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AMENDMENTS TO FTP
Govt amends FTP to make stakeholder consultation mandatory for inclusive decision-making processThe Directorate General of Foreign Trade (DGFT) mandates stakeholder consultations for drafting Foreign Trade Policy to ensure inclusive pa...- No legal right to seek reasons for excluding feedback in foreign trade policy: GovtThe government announced that individuals have no legal right to demand reasons for their suggestions or feedback not being included in the...
- No legal right to demand reasons for excluding feedback in FTP: DGFTThe government announced that no individual has a legal right to demand reasons for their suggestions not being included in the Foreign Tra...
- New FTP draws mixed response from industry stakeholders; experts call for continuous action to reflect trade trendsThe country is likely to end this financial year with total exports of $760 billion compared to $676 billion in FY 22. The policy is expect...
- How Budget 2022 can address duty benefit scheme challenges faced by exportersIt is expected that Union Budget 2022 would carry necessary amendments in the Customs law to provide certainty in line with the vision of t...
- Govt issues guidelines on exemptions for gold jewellery, artifacts hallmarkingThis announcement has come at the back of the numerous requests made on the export and re-import rules with respect to the trade policy.
- Delayed FTP: What India’s new trade policy should include in the post-pandemic worldOnly through devising robust infrastructure to facilitate trade and formulating relevant and resilient schemes like RoDTEP can India put it...
- Manufacturing under Customs Bonded Warehouse – Opening up new possibilitiesThe manufacturing industry expects that the government, through the Budget, would bring in incentives or new schemes to infuse fresh life a...
- Exporters drag DRI to various high courts over GST exemption notices“The objective of providing the working capital benefits to the Indian exporters gets defeated by the rule which goes beyond the statute. A...
- Exporters drag DRI to various high courts over GST exemption noticesThe current GST framework has laid down certain conditions for exporters to avail certain benefits. A revenue department notification said ...
- Govt restores duty-free replenishment facility for jewellery exportersThis facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).
- Exporters drag govt, DGFT, CBIC to court over export benefitsAbout 1,000 exporters were issued notices by the DRI in May, asked to pay fines, interest.
- DRI slaps IGST notice on erring exportersThis could lead to a 100% penalty and interest that exporters may have to cough up in the coming months, said people aware of the developme...
- Exports rising despite global headwinds: Nirmala SitharamanShe also said that the government will come out with amendments to the foreign trade policy to align it with the GST, which is scheduled to...
- Centre to meet states to mull export strategies on January 8The commerce department also wants states to engage with the various free trade agreements that India is negotiating apart from issues rela...
- Foreign Trade Policy should live up to exporters' expectationCentre should be able to provide the impetus to exports by repackaging the FTP that has a strong thrust in manufacturing, aligning itself w...
- Govt working on standards to take on trade barriers: Rajeev Kher, commerce secretary"India has a diverse product basket, so in order to access high-profile markets, standards become extremely important. "
- Foreign trade policy to continue till new govt is in placeThe government has decided to continue with the current foreign trade policy, scheduled to lapse on March 31, 2009, till a new government i...
- RIL may’ve to sell diesel locally first before exportingThe government is working on a proposal to make it mandatory for Reliance Industries’ (RIL) Jamnagar refinery - an export oriented unit (Eo...
- Exporters likely to get tax breaks on allied servicesThe annual supplement to the foreign trade policy (FTP), scheduled to be unveiled next month, may provide more relief to exporters by exemp...
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