Category: DGFT

Apr 28

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023 India’s Foreign Trade Policy 2023 has brought several significant changes in the way exports are conducted from the country. One of the most important changes is the introduction of a new chapter for exports through couriers, which simplifies the process for small and medium-sized businesses. exports. Exports through couriers offer a convenient and simplified mode for small and medium-sized businesses to conduct their exports. However, Read Full Details…

Apr 23

Know about New Town of Export Excellance – Faridabad, Moradabad, Mirzapur and Varanasi

India is an emerging economy with a rapidly growing export sector. In order to encourage and facilitate the growth of exports, the Government of India has been establishing new towns of export excellence (TEE) across the country. These towns are developed with state-of-the-art infrastructure and facilities to provide a conducive environment for export-oriented industries. Faridabad TEE (Towns of Export Excellence) Faridabad TEE is located in the state of Haryana, just south of the national capital, New Delhi. This town has Read Full Details…

Apr 23

Know about the Amnesty Scheme Benefits to Indian Exporters under EPCG

The Indian government has recently announced an amnesty scheme for exporters, aimed at reducing litigation and encouraging exports. The scheme called the Export Promotion Capital Goods (EPCG) Scheme Amnesty, provides several benefits to Indian exporters. What is the EPCG Scheme Amnesty? The Export Promotion Capital Goods (EPCG) Scheme is a government initiative that allows Indian exporters to import capital goods for use in their manufacturing processes at zero or concessional customs duty rates. The scheme was launched to boost exports Read Full Details…

Apr 17

New foreign trade policy tightens norms on ‘gift’ imports

It may become easier to receive Rakhis and life-saving drugs as gifts from relatives or friends abroad, under India’s new Foreign Trade Policy (FTP), even though it has tightened provisions for other gifts from overseas, including those purchased from global e-commerce portals. As per the 2015-20 trade policy, whose provisions were extended till March 31 this year, the import of gifts was free in case of goods that are otherwise freely importable under India’s foreign trade classification norms. Any other Read Full Details…

Apr 12

India’s New Foreign Trade Policy 2023-2030: Objectives and Future Goals

India has always been a key player in the global trade arena. The country’s rich heritage and diverse culture have made it an attractive destination for international trade and investment. In order to further boost its exports and attract foreign investments, India has recently announced a New Foreign Trade Policy for the period 2023-2030. The new policy aims to make India a major player in global trade and provide a boost to the country’s economy. Objectives of India’s New Foreign Read Full Details…

Apr 10

e-commerce exports challenges in Export Bill Regularization and solutions in India

India has been witnessing significant growth in e-commerce exports in recent years, fueled by the increasing demand for Indian products in global markets. However, one of the major challenges faced by e-commerce exporters in India is Export Bill Regularization. In this article, we will explore the challenges in Export Bill Regularization in the case of e-commerce exports and how exporters can address them. Challenges in Export Bill Regularization for E-commerce Exports The regulatory framework for e-commerce exports is still evolving Read Full Details…

Apr 04

Expectations from new Foreign Trade Policy 2023 of India

India is among the world’s largest economies and has been continuously making efforts to expand its foreign trade relations. The government of India is soon to unveil the new Foreign Trade Policy (FTP) 2023, which is expected to bring about significant changes in the country’s foreign trade landscape. In this article, we will discuss the expectations from the new Foreign Trade Policy 2023 of India. New Foreign Trade Policy 2023 of India is expected to provide a roadmap for promoting Read Full Details…

Apr 04

FTP 2023: Can it navigate the new world order?

Critical policies like import barriers, providing PLIs, keeping out of mega trading blocs of RCEP and IPEF call for a mandatory review before new policy formulations India unveiled its new foreign trade policy (FTP) on March 31, 2023 with the objective of taking exports to $2 trillion by 2030 (from the current level of about $750 billion). This is sought to be achieved through “four pillars”: (i) shifting from incentive-based regime to “remission-based” regime, to make it WTO-compliant (ii) “collaboration” Read Full Details…

Apr 03

India’s Foreign Trade Policy 2023: Can It Help Achieve the $2Tn Trade Target?

The Indian government has set a target of achieving $2 trillion in foreign trade by 2030, which is an ambitious goal considering the current economic conditions and geopolitical situation. To achieve this target, the government has announced the Foreign Trade Policy (FTP) 2023, which is a comprehensive roadmap for boosting exports and reducing imports. The FTP 2023 has identified several key areas for boosting India’s foreign trade, including improving the infrastructure, simplifying procedures, increasing access to credit, and promoting innovation Read Full Details…

Apr 02

Foreign Trade Policy seeks to push rupee trade, boost exports to $2 trillion by 2030

India on Friday came out with a “dynamic and responsive” foreign trade policy aiming to push rupee trade, increase outward shipments to USD 2 trillion by 2030, and promote e-commerce exports, amid global uncertainties. The approach of the Foreign Trade Policy (FTP) 2023 is to move from ‘incentive to remission’ based regime, encourage collaboration between exporters, states, districts and Indian Missions, reduce transaction cost, and develop more export hubs. India is likely to cross USD 765 billion merchandise and services Read Full Details…