Category Archives: Export Import

Online processing system for SCOMET applications

By | February 20, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Date: the 19th February 2016 Trade Notice No. 20/2015-20 To All applicants for SCOMET Export Authorization, All Chambers of Trade and Industry/Federation of Indian Export Organizations All RAs of DGFT Subject: Online filing and processing… Read More »

RBI releases Data on India’s International Trade in Services: December 2015

By | February 16, 2016

Source Reserve Bank of India Date : Feb 15, 2016 The Reserve Bank releases monthly data on India’s international trade in services with a lag of around 45 days. The value of exports and imports of services during the month of December 2015 are given in the following Table. Table: International Trade in Services (US$… Read More »

Target Plus Scheme to reduce benefit to exporter retrospectively Ulta virus : supreme Court

By | October 29, 2015

Notification No. 48/2005 dated February 20, 2006 and Notification No. 8/2006 dated June 12, 2006 amending ‘Target Plus Scheme’ under EXIM Policy/Foreign Trade Policy 2004-2009 to restrict/reduce benefit to exporter retrospectively from 1-4-2005 were ultra vires, as already accrued benefit cannot be taken away by retrospective amendment; therefore, the said notifications were read down to… Read More »