https://www.taxtmi.com/article/detailed?id=15980 India's trade regime permits general free trade but classifies certain goods under ITC (HS) as Restricted, Prohibited, Canalised or conditional, requiring DGFT licences, sectoral NOCs and customs verification. Restricted items need online DGFT authorisation with IEC, technical and end use documentation; licences specify quantities, validity and port conditions. Customs requires Bills of Entry or Shipping Bills with licences and certificates before granting clearance or Let Export Order. Non compliance risks confiscation, penalties, IEC suspension and prosecution. SCOMET and strategic controls impose enhanced disclosure and inter ministerial clearance, while sectoral ministries add technical prerequisites for lawful clearance. en-us Sat, 07 Mar 2026 08:41:07 +0530 Sat, 07 Mar 2026 08:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15980 India's trade regime permits general free trade but classifies certain goods under ITC (HS) as Restricted, Prohibited, Canalised or conditional, requiring DGFT licences, sectoral NOCs and customs verification. Restricted items need online DGFT authorisation with IEC, technical and end use documentation; licences specify quantities, validity and port conditions. Customs requires Bills of Entry or Shipping Bills with licences and certificates before granting clearance or Let Export Order. Non compliance risks confiscation, penalties, IEC suspension and prosecution. SCOMET and strategic controls impose enhanced disclosure and inter ministerial clearance, while sectoral ministries add technical prerequisites for lawful clearance. Articles Customs - Import - Export - SEZ Sat, 07 Mar 2026 08:41:07 +0530 https://www.taxtmi.com/article/detailed?id=15980