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26 10, 2016

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28 09, 2016

Small business ideas in India

People who intend to enter the world of business can kick start their business with brilliant ideas. Having youth generation, India is prospering with young talent and professional skills. The ‘Startup India’ scheme welcomes young entrepreneurs with diverse skills. Earning a handsome amount of money with minimum investment is the goal of every small business [...]

19 09, 2016

Merchandise Exports From India Scheme

Merchandise Exports from India Scheme ( MEIS ) under the Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes which is  introduced in the Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. The objective of MEIS is to offset the  infrastructural inefficiencies and the  associated costs which [...]

19 09, 2016

The Food Imports Clearance System (FICS)

The Food Authority has established the Food Import Clearance System ( FICS ) in order to ease the clearance of food imported into India. All stakeholders can access the FICS 24/7 since it is an online system. Stakeholder in the food import clearance process is food importers, custom house agents, food testing laboratories, customs wing of CBEC, Department [...]

14 09, 2016

How to register as Custom House Agent (CHA)

Custom House Agent is  authorized to handle the transactions of any business relating to the  entry or exit of the goods/cargo at the  customs station. Their function is thus in order  to maintain the details of items and then  up-to-date accounts. They thus act on behalf of the  importers and exporters. CHA license may thus be [...]

14 09, 2016

Service Exports from India Scheme (SEIS)

In this article we would  discuss about SEIS, Services Exports from India Scheme which is  introduced as per Foreign Trade Policy of India 2015-2020 from 1st of April 2015 to 31st of March, 2020. SEIS, Services Exports from India Scheme which is  under the Foreign Trade Policy of India 2015-20 is a modification of SEIS, [...]

14 09, 2016

Market Development Assistance (MDA) Scheme

To facilitate exports trade, various measures thus  have been undertaken in order  to increase the export promotions. MDA scheme is under an  operation through the Department of Commerce in order to support the following activities: Assist the  exporters for the process of  export promotion activities abroad Assist the  Export Promotion Councils (EPCs) in order to [...]

14 09, 2016

Market Access Initiative (MAI) Scheme

Market Access Initiative (MAI) Scheme is one of the Exports Promotion Scheme which aims at expanding of  Indian exports. This scheme is thus  based upon the focus product- focus country strategy in order  to develop the specific market and also  specific product through a market survey. For the purpose of enhancing exports, this assistance would [...]

14 09, 2016

List of Export Promotion Schemes in India

Promotional Measures in Foreign Trade Policy:- Exports are regarded as an engine of economic growth in the wake of liberalization and are also considered as  structural reforms in the economy. In recent times India is witnessing slowdown in the process of  exports with its traditional partners. Under these circumstances, we thus need to set in [...]

14 09, 2016

Know about EPCG Scheme and EPCG License

What is EPCG? -Export Promotion Capital Goods. Where is it required? -Under Import Export in India. EPCG Scheme is  regulated by the  Ministry of Commerce under the Directorate.General of Foreign Trade which  allows for the  import of goods for pre-production, production and post-production at 0 % duty which is  subject to an export obligation of six times of [...]