Online India Export Import Data Search

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?







Enquiry Form

Fields marked with an asterisk * are required.

 

+



What is New?

Date: 28-04-2016
RBI/2015-16/384 A.P. (DIR Series) Circular No. 64
Foreign Exchange Management (Remittance of Assets) Regulations, 2016

Date: 28-04-2016
RBI/2015-16/385 A.P. (DIR Series) Circular No. 65
Import of Goods: Import Data Processing and Monitoring System (IDPMS)

Date: 28-04-2016
RBI/2015-16/386 A.P. (DIR Series) Circular No. 66
Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-Resident Exchange Houses: Rupee Drawing Arrangement

Date: 27-04-2016
Customs Circular No. 14/2016
Regarding carriage of coastal cargo from one Indian port to another port in vessels carrying out coastal runs

Date: 27-04-2016
Customs Notification No. 59/2016 (NT)
Amendment in Principal Notification No. 12/97-Customs (N.T) dated 02.04.1997

Date: 27-04-2016
Customs Notification No. 58/2016 (NT)
Appointment of Common Adjudicating Authority

Date: 27-04-2016
Customs Notification No. 57/2016 (NT)
Customs Notification No. 57/2016 (NT)

Date: 27-04-2016
Customs Notification No. 56/2016 (NT)
Customs Notification No. 56/2016 (NT)

Date: 26-04-2016
Customs Notification No. 29/2016
Seeks to amend notification No. 12/2012-Customs dated 17.03.2012 to prescribe simplified procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts.

Date: 26-04-2016
Notification No. 15/2016-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of Synchronous Digital Hierarchy Transmission Equipment originating in, or exported from China PR and Israel for a period of five years.



Exim Guru Copyright © 1999-2016 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