FOREIGN TRADE POLICY

Requirement To Obtain Iec For A Service Exporter

 For export of services or technology, IEC to be obtained on the date of rendition of services for availing benefit under the FTP as compared with earlier requirement of IEC being necessary only when the service provider is taking benefits under the FTP.

Clearance Of Goods From Customs Against Authorization

 Goods in ‘Restricted’ items or items traded through STEs, which are already imported / shipped / arrived, in advance, but not cleared from Customs may also be cleared against an Authorization issued subsequently, when first warehoused against Bill of Entry for Warehousing and then cleared for home consumption against an Authorization issued subsequently, if specifically allowed by DGFT. Earlier, there was no provision to allow such clearance by DGFT.