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India’s Foreign Trade Policy and Export Incentives: Building Competitiveness Through Compliance
India’s trade policy landscape has changed substantially in the last few years. The Foreign Trade Policy is no longer limited to providing export benefits; it now forms part of India’s larger economic...
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DGFT Implements Faceless Automation for Input Output Norms
Introduction: The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has taken a significant step towards modernizing foreign trade procedures by implementing a sy...
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CBIC Implements Electronic Disbursal of Duty Drawback
Central Board of Indirect Taxes and Customs (CBIC) announced the electronic disbursal of duty drawback amounts directly to exporters’ bank accounts via the Public Finance Management System (PFMS) star...
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DGFT Partners with DHL to enable MSMEs to explore international markets
Introduction: The Ministry of Commerce and Industry, Government of India, through the Directorate General of Foreign Trade (DGFT), continues its efforts to enhance India’s presence in the global e-com...
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Revamped eBRC System of DGFT
The Directorate General of Foreign Trade (DGFT), under the Government of India’s Ministry of Commerce and Industry, introduces a transformative shift in export documentation with the revamped Electron...
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Handbook on India’s Strategic Trade Control System January 2024
In the dynamic landscape of global affairs, the formulation and implementation of robust strategic trade controls are indispensable for nations seeking to safeguard their security interests, promote n...
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E-Commerce Exports Handbook for MSMEs
Directorate General of Foreign Trade Ministry of Commerce and Industry Government of India With the launch of the New Foreign Trade Policy 2023, Government of India has set a target of USD 1 Trillion...
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Year End Review 2023: Ministry of Commerce & Industry’s Foreign Trade Policy 2023
The Ministry of Commerce & Industry’s Year End Review 2023 highlights key achievements and initiatives in trade and commerce. Union Minister Shri Piyush Goyal launched the transformative Foreign Trade...
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Union Minister Unveils Automatic ‘Status Holder’ Certificates
Introduction: In a world where international trade plays a pivotal role in the growth of nations, efficiency and transparency in the export process are crucial. In this context, Union Commerce & Indus...
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CBI Arrests DGFT Officers & MD in Bribery Case; 8 Get 4-Year Terms for Govt Revenue Loss
The Central Bureau of Investigation (CBI) has recently apprehended key officials from the Directorate General of Foreign Trade (DGFT) and a Managing Director (MD) of a private company in a significant...
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Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry
Ministry of Commerce & Industry The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the t...
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DGFT Advance Authorisation Scheme: Duty-Free Imports for Export Inputs
Inistry of Commerce & Industry’s Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme, enabling duty-free import of inputs for export purposes. Recent enhancements i...
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DGFT Advance Authorisation Scheme: Duty-Free Import for Export
The Ministry of Commerce & Industry oversees the Directorate General of Foreign Trade (DGFT), which implements the Advance Authorisation Scheme. This scheme allows for the duty-free import of inputs s...
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DGFT Simplifies Policy for Export of Drones/UAVs from India for Civilian Use
DGFT has announced a simplified and liberalized policy for the export of drones and UAVs from India for civilian purposes. This move is in line with India’s Foreign Trade Policy 2023, which focuses on...
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Handbook of Procedures 2023 (HBP 2023)
Handbook of Procedures 2023 (w.e.f 1 st April, 2023) contains 11 chapters namely Legal Framework and Trade Facilitation, General Provisions Regarding Imports and Exports, Developing Districts as Expor...
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Foreign Trade Policy 2023 (FTP 2023)
contain 11 chapters and applicable from 01.04.2023. 11 Chapter incudes chapters on Legal Framework and Trade Facilitation, General Provisions Regarding Imports and Exports, Developing Districts as Exp...
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Foreign Trade Policy 2023 announced
FTP 2023 is a dynamic and open ended Policy that will accommodate the emerging needs: Sh. Piyush Goyal PM Modi has given the vision to increase exports manifold: Sh Goyal FTP seeks to take India’s exp...
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Key Highlights of New Foreign Trade Policy 2023
DIRECTORATE GENERAL OF FOREIGN TRADE Department of Commerce Government of India Foreign Trade Policy 2015-20 FTP 2015-20 which was to end on 31.3.2020 was extended due to COVID pandemic and volatile g...
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Year End Review 2022 for Department of Commerce, Ministry of Commerce & Industry
Ministry of Commerce & Industry Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry India’s merchandise registers a positive growth of 12.6% from April-October, 2021-22...
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Steps taken by centre to reduce import reliance
Government has taken several steps to reduce import reliance so as to curb the trade deficit. These include creating/enhancing of domestic capacity, incentivizing domestic manufacturing through Produc...