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Every licence/certificate/permission shall be valid for the period of validity specified in the licence/ certificate/ permission and shall contain such terms and conditions as may be specified by the licensing authority which may include:
- The quantity, description and value of the goods;
- Actual User condition
- Export obligation
- The value addition to be achieved
- The minimum export price.
Where the date of expiry of the licence/ Certificate/ permission /duty credit certificates falls before the last day of the month, it shall be deemed to be valid until the last day of the month. This provison would be applicable even for a revalidated one.
The period of validity means the period for shipment dispatch of goods covered under the licence/certificate/ permission. The validity of an import licence/ certificate/ permission is decided with reference to the date of shipment dispatch of the goods from the supplying country as given in paragraph 9.11 of this Handbook and not the date of arrival of the goods at an Indian port.
Revalidation of Import! Export Licence/ Certificate! Permissions
The licence/certificate/permission may be revalidated on merits by the licensing authority concerned, which has issued the licence/ certificate/permission, for a period of six months at a time but not beyond a period of 12 months reckoned from the date of expiry of the validity period.
In case the licence/ certificates/ permissions expires in the custody of the' concerned licensing authority, revalidation would be permitted under the specific orders of the Head of the Office for a period for which the Licence/ Certificate! Permissions have remained in Custody with the concerned licensing authority.
An application for revalidation may be made to the licensing authority concerned in the form However, in such cases where revalidation of the licence/certificate/permissions is to be considered· by DGFT, the original application along with Treasury Receipt (TR) !Demand Draft shall be submitted to the regional licensing authorities concerned and self-attested copy of the same shall be submitted to DGFT.
Duplicate Copies of Export-Import Licence/ Certificate/ Permissions/ CCPs
Where a licence/certificate/permission or an actual user duty credit certificate is lost or misplaced, an application for grant of a duplicate copy thereof may be made along with a copy of an affidavit, to the licensing authority which has issued the original licence/ certificate/ permission.
The licensing authority concerned may, on merits, issue a duplicate copy of the same after issuing an order for cancellation of the original licence/certificate/ permission and after informing the customs authority where the original licence/ certificate/permission was registered.
- An application with a fee equivalent to 10% of duty saved or duty credit.
- A copy of FIR reporting the loss.
- A copy of the original affidavit on notarized stamp paper.
- Indemnity bond on a stamp paper undertaking to indemnify the revenue loss to the government which may be caused on account of issue of duplicate licenses covering the duty saved duty credit amount.
The licensing authority, before issuing the licenses, shall obtain the report regarding utilization of the licence/ certificate/permissions from the Custom authority at the port of registration mentioned in the original licence/ certificate/permission.
The duplicate licence/ certificate/ permission shall be issued only for the balance, which remained unutilized as per the report furnished by the Customs authority at the port of registration.
Identity Cards
To facilitate collection of licence/ certificate/ permissions and other documents, identity cards may be issued to the proprietor/ partners/ directors and the authorised employees (not more than three), of the importers and exporters.
Application form for allotment of IEC Number/Identity card
- Application status :
For New IEC No…………..
For status modification ……………
For Identity card…………..
- Name of the Applicant ……………………………
- Address of the applicant ……………………………… …………………………………………………………………….
- Particulars of the fee paid ………………………
- Bank receipt /Demand Draft No…………………….
- Date of issue
DD MM YY
- Amount (in Rs) …………………………………………
- Name of Bank & Branch of issue ………………………………..
- Existing IEC No. (If previously allotted)……………………………….
- Existing Identity Card No. (If previously issued)……………………
- RBI Code No., if any…………………………………..
- Permanent Account number (PAN) of income tax……………………
- Date of establishment of the company………………………….
- Category code of applicant (Please tick appropriate box)
- Government under taking
- Public Ltd.Co.
- Private Ltd.Co.
- Proprietary firm
- Partnership firm
- Others (please specify)
- Name and address of branches located in India and abroad
( add extra sheet if, required)
- Details of Directors /Partners/Proprietor in the broad of
Directors/Management of the legal entity:
- Name ……………..
- Fathers name …………..
- Residential address……………..
- Name, Designation and full residential address of the authorized employee in whose name the identity card to be issued
Name………………………………….
Designation………………………….
Residential address…………………………
I /we hereby declare that the information given in the application and documents attached here with is true and correct to the best of my /our knowledge & belief and nothing has been concealed.
I /we hereby declare that this application is made by me /us in the name of Head/Principal office and I /we have not obtained or applied for any importer/exporter code number previously in this name any office of the DGFT
Signature (of the applicant)……………………………….
Name …………………………………
Designation……………………………………
Full office address……………………………..
Full Residential address……………………………..
Photo dully attested
Place:
Date…
Supporting documents:
- Bank receipt/DD evidencing payment of fee
- Income tax payment account number
- Sales tax registration certificate
- A copy of the passport
- 3 Photographs of applicant
Tariff policy:
India & US have reached on an Agreement for reciprocal market access commitments for Textiles and Apparel with the negotiation of the WTO Agreement on Textile & Clothing. It provides elimination of Quota system of Textiles & Apparel from 1st January 2005.
- Under Indo-US Agreement of 1st January 1995, India agreed to reduce tariffs on Textile & apparel and remove all the restrictions on these products.
- From 1st April 2000, Govt. Of India reduced tariffs on: . Manmade Fibers & Filament Yarns from 35% to 20% · Cotton Yarn from 25% to 20% · Spun, Blended, and Woolen Yarn from 40% to 20 %
- India agreed to bind its tariffs on 265 textile & apparel products (Textured Yarns of Nylon & Polyester, Filament Fabrics, Sportswear, and Home Textiles.)
- Apparel products are free from Excise Duties & various Taxes.
- Grey Fabrics and certain Cotton Yarns are exempt from basic Excise Duty.
- Customs duty on Polyester Filament Yarns is reduced from 10% to 7.5%. Duty on other Filament yarns will be remain at 10%.
- Customs duty on Polyester Staple fibers is reduced from 10% to 7.5%. Duty on other Man Made Staple fibers will be remain at 10%.
- Customs duty on Raw Materials such as DMT, PTA and MEG reduced from 10% to 7.5%.
- For Small Scale Industries there is full exemption limit being increased from Rs. 1 crore to Rs. 1.50 crores
- Most of the products fall under HS code 61 and 62 carry an import duty of 56.83% which includes 30% basic duty, 16% additional duty and 4 per cent special additional duty
- Excise duty on Nylon Chips has been reduced from 16% to 12%.
- Optional excise duty on Nylon Fish Net Fabrics is increased from 8% to 12%.
- Excise Duty Exemption on specified Textile Machinery Items is withdrawn and 8% Excise Duty is imposed.
- CST rate reduced from 4% to 3% with effect from April 1, 2007.
- Removal of surcharge on income tax on all firms and companies with a taxable income of Rs.1 crore or less.
Import Licensing:
India has liberalized its Import regime for Textiles and apparel, but some of the part is still limited for market access. Currently, there is no import restriction for yarns & fabrics items. Apparel & Made-up textiles goods require a Special Import License (SIL). Govt. revised Exim Policy on 31st March 1999 by eliminating Import Licensing Requirements for 894 consumer goods, agriculture products and textiles. On 28th December 1999 India and Us signed an Agreement for the elimination of import restrictions of 1,429 agriculture, textiles, consumer goods and apparel. India removed restrictions on 715 tariff items as of 1st April 2000.
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Participants