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10, 2016
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 [...]
