info@omeximgroup.in 

OUR SERVICES

Get Started Your Import & Export

Export Incentive Under Chapter 3

Duty Exemption Scheme Under Chapter 4 & 5

Import Licence Of Restricted Item

Refunds

Import & Export Clearance (CHA No. 11/1222)

Get Started Your Import & Export

Import Export Code (IEC)

The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in ‘specified services’ or ‘specified technologies’, i.e. services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc.  

Registration Cum Membership Certificate

Registration Cum Membership Certificate (RCMC) is issued by Export Promotion Councils/Commodity board/Development authority or other competent authority as prescribed in FTP or HBP Vol1. Any firm applying for an Authorisation to import/export or avail any other benefits / concession under FTP is required to furnish valid RCMC. 

Digital Signature Certificate


The digital equivalent of a handwritten signature or stamped seal, but offering far more inherent security, a digital signature is intended to solve the problem of tampering and impersonation in digital communications. Digital signatures can provide the added assurances of evidence to origin, identity and status of an electronic document, transaction or message, as well as acknowledging informed consent by the signer. 

Export Incentive Under Chapter 3

Merchandise Export India Scheme (MEIS License)

Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. Duty Credit Scrips shall be granted as rewards under MEIS. The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for the following requirements: (i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A. (ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification. (iii) Payment of service tax on procurement of services as per DoR notification. (iv) Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.

Service Export India Scheme (SEIS License)       

Services Exports from India Scheme introduced as per Foreign Trade Policy of India 2015-2020 from 1st of April 2015 to 31st of March, 2020. SEIS, Services Exports from India Scheme under Foreign Trade Policy of India 2015-20 is a modification of SFIS, Served from India Scheme under Foreign Trade Policy 2009-14. The rates of reward are 3% and 5%. Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports under SEIS. As per Foreign Trade Policy 2015-20, SEIS is also eligible to units of SEZs, Special Economic Zones. 

Incremental Export Incentive Scheme (IEIS License

The objective of the Scheme is to incentivize incremental exports.  The duty credit scrip will be freely transferable and shall also be eligible for domestic sourcing. An exporter would be entitled for a duty credit scrip @ 2% on the incremental growth (achieved by the exporter) on the FOB value of exports. Incremental growth shall be in respect of each exporter (IEC holder) without any scope for combining the exports for Group Company. Incentive will be admissible only if the IEC holder has achieved growth in the FY 12-13 / 13-14 compared to FY 11-12 / 12-13 respectively. Quantum of benefit will be calculated on the incremental growth achieved subject to eligibility criteria.

Focus Market Scheme (FMS License)                  

Focus Market Scheme is introduced on 11th September, 2009 with supplement later on 13th October, 2011 in annual supplement to Foreign Trade Policy with a vision to support exporters in competing with foreign export market against high freight cost and other externalities. The exporters of all products to countries, as notified in Appendix 37C of HBP Vol.1 are entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports in free foreign exchange. As per annual supplement to the Foreign Trade Policy announced by DGFT on 13th October, 2011, SFMS, Special Focus Market Scheme has been introduced by extending 1% duty credit for all exports to 41 countries with effect from 01st April, 2011. This duty credit of 1% is apart from 3% under FMS. In other words, if an exporter effects shipments to the above referred 41 countries listed, duty credit would be 4%. 

Focus Product Scheme (FPS License)                 

The main objective of this scheme is to incentivize export of products, which have high employment intensity and other advantages. FPS aims to promote these products in the international Market. The scheme was launched in 2006. Later several amendments were made to the scheme by adding more products eligible for export incentives under the scheme and giving different rate of duty credit scrip concessions. As per the FPS policy, exports of notified products to all countries shall be entitled for duty credit scrip equivalent to 2 -5 % of the value of exports for each licensing year. Duty credit scrip is a license to import commodities in a duty free manner for the scrip value (2-5% of exports).  

Market Link Focus Product Scheme (MLFPS License)

This article is a continuation of export schemes and incentives provided by Government of India to exporters to earn foreign exchange to strengthen India’s balance of trade favorable. Some of the export sectors or some of the export products could be left out under Focus Product Scheme list to enjoy reward scheme, but those sectors/products perform high intensity and provide employment potential. Such exporters are eligible for 2% incentives on FOB value of exports in foreign exchange under Focus Product Scheme when exported to the Linked Markets and countries, which are not covered in the present FMS list.

Vishesh Krishi Grameen Upaj Yojana (VKGUY License)

To promote exports of Agricultural Produce, Minor Forest Produce, Gram Udyog Products, etc Vishesh Krishi And Gram Udyog Yojana is introduced. Duty Credit Scrip benefits are granted with an aim to compensate high transport costs, and to offset other disadvantages. Exporters, of products notified in Appendix 37A of HBPv1, shall be entitled for Duty Credit Scrip equivalent to 5 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.  
Duty Credit Scrip benefits under VKGUY shall be granted only at a reduced rate of 3% in certain specified cases.

Serve From India Scheme (SFIS License)              


Under this scheme, all Indian Service Providers having free foreign exchange earning of at least Rs.10 Lakhs in preceding / current financial year can claim for Additional Duty Credit Scrip. This Duty Credit Scrip is equivalent to 10% of free foreign exchange earned during current financial year. Free foreign exchange earned through International Credit Cards and other instruments as permitted by RBI for rendering of service are also taken into account for computation of Duty Credit Scrip. Duty Credit scrip may be used for import of any capital goods including spares, office equipment and professional equipment, office furniture and consumables. Hotels of 1-star and above can import consumables such as food items and alcoholic beverages in addition to capital goods. This import can relate to any service sector business of applicant. Entitlement / goods (imported / procured) are transferable only within company group and managed hotels. 

Duty Exemption Scheme Under Chapter 4 & 5

Advance License

An Advance Licence is granted to a merchant-exporter or manufacturer-exporter for the import of inputs required for the manufacture of goods without payment of basic customs duty. However, such inputs shall be subject to the payment of additional customs duty equal to the payment of additional customs duty equal to the excise duty at the time of import, which shall be adjusted as specified in the policy. Manufacturer-exporters as well as merchant-exporters are also exempt advance licence and/or material imported thereunder is not transferred even after completion of export obligation. 

EPCG License

New Capital goods can be imported including computer software systems with a licence under the Export Promotion Capital Goods (EPCG) Scheme by, Manufacturer exporters with or without supporting Manufacturer, Vendor, Merchant exporters tied to supporting manufacturer and service providers are eligible to import capital goods. The capital goods imported by the licence holder shall be installed at the factory of the licence holder or his supporting manufacturer(s) / vendor(s). Capital goods (CG), including jigs, fixtures, dies, moulds and spares upto 20% of the CIF value of the capital goods may be imported at 5% Customs duty subject to an export obligation equivalent to 5 times CIF value of capital goods on FOB 
basis or 4 times the CIF value of capital goods on NFE basis to be fulfilled over a period of 8 years reckoned from the date of issuance of licence.

Refunds

Service Tax Refund



Earlier the procedure for refund of service tax paid on the services received by an exporter and used for the export of goods was governed by Notification No. 52/2011 dated 30-12-2011. In the new regime with the advent of the Negative list approach the said notification has been superseded by Notification No.41/2012 dated 29-06-2012. The rebate shall be granted by way of refund of service tax paid on the
specified services.  

4% SAD Refund

Imports into India are charged with a Special counter veiling duty known as Special Additional Duty (popularly known as SAD) at the rate of 4% and is leviable under sub-section (5) of Section 3 of the Customs Tariff Act, 1975. This is charged on the total value of imports including CIF + Basic Customs duty + CVD. This duty is to countervail sales tax leviable on the sale of goods in India to give level playing field to domestic industry. This 4% SAD is refundable to the import traders i.e. who sold their goods in India without changing identity of goods in pursuance of Notification No. 102/07-Custom Dt. 14.09.2007 subject to fulfilment of various conditions and procedure as laid down by government in various subsequent circulars, instructions and public notices. This refund is known as SAD Refund in commercial parlance.  

Terminal Excise Duty



In respect of supply of goods to an EPCG Authorisation holder, against Invalidation Letter, application for Advance Authorisation / DFIA shall be made as per procedures given in Chapter 4 of HBP. In respect of supply of goods to EPCG Authorisation holder against ARO, issued as per Paragraph 5.08 of HBP, refund of TED shall be allowed. No TED refund shall be provided for supply of goods to EOU / EHTP / STP / BTP.

SVB Refund



When subsidiary company imports from its Holding Company, custom may think that assessable value shown by subsidiary is less than actual value, they may levied EDD on import by subsidiary. It is refunded if importer prove assessable value is genuine. He has to take SVB order and claim refund from customs.   

Import / Export Licence of Restricted Item

Export of SCOMET items is restricted. Their export is permitted only against an authorisation / licence. Export restriction and licence applies to SCOMET exports from SEZ as well. All applications for licence for export of SCOMET items are considered on merits by an Inter-Ministerial Working Group (IMWG) in the DGFT. Once the case is approved by the IMWG, permission letter is issued to the exporter for obtaining export authorization from the concerned Zonal/Regional office of the DGFT. D



As per the provisions of Exim Policies, The Central Government, in public interest, regulates the import or export of goods by means of a Negative List of Imports. This Negative Lists consist of goods whose import is prohibited & restricted through licensing or otherwise, or canalised and accordingly prohibited items in this Negative List of imports shall not be imported. Such goods can only be imported or exported by the canalising agency specified in the Negative Lists. The Directorate General of Foreign Trade may, however, grant a licence to any company to import or export any canalised goods. Our Service is including obtaining of Approval Head DGFT Office at New Delhi and Final License from Regional DGFT Office. 

Import / Export Clearance

-AD Code Registration
-First Time Import & Export Clearance
-Clearance of Import Shipment at Sea / Air
-Clearance of Export Shipment at Sea / Air
-All types of License Registration at all Custom
-Bond & BG Cancellation of EPCG License
-Bond & BG Cancellatoin of Advance License