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Related Keywords: assist and advice exporters, constituted a GST facilitation cell, DGFT, Directorate general of Foreign Trade, functioning under ministry of commerce and industry, present tax regime to GST regime, smooth transition, trade and industry, with effect from July

Directorate General of Foreign Trade (DGFT), functioning under the ministry of commerce and industry, Government of India, has constituted a Goods and Services Tax (GST) facilitation cell to assist and advice exporters, trade and industry for smooth transition from present tax regime to GST regime with effect from July 1, 2017.

Related Keywords: as per World Trade Organisation rules, Centre is exploring certain grey areas, crosses USD one thousand threshold, DGFT, foreign trade policy, GNI, India to cross low income threshold this year, members per capita gross national income, no longer eligible to give export subsidies, third consecutive year, Trade Policy Division

With India to cross the low-income threshold this year as per World Trade Organisation (WTO) rules which states that when a member’s per capita gross national income (GNI) crosses the $1,000 threshold for the third consecutive year, it is no longer eligible to give export subsidies.

But what is unclear is whether India will be entitled to an eight-year phase out period that is allowed under certain conditions. If there exists such a possibility, they may very well demand it, a government official said.

Related Keywords: and made-ups, both woven and knitted, coming up with Africa focused export strategy, Commerce Ministry, credit line to Africa, DGFT, export situation not good globally, exports of textiles and ready-made garments including cotton fabrics, increase exports, MEIS scheme, use competitiveness in markets

With export situation not good globally, the commerce department coming up with Africa and neighbouring focused export strategy where they can use their competitiveness in these markets to increase exports which will give a new dimension to the government's strategic push for ties with the continent that could offer a large market for Indian goods at a time of slowing global demand.

Related Keywords: all knitted fabrics, cotton dyed and printed fabrics and made-ups to African countries, DGFT, excluded certain knitted fabrics, extension of export sops, including those with lycra, khangas and khatangas, Knitted fabrics with HS code 6006, new list for export sops, Texprocil, under Merchandise Exports from Indian Scheme

The Director General of Foreign Trade announced a new list of textile items eligible for export sops, last week which excluded certain knitted fabrics for concession under the Merchandise Exports from India Scheme. This came as a big surprise for the Cotton Textiles Exports Promotion Council (Texprocil).

Knitted fabrics with HS (Harmonized System) Code 6006, which covers most of the knitted fabrics including those with lycra are value added products that are used widely in garments were left out in the list of items covered for export benefit.

Related Keywords: CIS nations and Africa, currency fluctuations, current turbulence going in Greece, DGFT, Director General of Foreign Trade, impact on Indian exports, in emerging markes, Indian exporters to tap and diversify, Latin America, Pravir Kumar, Union Ministry of Commerce and Industry

Director General of Foreign Trade (DGFT), Union Ministry of Commerce and Industry urges Indian exporters need to look beyond eurozone and explore opportunities in emerging markets such as Latin America, CIS nations and Africa due to the current turbulence going on in Greece.

Director General of Foreign Trade, Pravir Kumar, at the Open House Meet with more than 200 exporters organized by CII Eastern Region in association with the Federation of India Export Organaistion (FIEO) said that when there are risks, it is extremely important to distribute risks and diversify elsewhere.

Related Keywords: certification mandatory, CITI, DGFT, Directorate general of Foreign Trade, export of organic products, Organic Textiles, R K Dalmia, Texprocil, Textile Industry

The mandatory certification for export of organic products to finished textile products, including yarn, fabrics, made-ups and garments extended by the Directorate General of Foreign Trade DGFT on November 18 has been deferred.

This move came in after Texprocil had urged the commerce ministry to extend the December 18 deadline for mandatory certification to enable the sector to conform to the new procedure.

Industry has welcomed the move stating that organic textile exports would be possible now.

Related Keywords: better quality crop, bottomed out, China, Cotton Association of India, cotton exporters, cotton exports, cotton price, cotton yarn, decline, DGFT, import restriction, Indian cotton inrdustry, raw cotton, weakening rupee, Zhejiang Textiles

India is expected to become the world’s largest cotton exporter this year, but cotton exports are expected to see a decline to around 5 million (480 lb) bales in 2014-15, almost 47% from the previous year as it has been hit by import restrictions in China, the world’s largest importer. This has also led to a decline in prices in India as well.

Cotton prices may have bottomed out but a weakening rupee and arrival of better quality crop likely to improve prospects.

Related Keywords: Central government of India, Confederation of Indian Textile Industry, cotton yarn, demand for exports, DGFT, export of cotton, exporter, globally cotton prices, minimum support price, Secretary-General, targeted export volume

The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade before making the shipment. The government said on Monday in two separate notifications.

Earlier, traders were required to register their targeted export volume in advance for the entire year. With the change in rules, it is likely to speed up shipments, particularly when overseas demand for cotton and yarn has dropped sharply.

Related Keywords: DGFT, export incentive, FMS, yarn shipment

The government partly rolling back its decisions taken in September last year, has restored benefits on cotton yarn shipments under the Incremental Export Incentivisation Scheme (IEIS) for the current fiscal, according to a notification by the directorate general of foreign trade (DGFT).

With this decision, mills would continue to get a 2% export incentive on the incremental value of cotton yarn shipments, compared with last year. The move will help textile mills as cotton yarn exports are expected to rise 25% in 2013-14 from last year's level of about 1,100 million kg.

Related Keywords: cotton, cotton yarn, DGFT, exporters, Registration certificates

Government simplifying Registration Certificates (RC) procedures for various commodities including cotton and cotton yarn. To this effect the Directorate General of Foreign Trade (DGFT) has issued a notification which reads “There shall be no requirement of submitting any document in electronic filing for obtaining Registration Certificates (RCs)”

Exporters of cotton and cotton yarn with immediate effect have been exempted from mandatory filing of documents in physical form to obtain registration certificates for shipment.