Skip to main content

View more from News & Articles or Primerus Weekly

By: Seth Dua & Associates
New Delhi, India

Recently, DGFT issued a notification for revocation of the physical filing of Form ANF-2A for issue / modification of IEC number w.e.f. January 1, 2015. The application for new IEC will need to be filed in online mode only, along with requisite documents. The decision regarding grant / refusal of IEC should be conveyed within 2 working days by concerned jurisdictional Regional Authorities.

Further, online facility is also available on e-biz portal of Department of Industrial Policy & Promotion after integration with DGFT's system. The DGFT has also prescribed new Form ANF-2A.

Foreign Trade Policy (“FTP”) expected soon, Commerce Ministry discussing with other ministries to boost SEZ

The Ministry of Commerce has recently promised a different FTP to be issued as early as possible. Currently, the Ministry is deliberating on Minimum Alternate Tax & Dividend Distribution Tax related matters for SEZ with various ministries since SEZ is an instrument for enhancement of exports & manufacturing and contributes 25% to India's exports.

For more information about Seth Dua & Associates, please visit the International Society of Primerus Law Firms.