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EIP Export Market Organisation 18319
EIP Export Market Organisation 18319
in
Directorate General of Foreign Trade is an attached
office of the Department of Commerce, responsible
for execution of the import and export Policies of
India.
Functions and responsibilities of DGFT:
It is the licensing authority for exporters, importers,
and export and import business.
It can prohibit, restrict and regulate exports and
imports.
It grant 10 digit IEC (Importer Exporter Code),
which is a primary requirement to Import Export.
It has introduced ITC (HS CODE) schedule-1 for
import items in India and Schedule-2 for Export
items from India. ITC (HS) codes are known
as Indian Trade Classification (ITC) based
on Harmonized System (HS) of Coding.
ITC means Indian Trade Classification, also known
as Indian Tariff Code (ITC).
Indian Tariff code has 8 digit which has been
designed in such a way without any modification of
first 6 digit as per H.S code system, but followed by
another two digit classified as ‘tariff item’. So ITC has
been classified as first four-digit code called ‘heading’
and every six digit code called ‘subheading’ and 8-
digit code called ‘Tariff Item’.
This addition is done, within the permissible limit of
World Customs Organization – WCO, without any
changes in H.S.code system.
H.S code system means Harmonized System code .
HS system has been developed by World Customs
Organization uniformly applied by more than 140
countries worldwide.
H.S.code classifies goods as 4 digit heading and 6 digit
sub heading (four digit heading followed by two
digits).
Customs department of more than 140 major
countries have been functioning on the basis of the
said 6 digit tariff code.
ICEGATE –www.icegate.gov.in
ICEGATE is the the Indian Customs Electronic
Commerce Gateway. ICEGATE provides e-filing
services to the trade and cargo carriers and other
clients of Customs Department. (Parent agency
Ministry of Finance, Department of Revenue)
All the Custom Brokers, Shipping lines, Shipping
agents, Airlines, Air Agents, Console Agents, IEC
holders who wish to file documents at ICEGATE are
eligible to register.
FIEO – www.fieo.org
The Federation of Indian Export Organisations
(FIEO) is an apex body of Indian export promotion
organizations was set up jointly by the Ministry of
Commerce, Government of India and private trade
and industry in the year 1965. FIEO is thus a
partner of the Government of India in promoting
India's exports .
RCMC refers to a certificate issued by India’s Export
Promotion Council to manufacturers, product
processors, trade associations, institutions, organizations,
and other players in the export and import industries.
Getting an RCMC will provide various benefits like:
Being part of the worldwide network
Assistance in Exportation
Get exposure to other markets
Avail Government incentives
The RCMC will basically serve as a ticket to a bigger
exposure in terms of product promotion and exportation
markets.
DGCIS -www.dgciskol.nic.in
The Directorate General of Commercial Intelligence
and Statistics (DGCI&S), Kolkata, under the Ministry
of Commerce, Government of India, is the pioneer
official organization for collection, compilation and
dissemination of India’s Trade Statistics and
Commercial Information
ITC
The International Trade Centre (ITC) is a subsidiary
organization of the WTO. ITC's mandate is
concerned with developing and transition
economies to promote their exports. ITC has its
headquarters in Geneva and one field office
in Mexico City.
Indian Institute of Packing – www.indiapack.org
The Indian Institute of Packaging (IIP) is a national apex
body set up in 1966 by the packaging and allied
industries and the Ministry of Commerce, with the
specific objective of improving the packaging standards
in the country.
The Institute has its Head Quarters at Mumbai and
branches located at Delhi, Kolkata, Hyderabad, Chennai
with upcoming ones at Bangalore and Guwahati
World Packaging Organization (WPO)
Founded on September 6, 1968 in Tokyo by visionary
leaders from the global packaging community, the World
Packaging Organization (WPO) is a non-profit, non-
governmental, international federation of national
packaging institutes and associations, regional
packaging federations and other interested parties
including corporations and trade associations.
DIPP
Department of Industrial Policy & Promotion was
established in the year 1995.It is working under the Ministry
of Commerce and Industry.
This department is responsible for formulation and
implementation of promotional and developmental measures
for growth of the industrial sector. It is also responsible for
facilitating and increasing the FDI flows to the country.
Department of Industrial Policy and Promotion is also
responsible for intellectual property rights relating
to patents, designs, trademarks , and Geographical indication
of goods and oversees the initiative relating to their
promotion and protection.
.
Central GST Council
Goods and Services Tax (GST) is an indirect tax (or
consumption tax) imposed in India on the supply of goods
and services. ... The tax rates, rules and regulations are
governed by the GST Council which consists of the
finance ministers of centre and all the states
ECGC
Export Credit Guarantee Corporation of India Ltd.
( ECGC ) is a Government of India Enterprise which
provides export credit insurance facilities to exporters in
India. It functions under the administrative control of
Ministry of Commerce & Industry.
How does ECGC help exporters?
Offers insurance protection to exporters against
payment risks
Provides guidance in export-related activities
Makes available information on different
countries with its own credit ratings
Makes it easy to obtain export finance from
banks/financial institutions
Assists exporters in recovering bad debts
Provides information on credit-worthiness of
overseas buyers
What are the credit risks covered and not covered under
Standard Policies in International Business
Risks covered by Standard Policies fall into two categories
– Commercial Risks and Political Risks
Commercial Risks which includes Insolvency of the buyer,
Protracted default in payment ( Importer has to pay
within four months of due date) and Under special
circumstances specified in the policy, buyer’s failure to
accept the goods though there is no fault on the part of
exporter.
Political Risks
(i) Imposition of restrictions in buyer’s country by the
Government for remittance sale proceeds which may
block or delay the payment to the exporter;
Political risks…
(ii) War, revolution or civil disturbances in the buyer’s
country;
iii) New import restrictions in the buyer’s country of
cancellation of valid import license after the date of
shipment or contract, as applicable;
(iv) Cancellation of valid export license or imposition of
new licensing restrictions after the date of contract,
applicable under Contracts Policy;
(v) Payment of additional transportation and insurance
charges occasioned by interruption or diversion of voyage
which can not be recovered from the buyer and
In case, where the buyer happens to be foreign Government
or Government department and it refuses to pay, the
default will fall under the category of political risks.
What are the risks not covered under standard policies of Export Credit
Guarantee Corporation ECGC?
Causes inherent in the nature of the goods;
Buyer’s failure to obtain import license in his country;
ECGC does not cover those risks that are covered by the commercial
insurers. Exporter can take comprehensive policy that covers both
commercial and political risks. If the exporter wants, he can take only
policy that covers political risks, depending on the requirements.
(However, it is important to note ECGC does not issue the policy
covering only commercial risks)
If the goods are confiscated by the customs on charges of smuggling,
then insurance does not cover.
In Short, Export credit insurance is designed to protect exporters from
the consequences of the payment risks, both political and commercial,
and to enable them to expand their overseas business without fear of
loss.
GS1 India was set up by Ministry of Commerce and Industry,
Government of India along with leading Chambers of Commerce and
Industry, BIS . Its founder members include:
Ministry of Commerce and Industry, Government of India
Spices Board
APEDA (Agricultural & Processed Food products Export Development
Authority)
CII (Confederation of Indian Industry)
FICCI (Federation of Indian Chambers of Commerce and Industry)
ASSOCHAM (Associated Chambers of Commerce and Industry of India)
IMC (Indian Merchants’ Chamber)
FIEO (Federation of Indian Export Organizations)
BIS (Bureau of Indian Standards)
IIP (Indian Institute of Packaging)
GS1 identification standards do not provide identification of country of origin
for a given product. Member companies may manufacture products anywhere
in the world.
GS1 India
GS1 mission is to improve the efficiency, safety and
visibility of supply chains across physical and digital
channels through the use of global GS1 standards.
It is best recognised for its barcode standard, which is
scanned over 6 billion times each day – from scanning
groceries, or buying products online, to locating
equipment in a hospital quickly enough to save a life.
GS1 is a not-for-profit, industry-led global organisation
headquartered in Brussels and oversees operations of 112
GS1 Organisations across the world.
Over two million companies, across 25 industry sectors
such as Retail, Healthcare, Transport and Logistics use GS1
standards. The majority of GS1 standards are endorsed and
referenced in ISO standards.
GS1 India -Services
An applicant may now choose one of the two options for
application submission:
File an online application and submit a physical copy of
the application by taking a printout of the online
application.
Submit a physical copy of the application directly at the
regional DGFT office
Process of online application
i) Applicants can file an on-line application at the DGFT web-site http://dgft.gov.in.
On-line form has been designed to ensure feeding of all the required information
by prompting user wherever a field is left blank. Applicant has to submit scanned
copies of PAN and bank certificate along with their application.
ii) There are 2 options for payment of fee.
(A)If fee is paid by Demand Draft, IEC will be generated
only after receipt of the physical copy of the application.
(B) If IEC application fee is paid through Electronic Fund
Transfer facility, IEC number will be generated by the
licensing office automatically and the number can be
viewed online by the applicant.
iii) On the receipt of physical copy of the application, the
same IEC will be printed in 24 hours time and dispatched
to the firm.
Conditions of licence
It shall be deemed to be a condition of every licence for
export that:
no person shall transfer or acquire by transfer any licence issued by
the licensing authority except in accordance with the provisions of the
Policy;
the goods for the export of which the licence is granted shall be the
property of the licensee at the time of the export.
The licensing authority may issue a licence for import subject to one
or more of the following conditions, namely:
that the goods covered by the licence shall not be disposed of except
in accordance with the provisions of the Policy or in the manner
specified by the licensing authority in the licence;
that the applicant for a licence shall execute a bond for complying
with the terms and conditions of the licence.
It shall be deemed to be a condition of every licence for
import that:
no person shall transfer or acquire by transfer any licence
issued by the licensing authority
the goods for the import of which a licence is granted shall
be the property of the licensee at the time of import and
upto the time of clearance through customs;
the goods for the import of which a licence is granted shall
be new goods, unless otherwise stated in the licence;
the goods covered by the licence for import shall not be
exported without the written permission of the Director
General.
Refusal of licence
The Director General or the licensing authority may for reasons to be
recorded in writing, refuse to grant or renew a licence if
the applicant has contravened any law relating to customs
or foreign exchange;
the application or any document used in support thereof
contains any false or fraudulent or misleading statement;
it has been decided by the Central Government to canalise
the export or import of goods and distribution thereof, as
the case may be, through special or specialised agencies;
any action against the applicant is for the time being
pending under the Act or rules and Orders made
thereunder.
the applicant fails to pay any penalty imposed on him under
the Act;
the applicant has tampered with a licence;
the applicant or any agent or employee of the
applicant with his consent has been a party to any
corrupt or fraudulent practice for the purposes of
obtaining any other licence;
the applicant is not eligible for a licence in
accordance with any provision of the Policy;
the applicant fails to produce any document called
for by the Director General or the licensing
authority;
in the case of a licence for import, no foreign
exchange is available for the purpose;
the application has been signed by a person other
than a person duly authorized by the applicant
under the provisions of the Policy;
the applicant has attempted to obtain or has
obtained cash compensatory support, duty
drawback, cash assistance benefits allowed to
Registered Exporters or any other similar benefits
from the Central Government or any agency
authorised by the Central Government in relation
to exports made by him on the basis of any false,
fraudulent or misleading statement or any
document which is false or fabricated or tampered
with
Amendment of licence -
The licensing authority may of its own motion or on an
application by the licensee, amend any licence in such
manner as may be necessary or to rectify any error or
omission in the licence.
Suspension of a licence
The Director General or the licensing authority may, by order in
writing, suspend the operation of a licence granted toany person,
if any order of detention has been made against such person
under the provisions of the Conservation of Foreign Exchange
and Prevention of Smuggling Activities Act, 1974 (52 of 1974); or
a partnership firm or a private limited company, if the person
referred to in clause (a) is a partner or a whole time director or
managing director, as the case may be, of such firm or company:
Cancellation of a licence.
The Director General or the licensing authority may
by an order in writing cancel any licence granted
under these rules if
the licence has been obtained by fraud, suppression of
facts or misrepresentation; or
the licensee has committed a breach of any of the
conditions of the licence; or
the licensee has tampered with the licence in any
manner; or
the licensee has contravened any law relating to
customs or foreign exchange or the rules and
regulations relating