporters who have attained or attain in future Export House, trading House for three successive terms or more shall be eligible for gold card status certificate which would enable them to enjoy the benefits of Export House/ Trading House irrespective of their actual performance thereafter as per the guidelines issued in this regards from time to time.

 

22. Green Card Status for Manufacturer Exporters
MFR. EXPORTER GREEN CARD SINCE 1.4.1999 FOR SSI/SIA PREMIUM BENEFITS

All manufacturers exporting more than 50% of their production, subject to a minimum of Rs. 1 crore in the preceding year, shall be issued a green card by Ministry of Commerce, New Delhi. This card will entitle the holder to such facilities as may be specified from time to time.

23. Identity card for Nominees of your firm

A. The Identity Card is compulsory in collecting import licence / document
B. The Identity Card can be obtained in the Name of any Executive or staff members. It is advisable to obtain I-Cards in the name of staff to save time of executives.

LOOK SAFETY
WORK SAFETY

 

24. Import of Negative / Restricted Item & Hotel Items
POSITIVE IDEA WITH NEGATIVE LIST OF ITEMS

The regional licensing authority have been empowered to issue licence for negative list items on the basis of recommendations received from the special licensing committee of the head quarters. Following documents are required by us.

List of Documents
A. Import Export Code No.
B. R.C.M.C
C. Identity Card
D. Brochure
E. Justification
F. Proforma Invoice
G. SSI Certificate

 

25. Import of Passenger Car and Automobile Vehicle

Both New and Second hand Passenger cars and automobile vehicles are in the Negative list of imports and their import is not permitted except against a licence.
EXPERIENCE LUXURY CLASS OF AN AIRLINE ON GROUND

 

26. Life Long DEPB Enrollment No.
YOU MAKE THE FLIGHT PLAN WE DO THE GROUND WORK
A new DEPB Enrollment number has been made effective from 15.12.1998. Allotment of this code number will be made to those who are in the field of Import and Export activities. DEPB Enrollment No. is a pre requisite for claiming export incentives like DEPB Scrip. All Registered Manufacturers and Merchant Exporters are eligible to receive DEPB scrip at the rate ruling from time to time announced by Govt. under Import-Export Policy. All documents in Original are required for establishment of Genuineness for prevention of any fraud.

27. Life Long Custom EDI No.
LAY THE FOUNDATION FOR A SECURE FUTURE

A new Custom EDI number has been effective from 1.4.1998. Before Starting the Export business all intending exporters are required to obtain under the Foreign Exchange Regulations a Code Number from customs, this number is to be cited on the export declaration form (GR/PP) without which the customs authorities will not permit the export.

 

28. Life Long Importer Exporter Code No.

A new Import-Export Code number has been made effective from 1.4.1988. Allotment of this code number will be made to those who are in the field of Import and Export activities the importers code Number which are effective prior to 1.4.1988. will be replaced by the new Import-Export Code Number from 1.4.1988. It remains valid till any debarment by any authority. However, for any change it is mandatory to incorporate all details within 60 days of change. Penalty of Rs. 5000/- is levied by government for any lapse.
NO ADMISSION
WITHOUT GOVT PERMISSION

29. Marketing Development Assistance (MDA) for Reimbursement of Export expenses

Cash subsidy is available from Government to Export Houses & Manufacturer Exporter for conducting Foreign Sales Cum Study Tours, Participation in Exhibitions and Fair abroad and bringing out sales literature and other Promotional materials as well as advertising Indian Export items in publication abroad. The applicant has to inform their plan 45 days in advance.
CA$H SUBSIDY
CO$T EFFECTIVE

 

30. NOC For Basmati Rice & Non Basmati Rice
NOC IS MUST

NOC can be availed from apeda for Basmati Rice @ Rs. 50/- Mt. (Non Refundable) and Non Basmati Rice @ Rs. 20/- Per Metric Tonne ( 50% Refundable after Shipment on realisation)

31. Obtaining of Manufacturing Licence (Small Scale Industry Certificate (SSI)/Secretariat of Indusrial Approval (SIA)

Several incentives have been provided under import-export policy for manufacturer-exporter therefore it is advisable to become manufacturer and exporter inorder to derive max. benefits under the current Policy, it is mandatory that the exporters and manufacturer holds a valid SIA/SSI Registration. You shall benefit immensely provided you consult us.
IMP. LIC REGN. FOR MFRS.

 

32. Purchase of Expired Non Transferrable / Valid Transferrable Advance / DEPB / SIL Import Licence.

We are interested in purchase of Expired Non Transferrable / Valid Transferrable Advance / DEPB / SIL Import Licence. Please furnish following details with photostacopy.

1. Category of Advance Lic.
2. Total CIF Value of Lic. ($)
3. Total CIF Value of Lic. (Rs.)
4. Port of Registration
5. Issue Date
6. Licence validity
7. Export Item Quantity FOB ($) FOB ($) (Rs.)
8. Import Item Quantity CIF ($) CIF ($) (Rs.)
ROAD TO RECOVERY

33. Quota of Apparel / Cotton / Powerloom / Synthetic Buy / Sell / Application
AVAIL QUOTA BEFORE YOU EXPORT
Exports of yarn, fabrics and made ups of cotton, wool, manmade and silk vegetable fibre blends are covered by the bilateral agreements with certain countries and only cotton textile items are subject to quantitative restraint and permitted to export upto specific limit prescribed in the agreements. In respect of other items which are known as non restricted items, exports of which are permitted by the council. In both the cases the exporters are required to obtain endorsements against shipping bills from the council at Mumbai or its port offices. Council is also endorsing shipping bills for non Quota items for shipment to countries as a general endorsement excluding non restricted items.

A. We undertake the assignment of claiming of quota from Apparel, Synthetic & Rayon & Textile Export Promotion Council AEPC SRTEPC and TEXPROCIL under different systems.
B. Buying and Selling of Quota

 

34. Registration with Export Promotion Council

Membership and registration with the council is a pre-requisite for claiming export incentive like DEPB, Quotas. In order to derive any export benefits under the current Export - Import Policy, it is mandatory that the exporter holds a valid RCMC (Registration cum membership certificate of an Export Promotion Council (EPC). Kindly consult us before becoming member of any council as you may unnecessarily end up in paying hefty annual subscription fees for every year for several export promotion councils.
REGISTRATION - OUR NO.1 PRIORITY

35. Special Licence against Foreign Exchange earned by Registered Exporters (Non Export House)
THE FUTURE IS WORKING TOGETHER
The Union Commerce Ministry has allowed the benefits of the Special Import Licence to exporters, other than Export/Trading/Super Star Trading House, who has directly exported goods, but excluding deemed exports, of FOB Value of Rs. 5 Crore and above in the preceding Licensing Year or an average FOB value of Rs. 2 Crores above during the preceding (3) Three Licensing Years.
Eligibility
All manufacturer-Exporters and Merchant Exporters can avail benefits of Special Import Licence.
Sr. No. Licensing Year Period FOB Criteria SIL Rate Eligibility Condition
A. 1.4.96 to 31.3.99 3 Year Average Rs. 2/- Crores 4% Non-Export House
B. 1.4.98 to 31.3.99 1 Year Rs. 5/- Crores & above 4% Non-Export House
On examining your export performance, we shall also inform your goodselves about the possibility of your even becoming an Export House / Trading House or for claiming Special Import Licence (SIL) as explained above.

36. Special Licence on Quality Trade Mark ISO 9000 Series or equivalent Std.

Manufacturer/Processors who have acquired the quality status of ISO 9000 (series) or ISO 14000 (Series) or HACCP Certification or WHO-GMP or SEICMM level 2 and above Certification from specified agencies shall be eligible for the grant of Special Import Licence (SIL) @ 4% of the FOB Value of exports, excluding deemed exports, if effected after 1.4.97.
QUALITY BENCH MARK

PERIOD FOB SIL ELIGIBILITY
1 OR 3 CRITERIA RATE CONDITION
3 YEARS 1 CRORE 4% ISO/IS/ISD 9000 SERIES
1 YEAR 3 CRORE 4% ISO/IS/ISD 9000 SERIES

 

37. Transfer of Export Performance
RUPEE WAY TO DOLLAR

1) Concept


Transfer of Export Performance (TEP essentially means the transfer of the export orders from the Actual Exporter to the Nominated Exporter. The Export Order may be largely backed by irrevocable L/c. favouring new "Nominated Exporter".

All the responsibilities primarily lie with the Original Exporter/Export Order holder as regards to fulfillment of procedural formalities till the shipment and its corresponding payment. Indemnify supply or for any other reasons, whatsoever, will be the sole responsibility of the transferer and the nominated exporter concerned will be indemnified in all respects.

The Nominated Exporter stands to gain the following advantage:

2) Benefits

a) Global exposure of his Company
b) Any shortfall arising out of his Physical exports during the preceding year is also made good.
c) This also helps him to retain his Export House status.
d) Increase in Banking limits.
e) It reduces the tax liability & Profit earned on exports is exempted as per provisions of Income Tax announced in Budget.

38. Value Added Tax (VAT) Refund for expenses incurred abroad on Hotel Travel & Food
REFUND OF ALL FOREIGN TAXES

Value added Tax wherever paid could be recovered subsequently within specified time limits, if proper receipt is obtained while on a sales promotion foreign tour or participation in Exhibitions and Fair abroad.

A. Food, Travel, Accomodations, Car Rental, Gas, Telephone Expenses etc.
B. Purchase of Imported Items.
C. Advertisement and Marketing Expenses


1) Application

Vat recovery claim must cover a minimum of three months period but not More than a Year. The period is covered as under

Sr. Countries Period Last Date
1 EU Jan 1 to Dec. 31 Jun 30
2 Non EU Jul 1 to Jun 30 Dec 31

While invoice requirements may vary slightly from country to country, all invoices submitted for VAT refund must include the following information :-

2) Information
1. Name and address of the company filing for refund
2. Supplier's name, address and VAT registration number
3. Details of goods or services provided
4. Invoice date
5. Invoice total excluding VAT
6. The rate and amount of VAT charged.
7. Invoices that do not meet these requirements will be rejected by the tax authorities.

39. Valuable International Service Export House against Forex earnings

Government allows registration and recognition of International Service Export house with an objective to encourage service providers who have engaged themselves in rendering services in India or outside India in the expanding world trade.
GREAT PERFORMANCE ARISES WHEN THE BEST OF TWO MEET

The Service provider shall be eligible for recognition as Service export Houses, International Services export House, International Star Service Export House, International Super Star Service export House on achieving the performance level as mentioned below.

Category Average free foreign exchange earning during the preceding three licensing years, in Rupees
96-99
Free foreign exchange earning during the preceding licensing year in Rupees
98-99
Average net free foreign exchange earned made during the preceding three licensing years, in Rupees
96-99
Net free foreign exchange made during the preceding licensing year, in Rupees
98-99
Service Export House
4 Crores
6 Crores
3 Crores
5 Crores
International Service Export House
20 Crores
30 Crores
15 Crores
25 Crores
International Star Service Export House
100 Crores
150 Crores
75 Crores
125 Crores
International Super Star Service Export House
300 Crores
450 Crores
225 Crores
275 Crores