Empowering Your Global Trade Journey with
10 Years of Expertise Seamlessly Navigating DGFT and Customs for Your Business

Why To Choose ASK Import Export Services?

EPCG (Export Promotion Capital Goods)

Under the EPCG Scheme, capital goods imported for use in the production of goods or services are exempt from customs duty. Additionally, the scheme also provides an exemption from IGST and Compensation Cess.

Alternatively, Capital Goods under the EPCG Scheme can be sourced from domestic suppliers. In such instances, the applicable GST for the supply would be waived.

Trade License And Certification

Permission to Trade. Intermediate, temporary allowance to start trading under Fairtrade conditions. Trade License is a license or permission issued by municipal corporation granting … Certificate of Incorporation, MOA and AOA of the company

EODC (Export Obligation Discharge Certificate)

The Export Obligation Discharge Certificate (EODC) is a vital document issued by the relevant authorities in a country to confirm the fulfilment of export obligations by an exporter. These obligations typically include exporting a specified quantity of goods or reaching a predetermined export value within a stipulated timeframe. The issuance of an EODC serves as tangible evidence that the exporter has met these obligations, ensuring compliance with regulatory requirements and fostering transparency in international trade transactions.

BG (Bank Guarantee)

A bank guarantee is a kind of guarantee from a lending organization. The bank guarantee signifies that the lending institution ensures that the liabilities of a debtor are going to be met. In other words, if the debtor fails to perform the obligation, the bank will cover it.

Customs Clearance

Customs clearance is the act of taking goods through the customs authority to facilitate the movement of cargo into country (import) and outside the country (export). It means clearance of goods is done without routine examination of goods.

MSME (Udyam Registration)

The government launched the Udyam portal on 1 July 2020 to boost Micro, Small and Medium Enterprise (MSME) registrations. The MSMEs must apply for MSME registration, also known as the Udyam registration, through the official Udyam portal. Udyam registration is required for MSMEs to obtain the benefits the government provides to the MSME sector.

DSC (Digital Signature Certificate)

Welcome to eSign DSC, a highly professional digital signature certificate agency in Surat. We formed this company to serve Digital signature certificates to several clients. In our team, we are having experienced and disciplined founders, surveyors, executives, and fully dedicated professionals for pre as well as post sale report. From us, you can obtain all kinds of Capricorn Digital Signature Certificates like Class 3, Class 2, DGFT. We are capable to provide you Class3 DSC for e-Tendering, e-Ticketing, Trademark / Patent filing, and e-Procurement. Class 2 DSC can be obtained for ROC/MCA Forms filing, GST filing, Income Tax Returns filing, Form 16/16A Signing, and DGFT Digital Signature Certificate.

IEC (Import Export Code)

Import & Export Code is to be obtained by the business entity for import into or export from India. Import & Export Code is popularly known as the IEC number. Import & Export Code is a ten-digit unique number issued by the Directorate General of Foreign Trade (DGFT).

IEC registration certificate is mandatory for a business involved in import and export. Hence, before initiating an import of goods into India, an importer must ensure that the importing entity has GST registration and IEC– both of which are required to clear customs.

RCMC (Registration-cum-Membership Certificate)

RCMC stands for “Registration-cum-Membership Certificate.” It is a document issued to exporters in India by Export Promotion Councils (EPCs) or Commodity Boards under the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.

GST Certificate Services Provide

GST Certificate Services refer to professional services provided by proficient personnel in the field of Goods and Services Tax to businesses and individuals who wish to achieve a GST certificate in India. A GST certificate is compulsory for businesses with an annual turnover of over Rs. 40 lakhs (Rs. 10 lakhs for northeastern states). The services help patrons in the registration process, filling and submitting documents, and compliance requirements related to GST registration. Also, the GST Certificate Services provide guidance on GST rates, invoicing, input tax credit, and various other GST-related problems to help patrons comply with GST regulations and avoid penalties

MEIS (Merchandise Exports from India Scheme )

A scheme designed to provide rewards to exporters to offset infrastructural inefficiencies and associated costs. The Duty Credit Scrips and goods imported/ domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for:

Objective of the Merchandise Exports from India Scheme (MEIS) is to promote the manufacture and export of notified goods/ products.

SEIS (Service Export from India Scheme)

The Service Export from India Scheme (SEIS) is the Ministry of Commerce’s incentive through the Directorate General of Foreign Trade (DGFT) for the service exporters of India. This scheme is implemented with an aim to encourage service exports from India.

SEIS aims to maximize the export of notified/selected service exports from India. Under this scheme, the exporters of some specific services are entitled to a 3% / 5% / 7% incentive on Net Foreign Exchange that is earned through Duty Credit licenses. These SEIS licenses can further be utilized as a mode of payment of Import duty or can be encashed by selling it to the Importers.

Our Clients

Frequently Asked Questions

What is the technical requirement for filing an IEC?

Valid Digital Signatures Token
Valid PAN
Valid Mobile Number and Email ID.
Valid Address Details of Branch Office
Valid Bank Account in the name of IEC Holder
Valid Aadhar Card matching the details with PAN Card

What is the export obligation under EPCG scheme? How is my export obligation calculated under the EPCG scheme?

Refer FTP and HBP for latest details. Export obligation under the EPCG scheme is required to be fulfilled by export of goods/services rendered by you. There are two types of export obligation which the authorisation holder is obligated to complete:

Annual average export obligation: The export obligation is over and above, the average level of export achieved by you as an authorisation holder in the preceding three licensing years for the same and similar products within the overall export obligation period including the extended period (if any). Such average would be the arithmetic mean of export performance in the previous three years for the same and similar products.
Specific export obligation: Specific export obligation is calculated as six times the duty saved amount. You must fulfill a minimum of 50% of export obligation in each block of years, i.e., the first block being the first 4 years and the second block is of the remaining 2 years.

What is an Export Obligation Discharge Certificate?

On completion of an export obligation, the authorization holder (exporter) receives an Export Obligation Discharge Certificate (EODC) on providing an application in ANF 5B to the respective regional authority under the Directorate General of Foreign Trade (DGFT). After completing an export obligation, the exporter must provide documentary proof of the export transaction like shipping bill and bill of export to DGFT for closure of the advance license. The regional authority will issue an Export Obligation Discharge Certificate to the said authorized

What Is Custom Clearance?

If you run a business that imports and exports goods, then you are probably well acquainted with the term Customs Clearance since customs plays a large role in cross-border trade. Those who are just getting into import-export business will find it a foreign concept and one that presents serious challenges to small businesses since it is so complicated.
An important part of customs clearance is to attain permission from the governing administration, through its customs authority, to either take products out of a country’s territory (export) or have them enter their territory (import).To help you prepare for your journey into the import-export market, we’ve compiled a handy list of popular customs clearance questions to help answer your questions.

1. Is customs clearance required for importers/exporters?

Customs clearance is a mandatory action for any company shipping internationally, even via air freight or sea freight. Any cargo that leaves a port of origin or airport must be cleared for export. When the shipment arrives at the destination country, the freight must first undergo import clearance.

2. How do I clear customs? What documents do I need?

It usually involves preparing documents for submission with the consignment, either electronically or physically. As a result, tax and duty calculations can be performed by the concerned authorities.

The documents needed for custom clearance are:

ProForma Invoice

Customs Packing List

Country of Origin or COO Certificate

Commercial Invoice

Shipping Bill

Bill of Lading or Airway Bill

What is RCMC ?

Purpose of RCMC:

Identification: RCMC serves as proof of registration of the exporter with the relevant EPC or Commodity Board. It identifies the exporter as a legitimate participant in the export trade from India.

Mandatory Requirement: It is mandatory for Indian exporters to obtain RCMC from the respective EPC or Commodity Board before they can export goods from India.

Availing Export Incentives: RCMC is required for exporters to avail various benefits and incentives under the Foreign Trade Policy (FTP) of India. These incentives include duty drawback, Merchandise Exports from India Scheme (MEIS), Export Promotion Capital Goods (EPCG) scheme benefits, etc.

Facilitating Trade Promotion: Exporters holding RCMC are eligible to participate in trade promotion activities such as trade fairs, exhibitions, buyer-seller meets, and other events organized by EPCs or other trade promotion bodies.

Customs Clearance: RCMC may be required during customs clearance to demonstrate compliance with export regulations and eligibility for export incentives.

Application and Renewal:

Application: Exporters need to apply for RCMC to the respective EPC or Commodity Board along with the necessary documents and information about their business and export activities.

Validity and Renewal: RCMC is typically issued for a specific period, after which it needs to be renewed as per the guidelines of DGFT and the issuing EPC or Commodity Board.

In essence, RCMC plays a vital role in regulating and promoting exports from India by ensuring compliance with export regulations and facilitating exporters to avail export incentives and participate in trade promotion activities. It supports the government’s objective of promoting India’s exports and enhancing the competitiveness of Indian products in the global market.