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MEIS



The Merchandise Exports from India Scheme (MEIS Scheme) is an export incentive scheme introduced under the Foreign Trade Policy 2015-20, which came into effect from 01.04.2015 and will be valid until December 2020. MEIS Scheme was introduced with an objective to promote the export of goods from India by providing incentives in the range of 2-7% of the FOB value of exports for notified/specific products. By providing these incentives, MEIS Scheme aims to make Indian goods competitive in the global markets by offsetting infrastructural inefficiencies and associated costs involved in exports from India.



R0DTEP



The RoDTEP Scheme came into existence because the USA filed a complaint against India at the World Trade Organization (WTO). USA argued that export subsidies like the MEIS scheme given by GOI give undue benefits to Indian exporters and it is against the WTO rules. Consequently, India lost the case at WTO, and the ruling was in favour of the USA. It meant that now India had to stop the MEIS scheme and come up with a new WTO compliant scheme to help Indian exporters. Hence, the Finance Minister in her Budget Speech on 1st February 2020 had announced that Scheme for Remission of duties and taxes on export products would be launched. Consequently, the RoDTEP Scheme was approved by the Union Cabinet on 13th March 2020 and it came in effect from 1st January 2021 and will be until 2025.



SEIS



The SEIS Scheme or Service Export from India Scheme is an incentive given by the Ministry of Commerce through the Directorate General of Foreign Trade (DGFT) to Service Exporters based in India. This reward scheme is to promote the export of services from India. SEIS Scheme was introduced on 1st April 2015 for 5 Years under the Foreign Trade Policy of India 2015-2020. Earlier, this Scheme was named as Served from India Scheme (SFIS Scheme) for Financial Year 2009-2014.



Advance Authorisation Scheme



Advance Authorisation Scheme (AAS) or Advance License Scheme is a type of duty exemption scheme introduced by the Government of India under the Foreign Trade Policy 2015-2020. Under this scheme, exemption from the payment of import duties is given to raw materials/inputs required for the manufacture of export products i.e., you can import raw materials/inputs at zero customs duty for the production of export products. The purpose of this scheme is to make India’s products competitive in the global market. When duties paid on raw materials are saved, it automatically brings down the cost of the final export product.



STATUS HOUSE CERTIFICATE



The main objective of foreign trade policies is to make the import-export process simple and attractive for importers, exporters, and traders. There are various export promotion schemes, and Status Holder Certificate is one of them. The Objective of the Export House Certificate or Status Holder Certificate is to boost export performance. As per the updates to the Foreign Trade Policy of 2015-2020, exporters are assigned status holder positions by their export performance. If you have attained a leadership position in your business niche and have an excellent track record of international commerce, you can be a Star Export House. You must have also made significant contributions to India's foreign trade. Furthermore, you must agree to undertake the mentoring of upcoming Indian entrepreneurs and thus help strengthen India's export-related commerce.



EPCG Scheme



In one line, the Export Promotion Capital Goods Scheme (EPCG Scheme) can be explained as “Duty-Free (Zero Customs Duty) Import of Capital Goods/Machinery for the manufacture of products meant for Export.” The Capital Goods may be used for production, pre-production & post-production stages of goods. This scheme is also known as zero duty EPCG scheme. We are all well aware of the heavy custom duties companies have to pay on the Capital machinery imported for the production requirements, due to which businessmen usually do not import them and compromise with the quality of the goods. The higher the price of the Machinery used to be, the higher the custom duty was, and this functionality started affecting the competitiveness and quality of manufacturing industries deeply. To improve this situation, The Government of India came up with a scheme where it was allowed to import capital goods at zero customs duty. EPCG Scheme was introduced by the Government of India to facilitate the Import of Capital Goods/Machinery for producing high-quality goods and services. The main aim of the EPCG Scheme is to improve India’s competitiveness in the manufacturing sector.



TMA



Transport and Marketing Assistance (TMA) scheme is introduced by the Government of India for agricultural products. It aims to provide less expensive transportation of goods, referred to as freight, which is an integral element of today’s international trade. Under this scheme, the cost of transportation required to export some specific agricultural products has lowered. It essentially means that the Freight Cost up to a specific limit will be reimbursed by the Government to make our Agricultural products competitive in the global market. It also provides benefits for the marketing of agricultural products, which helps to promote the brands and help them attain the recognition for Indian agrarian products in the overseas markets. The TMA Scheme is included in the Foreign Trade Policy (2015-20) and was introduced on 01.03.2019.



R0SCTL



The cabinet of India approved the RoSCTL Scheme to rebate all state and central taxes for garments and made-ups by replacing the previous scheme Rebate of State Levies, which provides only rebates of state taxes. The RoSCTL Scheme came into effect from 07/03/2019. As we know, the USA has filed a complaint against India at the World Trade Organization (WTO). The complaint is that the Indian government gives undue benefits to Indian Exporter under export subsidies like the MEIS scheme, and it is against the WTO rules. Therefore, the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme is a new scheme introduced by the Ministry of Commerce. Currently, RoSCTL scheme is only valid for garments and made-ups (i.e., Chapter 61, 62 & 63). Further, this scheme would be extended to all sectors.



SIMS



The Government of India felt the need for Import Monitoring Systems which enable the analysis and maintenance of statistical database recording of various import products entering into the country. Consequently, Mr. Piyush Goyal the Minister of Commerce and Industry has launched the Steel Import Monitoring System (SIMS) for steel imports on 16th September 2019. It came into effect from 1st November 2019 as per the Notification no.17/2015-2020.



DSC



We apply for all types of DSCs. We provide the DSC key in 1 working day. DGFT DSC is mandatory for applying export benefits. A Digital Signature Certificate is a secure digital key that is issued by the certifying authorities for the purpose of validating and certifying the identity of the person holding this certificate. Digital Signatures make use of the public key encryptions to create the signatures. A digital signature certificate (DSC) contains information about the user’s name, pin code, country, email address, date of issuance of certificate and name of the certifying authority.



iec



For any Imports and Exports activities, the basic requirement is obtaining IEC. To obtain IEC Number and Updating of IEC data base from the Regional offices of DGFT.



RCMC



Register Cum Membership Certificate- RCMC is a mandatory certificate for claiming export benefits. We apply and let you avail RCMCs of various export promotional councils like APEDA, MPEDA, CRES, EEPH, EEPC, APEC, etc.



FSSAI



An Food Safety and Standards Authority of India (FSSAI) license is required for all businesses that are into food and food products. It is a mandatory requirement for all businesses in the country that is engaged in the manufacture of food and food products, to acquire an FSSAI certificate. We undertake FSSAI license work from registration to renewal.



Miscellaneous services



We provide all other services related to DGFT, GST & Customs. We provide our service PAN India basis.



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Ph- +91 9962393869 | Email - osianoverseas29@gmail.com





OSIAN OVERSEAS - DGFT & GST Consultants