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DGFT
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IMPORT LICENSE ON RESTRICTED GOODS IN INDIA
Business20 hours ago
Source: IMPORT LICENSE ON RESTRICTED GOODS IN INDIA
Under India’s Foreign Trade Policy, certain goods are categorized as restricted and require prior approval from the Directorate General of Foreign Trade (DGFT) through a Restricted Import License. These goods may include second-hand equipment, hazardous materials, eco-sensitive products, or items needing clearance from ministries such as Environment, Health, or Defence. Without the proper license, importers risk shipment delays, penalties, or confiscation at ports.
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RoDTEP Explained: Key Requirements Under the DGFT Scheme
Other1 months ago
Source: RoDTEP Explained: Key Requirements Under the DGFT Scheme
Under the RoDTEP scheme, exporters are required to submit an annual return to the DGFT to promote transparency and ensure proper utilization of the benefits received. This return should provide comprehensive details of exports undertaken, RoDTEP credits claimed, and how those credits were utilized. Timely and accurate filing is essential to avoid penalties, maintain eligibility, and support future claim verifications. Failure to comply may result in increased scrutiny or suspension of benefits.
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RoDTEP scheme of DGFT
Business1 months ago
Source: RoDTEP scheme of DGFT
The RoDTEP scheme requires exporters to file an annual return with the DGFT to ensure transparency and proper utilization of benefits. This return must include detailed information on exports made, RoDTEP claims received, and their usage. Timely and accurate filing helps avoid penalties, ensures continued eligibility, and supports future claim validations. Non-compliance may lead to scrutiny or suspension of benefits.
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