Foreign Trade Policy 2023: Key Highlights and Takeaways
Discover the initiatives of FTP 2023 that aim to boost exports, promote economic growth, and make India a more attractive destination for foreign investment.
Category: Updates
SCOMET Export Licensing (Key Highlights FTP 2023)
India's Foreign Trade Policy 2023 introduces key changes in export licensing for SCOMET items, focusing on simplifying rules while ensuring compliance with international commitments.
Special Amnesty Scheme for Default in Export Obligations (Key Highlights FTP 2023)
The Government of India has introduced a special one-time amnesty scheme for exporters to address export obligation default cases. The scheme offers an opportunity to settle pending cases with …
Boost for Manufacturing in India (Key Highlights FTP 2023)
The Foreign Trade Policy 2023 announced incentives for technology upgradation, support for textiles, apparel, dairy and agriculture sectors to boost exports and integrate domestic manufacturing with global value chains.
Boost for India’s E-Commerce Exports (Key Highlights FTP 2023)
The Foreign Trade Policy 2023 has announced multiple measures including export incentives, facilitation infrastructure and ease of compliance to boost e-commerce exports from India.
Export Promotion Initiatives (Key Highlights FTP 2023)
The new Foreign Trade Policy 2023 introduces export promotion reforms like rationalized status holder thresholds, merchanting trade relaxations, Rupee payment and new Towns of Export Excellence.
Simplify Custom Duty Payment Process with Electronic Cash Ledger (ECL)
The Electronic Cash Ledger is set to simplify your payment process for customs duties and fees. Say goodbye to double payment and register now to experience a hassle-free payment …
Relief for Rare Disease Patients: Government Exempts Customs Duty on Drugs and Food
The Indian government has exempted customs duty on imported drugs and food for rare diseases treatment, providing much-needed financial relief to patients.
ICAI Mandates Forensic Accounting and Investigation Standards (FAIS)
ICAI has announced that forensic accounting and investigation standards will become mandatory from July 1, 2023. Find out what this means for businesses and organizations.
Deadline for Non-Preferential CoO e-Filing Extended by DGFT
The DGFT has extended the deadline for electronic filing of Non-Preferential CoO. Learn about the benefits of using the online eCoO platform and how it can simplify the process …