Customs & Foreign Trade Policy

There is an innate tax implication for all global transactions. For every business, it is mandatory to address these liabilities according to Indian rules and acts, and for appropriate tax compliances and to mitigate risks for your business, our team offers expert advice in respect to incentives under customs and Foreign Trade Policy.

The government has taken several steps to incentivize exports & subsidize specific imports to boost international economic activities under Custom. EXIM and Foreign Trade Policy.

Relaxations have been provided by the government of India in the form of Advance Authorization (AA), Duty-Free Import Authorization (DFIA), Duty Drawback Scheme (DBK), and incentives like Export Promotion Capital Good (EPCG), Remissions of Duties and Taxes on Exported Products (RoDTEP), Merchandise Export of India (MEIS) & Service Export from India Scheme (SEIS) are provided for seamless international trade. Numerous steps have also been taken to encourage manufacturing and exports under 100% SEZ/EOU/EHTP/STPI/BTP Schemes.

How ASC help under Customs & Foreign Trade Policy?

• Advisory on Custom, EXIM & Foreign Trade Policy and Free Trade Agreements signed by India with other countries
• Advisory for set-up, benefits, and compliances of units in Special Economic Zone (SEZ) / Export Oriented Unit (EOU) / Software Technology Park of India (STPI) / Free Trade Warehousing Zone (FTWZ)
• Documentation, preparation, and filing of an application to get duty credit scrips under SEIS, MEIS and other Duty Exemption Schemes
• Providing assistance in liaising with DGFT and other authorities for obtaining various restricted licenses.
• Special Valuation Branch (SVB) registration & renewal and finalization of BOEs;
• Authorized Economic Operator (AEO) certification and renewal
• Documentation, preparation, representation with DGFT to avail EPCG Authorization, Advance Authorization, etc.
• Providing assistance in attaining redemptions from DFIA authorities
• Advisory & Representation for levy of anti-dumping duties
• Drafting of report and negotiations under PTA & FTA
• Obtaining Custom duty refunds like EDD refund, CEPA refund, etc.

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