Foreign Trade Policy
New Foreign Trade Policy 2023
Policy changes were being undertaken since 2015 even without announcement of a new FTP responding dynamically to the emerging situations. The Foreign Trade Policy 2023 is being announced to provide the policy continuity and a responsive framework. Subsequent revision(s) in the FTP shall be done as and when required and shall not linked to any date. Continuous feedback from Trade and Industry to streamline processes and update Policy & procedures.
New Foreign Trade Policy Approach
From Incentives to Tax Remission Greater Trade facilitation through technology, automation, and continuous process re-engineering Export promotion through collaboration: Exporters, States, Districts Focus on Emerging Areas – ECommerce Exports, Developing Districts as Export Hubs, Streamlining SCOMET policy et al.
CHAPTER 01 - LEGAL FRAMEWORK AND TRADE FACILITATION
CHAPTER 02 - GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS
CHAPTER 03 - DEVELOPING DISTRICTS AS EXPORT HUBS
CHAPTER 04 -DUTY EXEMPTION REMISSION SCHEMES
CHAPTER 05 - EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME
CHAPTER 07 - DEEMED EXPORTS
CHAPTER 08 - QUALITY COMPLAINTS AND TRADE DISPUTES
CHAPTER 09 - PROMOTING CROSS BORDER TRADE IN DIGITAL ECONOMY
CHAPTER 11 - DEFINITIONS