Advance authorization scheme for exports
Fema Experts
FEMA Experts
Import & Export
Import & Export
EPCG Scheme
The Export Promotion Capital Goods (EPCG) Scheme enables Indian exporters to import capital goods at zero or reduced customs duty, provided they commit to increasing exports. This scheme, governed by the Directorate General of Foreign Trade (DGFT), helps businesses upgrade their production capabilities and enhance competitiveness in global markets.
Key Features of the EPCG Scheme:
• Duty-Free Import: Allows import of machinery, tools, and equipment for export-oriented production.
• Export Obligation: Exporters must fulfill an export obligation equivalent to six times the duty saved within six years..
• Wide Eligibility: Open to manufacturers, service providers, and merchant exporters tied to manufacturers.
• Cost Savings: Reduces capital investment costs, making businesses globally competitive.
• Export Obligation: Exporters must fulfill an export obligation equivalent to six times the duty saved within six years..
• Wide Eligibility: Open to manufacturers, service providers, and merchant exporters tied to manufacturers.
• Cost Savings: Reduces capital investment costs, making businesses globally competitive.
The EPCG Scheme is an excellent opportunity for exporters to enhance production quality and scale while reducing costs.
Import & Export
Duty Drawback Scheme
The Duty Drawback Scheme is a government initiative that refunds customs duty and taxes paid on imported inputs used in manufacturing goods for export. This scheme aims to reduce export costs and make Indian products more competitive in international markets.
Key Features of the Duty Drawback Scheme:
• Refund of Duties: Provides a rebate on customs duty, central excise, and service tax paid on imported raw materials or components.
• Two Types of Drawbacks.
• All Industry Rate (AIR): Pre-determined rates notified by the government for specific goods.
• Brand Rate: Customized rate for goods not covered under AIR.
• Eligibility: Applicable to manufacturers and exporters involved in exporting finished goods.
• Boosts Export Competitiveness: Lowers the cost of production, making exports more attractive globally.
• Two Types of Drawbacks.
• All Industry Rate (AIR): Pre-determined rates notified by the government for specific goods.
• Brand Rate: Customized rate for goods not covered under AIR.
• Eligibility: Applicable to manufacturers and exporters involved in exporting finished goods.
• Boosts Export Competitiveness: Lowers the cost of production, making exports more attractive globally.
The Duty Drawback Scheme supports exporters by reimbursing duty costs, fostering growth, and increasing profitability in global trade.
Import & Export
Remission of Duties and Taxes on Exported Products (RoDTEP)
The RoDTEP Scheme is a Government of India initiative aimed at boosting exports by reimbursing embedded taxes and duties that are not refunded under other schemes. It ensures the competitiveness of Indian products in global markets by offering exporters a level playing field.
Key Features of RoDTEP Scheme:
• Refund of Embedded Taxes: Reimburses taxes like mandi tax, electricity duties, and fuel used in transportation, which were previously non-recoverable.
• Digital Credits: Refunds are issued as transferable electronic scrips in the exporter’s account on the ICEGATE portal.
• Product-Specific Rates: Rebate rates vary depending on the product category and are notified by the government.
• Digital Credits: Refunds are issued as transferable electronic scrips in the exporter’s account on the ICEGATE portal.
• Product-Specific Rates: Rebate rates vary depending on the product category and are notified by the government.
Eligibility:
• Applicable to all exporters, including SEZs and EOUs, as long as they comply with prescribed rules.
• Exported goods must have been produced domestically.
• Global Competitiveness: Helps exporters reduce costs, making Indian products more competitive internationally.
• Exported goods must have been produced domestically.
• Global Competitiveness: Helps exporters reduce costs, making Indian products more competitive internationally.
The RoDTEP Scheme is a critical export incentive, ensuring that Indian businesses can thrive in global markets while complying with WTO guidelines.
Import & Export
Export Obligation Discharge Certificate (EODC)
Navigating the Export Obligation Discharge Certificate (EODC) process can be complex and time-consuming. Our EODC consulting services are designed to help exporters seamlessly fulfill their export obligations under schemes like Advance Authorization and EPCG.
Our Services Include:
• Expert Guidance: Personalized advice on documentation and compliance requirements.
• Documentation Support: Preparation and verification of shipping bills, export realization certificates, and other necessary documents.
• Application Assistance: End-to-end support in filing and tracking your EODC application with DGFT.
• Compliance Management: Ensuring timely and accurate fulfillment of export obligations to avoid penalties.
• Documentation Support: Preparation and verification of shipping bills, export realization certificates, and other necessary documents.
• Application Assistance: End-to-end support in filing and tracking your EODC application with DGFT.
• Compliance Management: Ensuring timely and accurate fulfillment of export obligations to avoid penalties.
With our professional EODC consulting, you can focus on growing your business while we handle the complexities of export compliance. Let us help you secure your EODC quickly and efficiently!
Import & Export
Legal Undertaking (LUT)
A Legal Undertaking (LUT) is a vital document that allows Exporters, Approved EOU / EHTP / STP / BTP unit to make tax-free exports under GST, provided they commit to fulfilling their obligations within specified timelines. Our LUT consulting services are designed to simplify this process, ensuring compliance and efficiency.
Our Services Include:
• Eligibility Assessment: Determining your eligibility for LUT filing under GST regulations.
• Documentation Support: Assisting with the preparation and submission of required documents, including the LUT application.
• Filing Assistance: Streamlining the online LUT filing process with expert guidance.
• Renewal and Follow-Up: Ensuring timely renewals and addressing any issues with authorities.
• Documentation Support: Assisting with the preparation and submission of required documents, including the LUT application.
• Filing Assistance: Streamlining the online LUT filing process with expert guidance.
• Renewal and Follow-Up: Ensuring timely renewals and addressing any issues with authorities.
With our expertise, you can avoid delays and focus on expanding your export operations while staying fully compliant with GST requirements. Let us handle your LUT process with professionalism and precision!
Import & Export
SEIS/MEIS Scheme
The Services Export from India Scheme (SEIS) and the Merchandise Export from India Scheme (MEIS) are government initiatives designed to promote exports by providing duty credit scrips as incentives. Our consulting services help businesses unlock these benefits with ease and accuracy.
Our Services Include:
• Eligibility Analysis: Assessing your export activities for SEIS/MEIS benefits.
• Application Assistance: End-to-end support in preparing and filing applications with DGFT.
• Documentation Support: Guidance on required export documents, such as shipping bills and invoices.
• Claim Optimization: Ensuring accurate claim calculations to maximize your incentives.
• Application Assistance: End-to-end support in preparing and filing applications with DGFT.
• Documentation Support: Guidance on required export documents, such as shipping bills and invoices.
• Claim Optimization: Ensuring accurate claim calculations to maximize your incentives.
With our expert SEIS/MEIS consulting, you can navigate the application process effortlessly and focus on growing your global reach. Let us help you claim the rewards your business deserves!
Import & Export
Deemed Export Registration
Deemed exports refer to specific transactions within India that qualify for export benefits without actual physical exports. To claim these benefits, businesses must register and comply with the Directorate General of Foreign Trade (DGFT) guidelines. Our Deemed Export Registration consulting services simplify this process, ensuring you don’t miss out on incentives.
Our Services Include:
• Eligibility Assessment: Identifying transactions eligible under the deemed export category.
• Registration Assistance: Guiding you through the registration process with DGFT.
• Documentation Support: Preparing and verifying documents such as invoices, supply contracts, and excise/GST records.
• Claim Filing: Assistance in claiming benefits like duty drawback, terminal excise duty refunds, or input tax credit.
• Compliance Management: Ensuring adherence to DGFT and GST norms to avoid penalties or delays.
• Registration Assistance: Guiding you through the registration process with DGFT.
• Documentation Support: Preparing and verifying documents such as invoices, supply contracts, and excise/GST records.
• Claim Filing: Assistance in claiming benefits like duty drawback, terminal excise duty refunds, or input tax credit.
• Compliance Management: Ensuring adherence to DGFT and GST norms to avoid penalties or delays.
With our expertise, you can confidently navigate the complexities of deemed export registration and maximize your benefits. Let us handle the compliance so you can focus on growing your business.
Import & Export
SCOMET Registration
SCOMET stands for Special Chemicals, Organisms, Materials, Equipment, and Technologies, and refers to controlled items that require export authorization due to security concerns.
Key Features of SCOMET Registration
• Eligibility: Exporters dealing with sensitive or dual-use goods listed under the SCOMET list.
• Procedure: Apply for an export authorization from DGFT. .
• Importance: Ensures that sensitive items are exported in compliance with national security and foreign policy concerns.
• Procedure: Apply for an export authorization from DGFT. .
• Importance: Ensures that sensitive items are exported in compliance with national security and foreign policy concerns.