Trade facilitation measures cover everything from digitising data to cross-border transactions.
The Supreme Court has recognised the viability of pre-import conditions under advance authorisation and has come up with it’s final judgement
Free Trade Agreements enhance economic development, enable profitable networking and open doors to global trade.
Pre-import condition is used to refer to a situation where any product that is imported via the Advance Authorisation Scheme is used in the production of final goods that are to be provided to the importers.
The Amnesty Scheme for one-time settlement of default in export obligation (EO) for Advance Authorization license holders and EPCG license holders have been introduced in the new FTP 2023.
Special Economic Zones (SEZ) are the areas that are considered to be duty-free enclaves. The SEZ scheme was introduced in April 2000.
Bank Realisation Certificate, referred to as BRC is an important certificate that acts as proof of payments being received by the exporters after shipping their goods or products.
India has a Three-Tier AEO program. This Three-Tier AEO program consists of T1, T2, and T3.
An Advance License must be obtained from DGFT but you must also close it after completion of the export obligation and meeting all the compliances.
The new foreign trade policy aims to utilize every trade opportunity effectively.