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Ease of Doing Business initiatives implemented by DGFT

News and Press Release - Dated:- 12-7-2016 - The DGFT, Dr. Anup Wadhawan, interacted with the exporters today on the issues of Trading Across Borders and Foreign Trade Policy in an interactive session organized jointly by the Department of Industrial Policy & Promotion, CII and FIEO in Mumbai today. Joint Secretary, DIPP, Shri Shailendra Singh, Joint Secretary, Customs, Shri Satya Srinivas and many other senior officers participated in the discussions. In response to questions raised by the .....

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Trade Policy (2015-20) launched on 1st April, 2015 with emphasis on improving the Ease of Doing Business for export import business. The New FTP consolidated 5 different schemes for rewarding merchandise exports under the earlier policy into a single scheme, namely Merchandise Exports from India Scheme (MEIS). MEIS introduced on April 1, 2015, is a precise scheme wherein lines are specified at HS 8 digit. As MEIS incentives were country group specific, exporters were required to submit landing .....

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ive has been taken for the services exporters. The scrip issued under the Served From India Scheme of the Error! Hyperlink reference not valid. remained underutilized as could only be used for import of certain goods for use of the exporter. Now, the new scheme, the Services Exports from India Scheme (SEIS) introduced in the new FTP removed all such restrictions. The scrip now can be used for making payment of duties or can be transferred. Indian exporters pay high rate of interest on the capita .....

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or exports and imports reduced to 3 each for export and import. Earlier 7 documents were required for exports and 10 for imports. DGFT in January 2016 has also specified that any violations in this regard should be brought to the notice. A major simplification was carried out for the first time exporters who are required to obtain Import Export Code. DGFT did away with the issuance of physical copy of IEC and introduced IEC wef Apr 1, 2016. The application, processing and issuance was completely .....

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e applications for IEC, Advance License, MEIS, SEIS etc., pay application fee online andcheck status of their applications. Use of electronic bank realization certificate (eBRC) system has been extended. The eBRC system captures details of the foreign exchange received by exporters through the banking channel. This data is shared with 13 state governments who may use it for processing of VAT refunds. DGFT is in discussing with the GST team for integrating this information with the GST network. A .....

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ent with all documents related to Foreign Trade Policy along with a responsive online grievance redressal system. Complaint Resolution System: Over 6000 EDI related issues of the exporters resolved since April 2015 through the Complaint Resolution System. In addition, over 650 issues resolved since in past 2 months through the Twitter handles of DGFT and mc.twitterseva.com C-Other important measures: Board of Trade was reconstituted, the first meeting chaired by CIM was held on 06.04.2016. 13 Mi .....

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