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  • Starting Export Chapter 7 of Export License.
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    Export License.


    An export license is a document issued by the appropriate licensing agency after which an exporter is allowed to transport his product in a foreign market. The license is only issued after a careful review of the facts surrounding the given export transaction. Export license depends on the nature of goods to be transported as well as the destination port. So, being an exporter it is necessary to determine whether the product or good to be exported requires an export license or not. While making the determination one must consider the following necessary points:

    • What are you exporting?
    • Where are you exporting?
    • Who will receive your item?
    • What will your items will be used?


    Canalisation is an important feature of Export License under which certain goods can be imported only by designated agencies. For an example, an item like gold, in bulk, can be imported only by specified banks like SBI and some foreign banks or designated agencies.

    Application for an Export License

    To determine whether a license is needed to export a particular commercial product or service, an exporter must first classify the item by identifying what is called ITC (HS) Classifications. Export license are only issued for the goods mentioned in the Schedule 2 of ITC (HS) Classifications of Export and Import items. A proper application can be submitted to the Director General of Foreign Trade (DGFT). The Export Licensing Committee under the Chairmanship of Export Commissioner considers such applications on merits for issue of export licenses.

    Exports Free unless regulated

    The Director General of Foreign Trade (DGFT) from time to time specifies through a public notice according to which any goods, not included in the ITC (HS) Classifications of Export and Import items may be exported without a license. Such terms and conditions may include Minimum Export Price (MEP), registration with specified authorities, quantitative ceilings and compliance with other laws, rules, regulations.

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    What is New?

    Date: 20-10-2016
    RBI/2016-17/88 A.P. (DIR Series) Circular No. 6
    Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy

    Date: 20-10-2016
    RBI/2016-17/89 A.P. (DIR Series) Circular No. 7
    Investment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations, 2000

    Date: 20-10-2016
    RBI/2016-17/90 A.P. (DIR Series) Circular No. 8
    Foreign investment in Other Financial Services

    Date: 20-10-2016
    RBI/2016-17/91 A.P. (DIR Series) Circular No. 9
    Rupee Drawing Arrangement - Trade related remittance limit

    Date: 20-10-2016
    RBI/2016-17/92 A.P. (DIR Series) Circular No. 10
    External Commercial Borrowings (ECB) – Extension and conversion

    Date: 20-10-2016
    RBI/2016-17/93 A.P. (DIR Series) Circular No. 11 [(1)/14(R)]
    Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016

    Date: 20-10-2016
    Customs Circular No. 47/2016
    Rebate of State levies on Export of Garments-Implementation by CBEC

    Date: 20-10-2016
    DGFT Public Notice No. 39/2015-2020
    Inclusion of Inland Container Depots located at Kalinganagar and Turnb Village (Taluka Umbergaon, District Valsad) as a Port of Registration under Para 4.37 of Hand Book of Procedures (2015-2020).

    Date: 20-10-2016
    Customs Notification No. 127/2016 (NT)
    Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016

    Date: 17-10-2016
    Customs Notification No. 3/2016-Customs (N.T./CAA/DRI)
    Appointment of Common Adjudicating Authority by DGRI

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