IN THE SUPREME COURT OF INDIA CIVIL ORIGINAL JURISDICTION TRANSFER PETITION (CIVIL) NOS. 496-509 OF 2020 UNION OF INDIA AND OTHERS ….. PETITIONERS(S) VERSUS AGRICAS LLP AND OTHERS ETC. ….. RESPONDENT(S) W I T H TRANSFER PETITION (CIVIL) NO. OF 2020 (DIARY NO. 8823 OF 2020) J U D G M E N T SANJIV…
Exports Incentives Scheme Merchandise Exports from India Scheme (MEIS) The MEIS rewards exporters by offsetting the infrastructural inefficiencies and associated costs. This scheme provides incentives to exporters in the form of duty credit scrips to refund losses on paid duties. Under the MEIS, an incentive of 2-5% of the ‘Free On Board’ (FOB) value of…
The Goal • India’s Foreign Trade Policy aims to (1) increase the country’s share of global trade from the current 2.1 percent to 3.5 percent and (2) double its exports to $900 billion by 2020. • However, India faces myriad obstacles: lack of full understanding of trade policy and its potential benefits, a poorly developed…
The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall be required only when the service or…
