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Department of Commerce, vide notification No.34/2015-20 dated 29-01-2016 had simplified the IEC application procedure with effective from the date of the said notification.  

Central Government issued the above notification to amend the existing para 2.05 (c) of Foreign Trade Policy (2015-20) and further introduces a new provision, part (d) under para 2.05.   

Existing policy: following are the requisite details /documents (scanned copies) to be submitted/ uploaded along with the...

Government of India in line with its ‘Make in India’ initiative, constituted a task force to examine various issues that are causing worries for the domestic medical device sector.    

Further based on the recommendations made by the said task force regarding the rationalization of custom duty structure so as to promote domestic manufacturing of medical devices, GOI has come up with the notifications 4/2016-Cus dated 19.01.2016 by amending serial number 473 and 474 of Notification...