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Benefits or compliance under Indian Foreign Trade Policy

India's economic environment has undergone a revolutionary transformation over the decades, and foreign trade has been its pivot. In a bid to encourage and regulate the country's growing external trade, the government from time to time brings out the Foreign Trade Policy of Indiau2014a master document that lays down the regulations, advantages, and future plan for exporters and importers.

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Benefits or compliance under Indian Foreign Trade Policy

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  1. Benefits or compliance under Indian Foreign Trade Policy 1. Duty Exemption & Remission Schemes like Advance Authorisation and Duty Drawback allow duty-free import of inputs and refunds on duties paid, reducing export costs. Compliance: Maintain export-import records and utilization details. 2. EPCG Scheme Enables duty-free import of capital goods for production and export growth. Compliance: Fulfill export obligation and submit periodic returns. 3. Status Holder Certification Recognized exporters (Star Export Houses) get faster clearances, reduced documentation, and other privileges. Compliance: Consistent export performance and timely application. 4. Export Incentive Schemes (RoDTEP/RoSCTL) Offer rebates and incentives to boost competitiveness in global markets. Compliance: Correct declaration in shipping bills and DGFT portal usage. 5. Digital Ease through DGFT Portal Online services streamline IEC registration, license issuance, and status tracking. Compliance: Timely updates, digital signatures, and accurate filings. www.skmcglobal.com

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