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India’s Textiles Exports Highest Ever in FY 2021-22

India scaled its highest ever exports tally at US $44.4 Bn in Textiles and Apparel (T&A) including Handicrafts in FY 2021-22, indicating a substantial increase of 41% and 26% over corresponding figures in FY 2020-21 and FY 2019-20, respectively. USA was the top export destination accounting for 27% share, followed by EU (18%), Bangladesh (12%) …

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Government Orders Physical Verification For Wheat Export

The Directorate General of Foreign Trade has directed Regional Authorities to physically verify all documents of applicants for export of wheat before issuing Registration Certificates (RCs). The order has been issued to ensure that the exporters are not issued RCs based on improper documents. In order to plug the loophole, it has been decided that …

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India is The Best Country For Investment: Piyush Goyal

India is the most preferred country in the world for investment. There are massive opportunities for global investors here. So they should invest in India. Along with this, there is a need to focus on the export of services sector to boost the total exports of the country. In the annual meeting of the World …

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Indian Exports Registers Growth Of 106%

Exports of Indian Chemicals has registered growth of 106% in 2021-22 over 2013-14. India’s exports of Chemicals for 2021-22 hit a record at US$ 29296 Million, whereas in 2013-14 India’s Chemical exports was US$ 14210 Million. Highlighting the achievement in a Tweet, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and …

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Union Minister Piyush Goyal Presents Export Excellence Awards

Union Minister for Commerce and Industry Shri Piyush Goyal exhorted the Indian Plastic Industry to take the sector from the current level of around Rs. 3 lakh crores of economic activity to Rs. 10 lakh crores in around 4-5 years. The Minister said that this would be a national service from the plastics industry; this …

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Breaking: India Creates Record By Exporting Worth $400 Billion

Breaking: India Creates Record By Exporting Worth $400 Billion

Prime Minister Narendra Modi on Wednesday said that exports have not only grown by 37 per cent from last year but are the highest ever. The country had set an ambitious target of exports of $400 billion, which has been achieved nine days before the end of March 31. In the next nine days, the …

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Merchandise Exports Will Cross $400 Billion Target This Year: Piyush Goyal

Merchandise Exports Will Cross $400 Billion Target This Year: Piyush Goyal

The country’s merchandise exports have reached $390 billion in the current financial year till March 14, 2022. Giving information on Thursday, Commerce and Industry Minister Piyush Goyal claimed that we will cross the export target of $400 billion in 2021-22. Addressing an event organized by the Automotive Component Manufacturers Association (ACMA), Piyush Goyal said that …

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RBI Gives Big Gift To Exporters

RBI Gives Big Gift To Exporters

The Reserve Bank of India (RBI) on Tuesday gave a big gift to the exporters. The central bank extended the Interest Equalization Scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with an aim to boost outbound shipments. Explain that exporters get subsidy under this. Earlier last year in April 2021, this scheme …

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Government Extends Due Date For Submitting Applications Under Merchandise Exports From India Scheme (MEIS)

Government Extends Due Date For Submitting Applications Under Merchandise Exports From India Scheme (MEIS)

Vide notification no. 58/2015-2020 dated 7th March 2022, the Central Government has extended due date for submitting applications under Merchandise Exports From India Scheme (MEIS). As mentioned in the notification: The last date for submitting applications under MEIS (for exports made in the period – 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc …

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Relevance-of-Import-Export-Code-IEC-48502f91

IMPORT EXPORT CODE REGISTRATION PROCEDURE

Following are all the documents for complete application Procedure of IEC Registration. There are 12 steps associated with the IEC code application procedure. Steps for IEC Registration Process:- Step 1: Go to the DGFT Website:- First step go to http://www.dgft.gov.in You will show welcomed home page by a bright and informational page. There you will see the …

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ITS ALL ABOUT STAR EXPORT HOUSES (CHECKLIST AND REGISTRATION PROCEDURE)

The main objective of foreign trade policies is to make the import-export process simple and attractive for importers, exporters, and traders. There are various export promotion schemes, and Status Holder Certificate is one of them. The Objective of the Star Export House Certificate or Status Holder Certificate is to boost export performance. As per the …

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Union Minister Piyush Goyal Interacted With Exporters And Artisans in Lucknow

Union Minister Piyush Goyal Interacted With Exporters And Artisans in Lucknow

Union Minister Piyush Goyal has Interacted with exporters and artisans in Lucknow on 14th November 2021. Some of his statements during the interaction are as under: The way you illuminate the name of India all over the world with your skills, the economy of the country is not only benefited by it, as well as …

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Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal

Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal

Recently, a self-service functionality has been made available on the GST Portal for taxpayers to fetch the missing Bill of Entry details from ICEGATE if these details are not auto-populated in their Form GSTR-2A. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per details given below: Date: 30/09/2021 Language: Hindi Time: …

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Government Notifies Regulations For Post Export Conversion Of Shipping Bill in Certain Cases

CBIC Notifies Electronic Duty Credit Ledger Regulations 2021

Notification No. 75/2021-Customs, Dated 23rd September 2021, CBIC has notified Electronic Duty Credit Ledger Regulations, 2021. These regulations will specify the manner of issuance and use if duty credit in the electronic ledger. Notification Link: Notification No. 76/2021-Customs, Dated 23rd September 2021, CBIC has notified the manner to issue duty credit for goods exported under …

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goods exports

India’s engineering goods exports registered a growth of 52.4% during the month of June 2021

Merchandise exports in June 2021 were USD 32.50 Billion, as compared to USD 21.91 Billion in June 2020, exhibiting a positive growth of 48.34 per cent. Indian engineering exports were on their upward journey in June, 2021 following the trend of the last two months. India’s engineering goods exports registered a growth of 52.4% during the month …

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Export Corporation of India Ltd

Closure of Handicrafts & Handlooms Export Corporation of India Ltd approved by Cabinet

The Union Cabinet has approved the closure of Handicrafts and Handlooms Export Corporation of India Limited (HHEC).  59 permanent employees and 6 Management Trainees are serving in the Corporation. All the permanent employees and Management Trainees will be given an opportunity to avail the benefit of a Voluntary Retirement Scheme  as per norms laid down …

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Amendment in AEO Programme; auto renewal of AEO T1 validity for continuous certification based on continuous compliance monitoring

Is Your Export Refund Stuck due to Mismatch between GSTR-1 and GSTR-3B? Here is Big Relief Provided by the CBIC

The Central Board of Indirect Taxes & Customs (CBIC) has issued Circular No. 04/2021-Customs dated 16th February 2021 regarding extension of IGST Refund Circular for records not transmitted due to GSTR1 & GSTR3B mismatch error up-to 31.03.2021.