Export Obligation News Today

The Ahmedabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the goods were cleared under the advance authorization scheme, according to which all the duties are...

The RBI has taken a pivotal step by permitting 20 banks operating in India to open 92 Special Rupee Vostro Accounts (SRVAs) with partner banks from 22 countries. This allows exporters and importers from these nations to conduct trade transactions in domestic currencies, facilitating smoother and mor

Also, an MoU has been signed between the RBI and the Central Bank of UAE to enable exporters and importers to invoice and pay in domestic currencies

The announcement of Indias Foreign Trade Policy (FTP) 2023 marks a significant milestone in Indias trade ecosystem. With a vision to increase exports manifold and propel Indias export value to $2 trillion by 2030, the FTP 2023 focuses on dynamic and open-ended policies that accommodate emerging needs.

The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion...

New foreign trade policy aims at $2 trillion exports by 2030: Piyush Goyal

The new Foreign Trade Policy will introduce an amnesty scheme for exporters to help them close old pending authorisations and start afresh.

The Amnesty scheme shall be available for a limited period, up to September 30, 2023, as per the FTP which will be effective from April 1.

New Delhi, March 31: Foreign Trade policy (FTP) 2023 is focussed more on export growth, and the country will achieve USD 900 billion in exports in the next financial year, Dr A Sakthivel, the President of Federation of India Export Organisation (FIEO) said.

Foreign Trade Policy 2023: $2 Trillion Exports by 2030, Tax Remission Instead of Incentives, Paperless Approvals, Reduction In User Charges For MSMEs, E-Certificate of Origin, Districts As Export Hubs are Some of Its Highlights