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of <h1>India's Foreign Trade Policy 2015-2020: Key Provisions for Imports, Exports, and Compliance with ITC (HS) and DGFT Rules.</h1> The Foreign Trade Policy 2015-2020 outlines the general provisions for imports and exports in India. Exports and imports are generally free unless regulated by prohibitions, restrictions, or exclusive trading through State Trading Enterprises (STEs). The Indian Trade Classification (Harmonized System) [ITC (HS)] classifies goods and details import/export policies. Importer-Exporter Code (IEC) is mandatory for trade activities. Compliance with domestic laws is required for imports, and specific procedures are established by the Directorate General of Foreign Trade (DGFT). The policy also addresses the import/export of restricted goods, trade with specific countries, and the role of Export Promotion Councils. Penalties and conditions for authorizations are specified, and the policy provides mechanisms for addressing grievances and interpreting policy provisions.
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