Imports and exports are considered “free” unless they are classified as “prohibited” or “restricted” items or “exclusive trading through state trading enterprises”.… Read more List of “prohibited” and “restricted” items
Chapter 5 of the Foreign trade policy (FTP) is dedicated to the EPCG scheme. The EPCG scheme is a popular… Read more Chapter 5 of FTP
One of the popular schemes for exporters is EPCG. You can import a machinery at any stage i.e. pre/post-production or… Read more Scheme for Exporters
In the EPC industry, there is little standardization. Simple things mean different to various people. It doesn’t matter whether you… Read more Defining Key Terms in your Contract
In the context of import/export, “free” signifies those goods that do not need a permission in the form of license,… Read more What is meant by “free” in EXIM
Yes. See 5.01 [a] [iii] of FTP 2015-20. An authorization holder can get spares under EPCG.
In case you have imported spares, please submit the installation certificate within three years from date of import. Refer Handbook… Read more When should an installation certificate be submitted for spares
It is a standard applicable to both welded or seamless steel line pipes that find applications in the water, oil, gas industry.
RA means regional authority and is an entity that is empowered to grant authorization.
Importer Exporter Code is issued by DGFT (Directorate General of Foreign Trade).