We, M/s GRS Exim (India), is a prominent Import-Export Consultants & Liaison representative for the Foreign Trade Policy matter having its office at Plot no. 18, Namdhari Arcade, Vrindaban Enclave, Near Raj Bagh Metro Station, Sahibabad, (U.P.)-201005. We, offer the complete consultancy services on Foreign Trade Policy Matter. This includes preparing the application, On-line filing of application on DGFT website, submission to the department, advising on policy matter to exporter and obtaining the licenses (export benefits) from the concerned regional licensing authorities:

Our range of services is organized in such a way that meet International Standards, we are committed to serve our clients with dedication and sincerely, our team members are highly qualified and experienced having capable of handling the services for all segment of Industries.

Our Prominent Services on Foreign Trade Policy Matter

• Issuance and Modification of IEC (Import Export Code)
• Registration Cum Membership Certificate (RCMC) from different export promotion Councils.
• FMS (Focus Market Scheme)
• FPS (Focus Product Scheme)
• Market Linked Focus Product Scheme (MLFPS)
• Vishesh Krishi Gram Udyog Yojana Scheme (VKGUY)
• Served from India Scheme (SFIS)
• Merchandise Export from India Scheme (MEIS)
• Service Export from India Scheme (SEIS)
• Advance Authorizations (Issuance / Modification / EODC / Redemption / No-Bond Certificate)
• EPCG (Export promotion Capital Goods Scheme) Authorizations (Issuance / Modification / EODC / Redemption)
• DFIA (Duty free Import Authorizations) (Issuance / Modification / EODC/ Transferability/ Redemption)
• Specific Advance Authorizations for restricted item of Import
• Revalidation of Import Authorizations
• EO Extension & Enhancement of CIF Value of Import Authorizations
• Closure of EPCG / Advance Authorizations
• Deemed Export benefits (Terminal Excise Duty)
• Special Economic Zone (SEZ) related Matters

Some major’s points / highlights of Mid-Term Review released by Mr. Alok Chaturvedi, Director General of Foreign Trade of Foreign Trade Policy 2015-20 Effective From 05.12.2017

Encouraging Exports by MSME and Labor-Intensive Industries: -

• MEIS Incentives for two sub-sectors of textiles i.e. Ready-Made Garments and Made Ups increased from 2% to 4% involving and additional annual incentives of Rs. 2743 Crores. MSME is major export promotion scheme which seeks promote export of notified goods manufactured/ produced in India. MEIS incentives are available at 2,3,4, & 5% of the FOB value of exports.
• Across the board increase of 2% in existing MEIS incentives for exports by MSMEs/ Labour intensive industries involving additional annual incentives of Rs. 4567 Crores. Major sectors covered are leather, agriculture, carpets hand tools, marine products rubber products, ceramics, sports goods, medical and scientific products and electronic and telecom components.
• The validity period of Duty Credit scrips has been increased from 18 months to 24 months to enhance their utility in the GST framework.
• GST rate for transfer / sale of scrips has been reduced to zero from the earlier rate of 12 %.
• New Trust based self-ratification Scheme introduced to allow duty free inputs for exports production under duty exemption scheme with a self- declaration. Under this scheme instead of getting a ratification of the Norms Committee for inputs to be used in the manufacture of export products, exporters will self-certify the requirement of duty free raw materials / inputs and take an authorization from DGFT. The scheme will initially be available to the Authorized Economic Operators (AEOs).
• The value of new incentives is Rs. 8,000 crore
• The FTP would focus on micro, small and medium enterprises, labour-intensive segments and agriculture sector.
• Incentives for goods exports is Rs. 4,567 crore, and for services exports is Rs. 1,140 crore.
• This is in addition to the recently announced incentives to ready-made garments.
• Self-certification scheme for duty-free imports
• FTP is a dynamic document and regular changes are made to increase value addition in the country, generate more employment and boost exports
• Today's announcement includes a 2% increase each in incentive rates of the Merchandise Exports from India Scheme and Services Export from India Scheme.
• Trade accounts for 45% of the country's GDP. FTP incentives now cover 8,000 of the total 12,000 lines of items.
• Of these incentives, Rs 749 crore for leather and footwear, Rs 1354 crore for agriculture and related items, Rs 759 crore for marine exports, Rs 369 crore for telecom and electronic items, Rs 921 crore for handmade carpets, Rs 193 crore for medial and surgical equipments, Rs 1140 crore for textiles and ready made garments.
• A new trade data analytics division under the Directorate General of Foreign Trade will analyses real time data to help fine tune policy.

1. Merchandise Exports from India Scheme (MEIS)

Incentives for two Sub-sectors of textiles i.e. readymade garments & made ups increased from 2% to 4%. Now, the MEIS incentives available at 2, 3, 4 and 5% of the FOB value of Exports to promote export of notified goods manufactured/produced in INDIA.

Incentives for exports by MSMEs/Labour intensive industries such as leather, agriculture, carpet hand tools ,marine products, rubber products, ceramic, sports goods, medical and scientific products and, electronic and telecom components increased by-2%.

2. Services Exports From India Scheme (SEIS)

SEIS incentives have been increased by 2% for Business, Legal Accounting, Architectural, Engineering, Educational, Hospital, Hotel and Restaurants services.

3. MEIS/SEIS Duty Credit Scrip’s Validity Period Has Been Increased From 18 Months To 24 Months.

4. GST Rate on Sale Of MEIS/SEIS Duty Credit Scrips Reduced To 0%.

5. Advance Authorization Scheme:

Authorized Economic Operator: AEO certificate holders allowed duty free input for export production with self-declaration instead of getting ratification of NORMs committee. Now AEO certified exporters will self-certify the requirement of duty free raw materials /inputs and take an Authorization from DGFT.

AEO certified importer have been notified for deferred payment of Customs duty.

Duty Drawback continued with revised rate for drawback of BCD and remnant to central Excise duty on petroleum products.

6. Export Promotion of Capital Goods Scheme (EPCG):

• Power for extension in Export Obligation Period (EOP) or Block wise extension or condonation of delay in submission of installation certificate delegated to Regional offices of DGFT.
• Shifting of capital goods allowed from one unit to other unit.
• Clubbing has been allowed in respect of those authorizations where Export obligation period has been expired.
• Negative list of item introduced under EPCG scheme (items notified under Appendix 5F cannot be imported under EPCG scheme).

7. EOU/EHTP/STP/BTP Units

• May import and /or procure from bonded warehouse in DTA or from international exhibition held in India without payment of customs duty / IGST / GST compensation cess.
• Restriction on limit on entitlement of DTA sale has been removed.
• Inter unit transfer has been allowed on payment of applicable duty & taxes.
• Goods exported and found defective /damaged or returned by the importer shall be allowed clearance by the Customs Authority.
• Import of Second hand goods for the purpose of repair /refurbishing/ recondition/ reengineering have been made free.
• Export of replacement goods has been eased for issuing export licence on replacement items which are restricted or in SCOMET list.

8. Enhanced Value Limit on Free of Cost (FOC) Exports

• Status holders shall be entitled to export freely exportable items on free on cost basis subject to annual limit of Rs.1 Crore or 2% of Average annual realization during the preceding 3 licensing years, whichever is lower.
• For Pharma exports the annual limit would be 2% of Average annual realization during the preceding 3 licensing years

9. Goods & Services Tax (GST) Related Matter:

• Under GST, on exports of finished goods, there is an option of either obtaining refund of GST paid or getting exemption from payment of GST on submission of LUT.
• Under Advance Authorization, EPCG and 100% EOU scheme exporter have been extended the benefit of sourcing inputs /capital goods from abroad as well as domestic supplier without upfront payment of GST.
• Merchant exporters have been allowed to pay nominal GST @ 0.1% for procuring goods from domestic supplier for exports.

10. Ease of Trading:

• Contact @ DGFT service for complain resolution have been activated on DGFT website.
• Exporters / Importers can also voice their concerns / suggestions on DGFT portal at contact @ DGFT.
• New Logistics division created in the commerce department to the bring together various stake holders viz. logistics service provider, buyers, customs, DGFT, Railways, Ports, Airports, inland waterways, costal shipping etc on single platform.