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of <h1>India Amends Foreign Trade Policy: Duty Exemptions for Advance Authorisations, EPCG, and EOU Schemes to Boost Trade Efficiency.</h1> The Government of India has amended the Foreign Trade Policy 2015-2020, introducing changes to facilitate exemptions from certain duties, taxes, and cess for Advance Authorisations, EPCG Authorisations, and units under the EOU, EHTP, STP, and BTP schemes. Key amendments include exemptions from various customs duties for imports under Advance Authorisation and EPCG schemes, subject to conditions. The policy also allows sourcing of capital goods from domestic suppliers with deemed export benefits and permits import of second-hand capital goods without age restrictions. These amendments aim to streamline trade processes and reduce financial burdens on exporters and manufacturers.
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