Foreign Trade Policy 2023

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.... All Principal Commissioners/Commissioners Madam/Sir, Subject: Foreign Trade Policy 2023 - reg. The Central Government has notified the Foreign Trade Policy, 2023 (FTP) effective from 1.4.2023 vide Notification No. 01/2023 dated 31.03.2023 and DGFT has issued Public Notices No. 01/2023 dated 01.04.2023 for related Handbook of Procedures (HBP) and No. 10/2023 dated 26.04.2023 for Appendices and....

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....BP are highlighted below - (a) The Special Advance Authorization Scheme (SAAS) in Para 4.04A of FTP is for import of specialized fabrics meant for export production of garments of Chapter 61 and 62. It has been provided that such authorization may also be issued on the basis of self- declaration with the condition that the norms shall be finalized/fixed in such cases within stipulated time perio....

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....) In terms of para 4.11 of FTP, all items with a basic customs duty of more than 30% have also been included in the list of ineligible categories of import under self-declaration basis. (e) Project imports are excluded from EPCG scheme. (f) In terms of para 6.11 (d) of FTP, facility of exemption from furnishing bank guarantee shall not be available to certain units which have been issued confi....

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....2023 - Customs dated 01.04.2023 and Notification no. 20/2023 - Central Excise dated 26.04.2023 respectively. (h) In terms of para 6.38 (a) of HBP, the conversion to EOU from DTA unit having EPCG licence, would, apart from other conditions, be permitted only if either the DTA unit has fulfilled the stipulated export obligation and obtained EODC or the DTA unit has made payment of applicable dutie....