Showing posts with label DEPB. Show all posts
Showing posts with label DEPB. Show all posts

6/30/10

Import Export Code, IEC Registration in India

We have pleasure to introduce ourselves as one of the leading Import Export Advisors & Business Consultants in India. We have been in this field for the last 9 years.

We have extensive experience in all the fields of the Foreign Trade Policy announced by the Government viz Deemed Export Duty Drawback, Import Authorisation for Restricted Items, Export Authorisation for Restricted Items, IEC, Advance Authorisation, Duty Free Import Authorisation, Fixation/Modification of Standard Input Output Norms (SION), DEPB, EPCG Scheme, EOUs etc. Our clients are spread all over India in all the corners of the country.

Why we are making Relationship
As Import-Export Solutions has earned a reputation for having a certain “mystique,” there is no mystery to how we serve our clients. Our methodology applies a handful of core principles to every client engagement.

Work with our clients not for them

By collaborating with our clients, we build support, ensure momentum and develop relationships that make a positive difference in our customers’ lives. “On many days, we gain greater insights from our clients.”

Bring the best of the talent to each client
We assemble a team best suited for each engagement, drawing our network of experts to ensure quality and unsurpassed service that, together, deliver premium value to our customers. “We get the right people involved, not just the people who are nearby or easy to reach.”

Preserve Confidentiality
We prefer not to discuss our clients or the work we do on their behalf. We believe this policy is in the best interests of our clients and that it safeguards our independence and objectivity.

By availing the above benefits, your costs would go down and your profits would also go up. Thus, you would become more competitive in the export market

Deemed Export Duty Drawback
We get processed hundreds of cases of Deemed Export Duty Draw Back benefit processed every year. We have handed over cheques worth crores of rupees to our customers for payment of deemed export duty drawback. Had these cheques not been received by our customers, they would have been required to obtain loans from various banks for their day to day operations. However, after obtaining cheques worth crores
of rupees, our customers’ businesses have grown by leaps and bounds. They have also saved lakhs of rupees of interest since they did not take any loan from the bank. Further, the cheques received by our customers have been used by them for capital formation in their EOUs. Also, the drawback cheques received by our customers are not one time payment but regular quarterly payments.

Import Authorisation for Restricted Items
We get processed hundreds of cases for issue of Import Authorisation for Restricted Items. We do the entire task of making the application, depositing the application, getting the application processed and cleared by following up in various offices of the Government and then finally getting the Import Authorisation for Restricted Items issued.

Export Authorisation for Restricted Items
We get processed hundreds of cases for issue of Export Authorisation for Restricted Items / SCOMET items. We do the entire task of making the application, depositing the application, getting the application processed and cleared by following up in various offices of the Government and then finally getting the Export Authorisation for Restricted / SCOMET Items issued.

Importer Exporter Code (IEC)
We get processed hundreds of applications for issue / modification of IEC every year for our clients all over India.

Advance Authorisation
We get processed thousands of cases for issue of Advance Authorisation. Thereafter, we also get the other items of work done i.e. getting the Input Output Norms fixed in respect of the Authorisation, amendments in the Authorisations, issue of EODC in respect of the Authorisations etc.

Duty Free Import Authorisation (DFIA)
We get processed thousands of cases for issue of DFIA. Thereafter, we also get the other items of work done i.e. amendments in the Authorisations, issue of EODC in respect of the Authorisations etc.

Fixation / Modification of Standard Input Output Norms (SION)
We get processed cases of fixation / modification of SIONs for various export products.

Duty Entitlement Pass Book (DEPB)
Under the DEPB Scheme, the objective is to neutralise the incidence of Customs Duty on import content of export product. The component of Special Additional Duty and Customs Duty on fuel is also allowed under DEPB (as brand rate) factored in DEPB rate in case of non-availment of CENVAT credit. The neutralisation is provided by way of grant of duty credit against export product.
We undertake the task of making the application, getting the application processed and then get the DEPB issued.

Export Promotion Capital Goods (EPCG) Scheme
EPCG scheme allows import of capital goods for pre production, Production and post production (including CKD / SKD thereof as well as computer software systems) at 3% Customs duty, and subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorisation issue-date. In case of agro units, and units in cottage or tiny sector, import of capital goods at 3% Customs duty shall be allowed subject to fulfilment of export obligation equivalent to 6 times of duty saved on capital goods imported, in 12 years from Authorisation issue date. For SSI units, import of capital goods at 3% Customs duty shall be allowed, subject to fulfilment of export obligation equivalent to 6 times of duty saved on capital goods, in 8 years from Authorisation Issue-date provided the landed cif value of such imported capital goods under the scheme does not exceed Rs.50 lakhs and total investment in plant and machinery after such imports does not exceed SSI limit. However, in respect of EPCG Authorisations with a duty saved amount of Rs. 100 crores or more, export obligation shall be fulfilled In 12 years.In case CVD is paid in cash on imports under EPCG, incidence of CVD would not be taken for computation of net duty saved, provided the same is not CENVATed. Capital goods shall include spares (including refurbished/ reconditioned spares), tools, jigs, fixtures, dies and moulds. Second hand capital goods, without any restriction on age, may also be imported under EPCG scheme.
We get processed hundreds of cases of EPCG Scheme every year from various Regional Offices of DGFT all over India. We undertake the task of making the application, getting the application processed and then get the EPCG Authorisation issued. Thereafter, we get the other tasks pertaining to EPCG Authorisation done i.e. fixation of nexus of import items with the export product, issue of EODC etc.

Export Oriented Units
Units undertaking to export their entire production of goods and services (except permissible sales in Domestic Tariff Area), may be set up under the Export Oriented Unit (EOU) Scheme for manufacture of goods, including repair, Re-making, reconditioning, re-engineering and rendering of services. Trading units are not covered under this scheme.
An EOU unit may export all kinds of goods and services except items that are prohibited in ITC (HS). Export of Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) shall be subject to fulfilment of the conditions indicated in ITC (HS). Procurement and supply of export promotion material like Brochure / literature, pamphlets, hoardings, catalog, posters etc. upto a maximum value limit of 1.5% of FOB value of previous years exports shall also be allowed.
An EOU unit may import and / or procure, from Domestic Tariff Area or bonded warehouses in Domestic Tariff Area / international exhibition held in India, without payment of duty, all types of goods, including capital goods, required for its activities, provided they are not prohibited items of import in the ITC (HS). Any permission required for import under any other law shall be applicable. Units shall also be permitted to import goods including capital goods required for approved activity, free of cost or on loan / lease from clients. Import of capital goods will be on a self certification basis. Goods imported by a unit shall be with actual user condition and Shall be utilized for export production.
(a) State Trading regime shall not apply to EOU manufacturing units. However, in respect of Chrome Ore/Chrome Concentrate, State Trading Regime as stipulated in export policy of these items, will be applicable to EOUs.
(b) EOU / STP units may import / procure from Domestic Tariff Area, without payment of duty, certain specified goods for creating a central facility. Software EOU / Domestic Tariff Area units may use such facility for export of software. 62
(c) An EOU engaged in agriculture, animal husbandry, aquaculture, floriculture, horticulture, pisciculture, viticulture, poultry or sericulture may be permitted to remove specified goods in connection with its activities for use outside bonded area.
(d) Gems and jewellery EOUs may source gold / silver / platinum through nominated agencies on loan / outright purchase basis. Units obtaining gold / silver / platinum from nominated agencies, either on loan basis or outright purchase basis shall export gold / silver / platinum within 90 days from date of release.
(e) EOU / STP / units, other than service units, may export to Russian Federation in Indian Rupees against repayment of State Credit / Escrow Rupee Account of buyer subject to RBI clearance, if any.
(f) Procurement and export of spares / components, upto 5% of FOB value of exports, may be allowed to same consignee/ buyer of the export article, subject to the condition that it shall not count for NFE and direct tax benefits. Second hand capital goods, without any age limit, may also be imported duty free.
We undertake all tasks pertaining to EOUs viz issue of LOP/LoI, Conversion of LoP/LoI Acceptance of LUT, Renewal of LUT, Permission for broad banding /diversification, Permission for change in locations, Permission for Advance DTA sale, Permission for merger of units, Permission for enhancement of production capacity, Cancellation of LoP, Permission for debonding/exit, Permission for DTA sale, Eligibility certificate for employment visa for lower level technicians, Issue of Green Card, Renewal of Green Card, Permission for disposal of scrap/waste, Permission for change in name, Inter Unit Transfer, Ad-hoc Wastage Norms, Permission for re-import, Permission for replacement/ repair of goods, Allotment of I.E. code, Authorization of softex form, Reimbursement of CST claims, Issue of GSP Certificate, Permission for conversation of EOU to STPI,EPCG, Permission of final exit of EOU, Permission of extension of EOU, Permission to allow increase in value of Capital Goods, Permission for export through exhibition/ tour Reimbursement of Duty Drawback/TED etc.