Any change or alteration made in the business details which is carrying on Import Export Code Certificate need to modify immediately while filing an IEC modification application online before DGFT.
In case of non-intimation of changes in business details with DGFT may cause cancelation of import-export code and in some cases may result in pecuniary action as well.

The Federation of Indian Export Organisations is an organisation for export promotion in India. It was jointly instituted in 1965 by the Ministry of Trade & Commerce and private trade & industry.
The FIEO acts as a representative for all the Indian entrepreneurs who are involved in the export-import market. FIEO acts as an apex body on all export promotion organizations in India. It is thus a partner of the Government of India in promoting India’s exports.

Agricultural & Processed Food Products Export Development Authority (APEDA) is a Government association founded in 1985 through an act for the Development and Growth of export of scheduled commodities. It furnishes financial assistance, information, guidelines towards the advancement of scheduled products. The products prescribed under the APEDA Act are considered as schedule products and exporters of such scheduled products are compelled to register under APEDA.

LUT is an acronym for the Letter of Undertaking, which is a document filed by an exporter to get a relief from payment of IGST on exports. In order to boost exports, the government has provided the option of filing LUT for exporters to do exports without payment of IGST.
Earlier, the importers & exporters had to pay IGST on the purchases of input as well as on export of goods. However, they could claim the refund of GST, but that was a really long-drawn process.

For starting an Import and Export business in India, you must have two registrations as per Government regulations. One is IEC Registration, and another one is AD Code Registration. Without these two registrations, you can not start an import-export business in India. The AD Code is required for customs clearance of your Goods.

India is well-known for its spices. Even before India’s spirituality captured the world’s attention. It was the aroma of our spices that drew people to our nation. Moreover, India has now emerged as a worldwide participant in the spice trade. The business of exporting spices has become very beneficial for many.

The CHIMS (Chip Import Monitoring System) Registration is a new import policy that requires importers to register with DGFT. The Registration is mandatory for importers of several products and can be obtained online.
Under CHIMS Registration, Policies that meet the ‘free’ requirements are converted to ‘free subject to obligatory registration’ under this registration. Furthermore, the Import Policy criteria for ITC (HS) 85423100, 85423900, 85423200, 85429000, and 85423300 have been amended.

If anyone wants to export the items such as Food, Drugs, Cosmetics, Color Additives, Medical Devices, Supplement, Even PPE Kit to the U.S.A, they must obtain US FDA Certification. The US FDA Certification’s main purpose is to protect and manage public health in the United State of America. The US FDA also focuses on guaranteeing the security and protection of the biologically generated product.

• Core function: Manages government funds disbursement and tracking.
• Relevance: Crucial for receiving government grants, subsidies, or payments.
• Interconnections:
  • GST and Drawback Refund: PFMS is often integrated with GST systems to track refunds.
  • ROSCTL and RODTEP: These export promotion schemes might involve PFMS for subsidy or incentive disbursement.

• Issue accurate and compliant Certificates of Origin for export shipments.
• Advise clients on the specific requirements for different countries and trade agreements.
• Ensure timely issuance to avoid export delays.

• Goods and Services Tax (GST): A consumption-based tax levied on the sale of goods and services.
• Calculate and claim GST refunds (drawback) on exported goods.
• Assist in preparing and submitting necessary documentation.
• Optimize refund claims to maximize savings for clients.

• Rebate of State and Central Taxes and Levies (ROSCTL): A scheme to refund state and central taxes and levies on exported products.
• Remission of Duties and Taxes on Exported Products (RoDTEP): A newer scheme replacing ROSCTL and MEIS, providing refunds for embedded taxes and levies on exported products.
• Export Relevance: Both schemes are incentives to boost exports by reducing the cost of production.
• Guide clients through the application process for ROSCTL and RODTEP incentives.
• Ensure compliance with eligibility criteria and documentation requirements.
• Maximize incentive benefits by optimizing claim calculations.

• Rebate of State and Central Taxes and Levies (ROSCTL): A scheme to refund state and central taxes and levies on exported products.
• Remission of Duties and Taxes on Exported Products (RoDTEP): A newer scheme replacing ROSCTL and MEIS, providing refunds for embedded taxes and levies on exported products.
• Export Relevance: Both schemes are incentives to boost exports by reducing the cost of production.
• Guide clients through the application process for ROSCTL and RODTEP incentives.
• Ensure compliance with eligibility criteria and documentation requirements.
• Maximize incentive benefits by optimizing claim calculations.

• Provide technical assistance for navigating the ICEGATE and DGFT portals.
• Resolve issues related to data entry, document uploading, and system errors.
• Offer training and support for efficient use of the portals.