Trade licensing and IEC compliance framework governs authorisations, validity, guarantees and item specific import/export controls.
Framework requires importers/exporters to obtain IEC except specified exemptions; file prescribed ANFs with Regional Authorities; comply with application, fee, identity and documentation rules; and secure Authorisations (Advance, EPCG, DFIA, DEPB, export licences, CCPs) with defined validities, revalidation, duplicate, surrender and BG/LUT or corporate guarantee conditions. Item specific controls cover metallic scrap, second hand capital goods, ammunition and SCOMET exports with inspection, port, certification and end use/non retransfer assurances. RAs/DGFT administer CoO issuance, preferential rules of origin, RCMC registration, EDI filing incentives and procedural safeguards for issuance, monitoring and enforcement.
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