<h1>India Unveils New Trade Policies: Duty Credit Scrips, Export Benefits, and Simplified Procedures to Boost Exports.</h1> The Government of India announced trade facilitation measures as a supplement to the Foreign Trade Policy 2004-09. Key changes include the issuance of duty credit scrips without waiting for export proceeds realization, subject to a bank guarantee. Additional benefits under promotional schemes are introduced, with Rs. 325 crores allocated for exports from sectors like leather and textiles. The gem and jewellery sector sees expanded import provisions and the removal of restrictions on worked corals. Various schemes such as DEPB and EPCG have been revised to accommodate economic challenges, including extended export obligation periods and simplified procedures for duty drawback claims. New recognitions and procedural simplifications aim to boost exports and streamline processes.