FIEO is organising a Seminar on Identifying the best Market for your Product and Establishing your own Brand on 17th June, 2022 at Niryat Bhawan, New Delhi.
For more details visit www.fieo.org/IdfMkt
For more details visit www.fieo.org/IdfMkt
FIEO in association with Federal Bank Ltd and ECGC Limited is organizing a Seminar to analyze Export Potential of the Kottayam District with main focus on the Opportunities, Issues & Challenges and discuss on Logistics & infrastructure requirement.
For details visit www.fieo.org/Kottayam
For details visit www.fieo.org/Kottayam
FIEO jointly with Business Standard News Paper is hosting an Online Discussion Programme on "Opportunities and Challenges in Promoting Exports from MSME" to deliberate on specific issues, facilitation and concerns of the business.
Register at www.fieo.org/BizStd
Register at www.fieo.org/BizStd
FIEO in association with Dept of Commerce, GoI; Karnataka Fisheries Development Corporation Ltd; Department of Fisheries, Govt of Karnataka; College of Fisheries, Mangaluru and DIC Mangalore is organising a Capacity Building Programme on Marine products (GI Tag) from Dakshin Kannada in Mangalore.
Register at www.fieo.org/Mangalore
Register at www.fieo.org/Mangalore
Introduction of Legal Entity Identifier (LEI) for Large Value Transactions in Centralised Payment Systems
1. The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis.
2. In India, LEI has been introduced by the Reserve Bank of India in a phased manner for participants in the over the counter (OTC) derivative and non-derivative markets as also for large corporate borrowers.
3. It has now been decided to introduce the LEI system for all payment transactions of value ₹50 crore and above undertaken by entities (non-individuals) using Reserve Bank-run Centralised Payment Systems viz. Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).
4. In preparation for the wider introduction of LEI across all payment transactions, member banks should:
i. advise entities who undertake large value transactions (₹50 crore and above) to obtain LEI in time, if they do not already have one
ii. include remitter and beneficiary LEI information in RTGS and NEFT payment messages
iii. maintain records of all transactions of ₹50 crore and above through RTGS and / or NEFT
5. Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF), the body tasked to support the implementation and use of LEI. In India, LEI can be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in), which is also recognised as an issuer of LEI by the Reserve Bank under the Payment and Settlement Systems Act, 2007.
6. These directions are effective from April 1, 2021.
1. The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis.
2. In India, LEI has been introduced by the Reserve Bank of India in a phased manner for participants in the over the counter (OTC) derivative and non-derivative markets as also for large corporate borrowers.
3. It has now been decided to introduce the LEI system for all payment transactions of value ₹50 crore and above undertaken by entities (non-individuals) using Reserve Bank-run Centralised Payment Systems viz. Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).
4. In preparation for the wider introduction of LEI across all payment transactions, member banks should:
i. advise entities who undertake large value transactions (₹50 crore and above) to obtain LEI in time, if they do not already have one
ii. include remitter and beneficiary LEI information in RTGS and NEFT payment messages
iii. maintain records of all transactions of ₹50 crore and above through RTGS and / or NEFT
5. Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF), the body tasked to support the implementation and use of LEI. In India, LEI can be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in), which is also recognised as an issuer of LEI by the Reserve Bank under the Payment and Settlement Systems Act, 2007.
6. These directions are effective from April 1, 2021.
USD 🇺🇸 GLOBAL CURRENCY MATRIX
(16 June 2022)
AUD 🇦🇺 1.426
CAD 🇨🇦 1.289
CHF 🇨🇭 0.995
EUR 🇪🇺 0.957
GBP 🇬🇧 0.823
INR 🇮🇳 78.03
JPY 🇯🇵 134.34
(16 June 2022)
AUD 🇦🇺 1.426
CAD 🇨🇦 1.289
CHF 🇨🇭 0.995
EUR 🇪🇺 0.957
GBP 🇬🇧 0.823
INR 🇮🇳 78.03
JPY 🇯🇵 134.34
FIEO regularly organises Seminars, Workshops, Training Programs and Interactive Sessions to keep the Indian exporters updated with the latest developments in International Trade and sharpen the skills of aspiring exporters.
To know more about the forthcoming Seminars and Workshops by FIEO visit www.fieo.org/Events
To know more about the forthcoming Seminars and Workshops by FIEO visit www.fieo.org/Events
FIEO is organizing an online Session on “Export Bill Regularisation: Specific Reference to EDPMS issues" to discuss on Exports - Payment & Bill flows, EDPMS - Work flow and RBI Guidelines on Export bills & Regularisation.
To Register Click Here
To Register Click Here
Are you planning to start business?
Join FIEO's 3 weeks Online Certificate Course in International Trade aiming to train you on important facets of International trade to infuse confidence to take up exports in a big way.
To Register for the Course Click here
Join FIEO's 3 weeks Online Certificate Course in International Trade aiming to train you on important facets of International trade to infuse confidence to take up exports in a big way.
To Register for the Course Click here
Are you planning to start export business?
Join FIEO's 3-Days Certificate Course on International Trade aiming to train you on important facets of International trade to infuse confidence to take up exports in a big way.
🗓July 19-21, 2022
📍Chennai
Register Here
Join FIEO's 3-Days Certificate Course on International Trade aiming to train you on important facets of International trade to infuse confidence to take up exports in a big way.
🗓July 19-21, 2022
📍Chennai
Register Here
Exhibit Your Products in INDIA INTERNATIONAL TRADE EXPO cum BSM at Tashkent, Uzbekistan and get connected with the multi sector decision-makers in Uzbekistan & the CIS Region.
⭐️ Highly Subsidized Participation Charges ⭐️
For more details Click Here
⭐️ Highly Subsidized Participation Charges ⭐️
For more details Click Here
FIEO is organising "Exporters Meet" at Kochi on 5th July to deliberate on emerging opportunities & challenges due to current geo-political scenario, increased raw-materials costs, logistics issues, utilisation of newly signed FTAs, FTP, Finance, etc.
We also would like to use this opportunity to get feedback from our members on FIEO services, expectations and suggestions on how we can service you better.
Dr. Ajay Sahai, DG & CEO, FIEO and Mr Israr Ahmed, Regional Chairman (SR), FIEO will be present in the meeting to interact. We have also invited senior officials form the office of Jt. DGFT, Customs, GST, Bank, etc to participate in the session.
Register Here
We also would like to use this opportunity to get feedback from our members on FIEO services, expectations and suggestions on how we can service you better.
Dr. Ajay Sahai, DG & CEO, FIEO and Mr Israr Ahmed, Regional Chairman (SR), FIEO will be present in the meeting to interact. We have also invited senior officials form the office of Jt. DGFT, Customs, GST, Bank, etc to participate in the session.
Register Here
Exporters are getting Notices from GST Department and they need to get the verification done of their Input Tax Credit. To understand the procedure, FIEO is organising a Workshop on How to Handle Notices from GST Department.
Register Here
Register Here
World Asia BSM (Buyer – Seller Meetings) scheduled from 24th -26th August 2022 at Port of Spain, Trinidad and Tobago.
(Highly Subsidized participation with Airfare Reimbursement up to Rs 1,25,000)
Read More & Confirm Your Participation Click Here
(Highly Subsidized participation with Airfare Reimbursement up to Rs 1,25,000)
Read More & Confirm Your Participation Click Here
Join FIEO's 5-Day Online Training Programme on 'Starting Export Business – A Quick Guide' to understand all major aspects of Exports/Imports and equip with practical skills to succeed in today's competitive global marketplace.
Register for the Training by Clicking Here
Register for the Training by Clicking Here
Notification No 15 English.pdf
1009.2 KB
Emailing Notification No 15 English.pdf
MEIS last date of submission extended for shipments made between 01.09.2020 to 31.12.2022
DGFT has now allowed and extended submission of MEIS applications for exports made in the period 01.09.2022 to 31.12.2020 upto 31.08.2022.
There will be no late cut on the said application.
DGFT has now allowed and extended submission of MEIS applications for exports made in the period 01.09.2022 to 31.12.2020 upto 31.08.2022.
There will be no late cut on the said application.