Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Export License.




Introduction

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

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.

Table of Contents


DO YOU NEED HELP?







Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 23-02-2017
Central Excise Circular No. 1052/01/2017-CX
Classification of articles of paper and printing industry

Date: 23-02-2017
DGFT Notification No. 40/2015-2020
Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020.

Date: 22-02-2017
DGFT Notification No. 39/2015-2020
Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy(FTP) 2015-20

Date: 21-02-2017
DGFT Public Notice No. 59/2015-2020
Amendment in Chapter 2 of the Handbook of Procedure (2015-20)

Date: 20-02-2017
Service Tax Notification No. 08/2017 (ST)
Services by the operators of Common Effluent Treatment Plant by way of treatment of effluent from the 1st of July 2012 to 31st of March 2015

Date: 17-02-2017
DGFT Notification No. 38/2015-2020
Amendment in the list of Military Stores requiring NOC for export purpose.

Date: 16-02-2017
Customs Notification No. 12/2017 (NT)
Rate of exchange of conversion of the foreign currency with effect from 17th February, 2017

Date: 16-02-2017
Instruction
Periodicity of CAS-4 certificates-reg

Date: 16-02-2017
Service Tax Circular No. 204/2/2017–ST
Applicability of service tax on the services by way of transportation of goods by a vessel from a place outside India to the customs station in India w.r.t. goods intended for transshipment to any country outside India

Date: 16-02-2017
RBI/2016-17/233 A. P. (DIR Series) Circular No.31
Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors



Exim Guru Copyright © 1999-2017 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001