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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 06 - EXPORT ORIENTED UNITS (EOUs), ELECTRONICS HARDWARE TECHNOLOGY PARKS (EHTPs), SOFTWARE TECHNOLOGY PARKS (STPs) AND BIO-TECHNOLOGY PARKS (BTPs)

CHAPTER 07 - DEEMED EXPORTS

CHAPTER 08 - QUALITY COMPLAINTS AND TRADE DISPUTES

CHAPTER 09 - PROMOTING CROSS BORDER TRADE IN DIGITAL ECONOMY

CHAPTER 10 - SCOMET: SPECIAL CHEMICALS, ORGANISMS, MATERIALS, EQUIPMENT AND TECHNOLOGIES

CHAPTER 11 - DEFINITIONS