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Year End Review 2022 for Department of Commerce, Ministry of Commerce & Industry

Ministry of Commerce & Industry Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry India’s merchandise registers a positive growth of 12.6% from April-October, 2021-22 to April-October, 2022-23 India’s Services export registers a positive growth of 31.43% from April-October, 2021-22 to April-October...

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Posted Under: DGFT |

Steps taken by centre to reduce import reliance

Government has taken several steps to reduce import reliance so as to curb the trade deficit. These include creating/enhancing of domestic capacity, incentivizing domestic manufacturing through Production Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standar...

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Posted Under: DGFT |

RODTEP Benefit Extended to Chemicals, Pharma and Steel Sector

Commerce Ministry finally allowed RODTEP benefit to Chemical, Pharma and Steel Sector for the Exports transactions undertaken between 15 December 2022 to 30 September 2023 which was a long pending demand from the industry. The benefit is being expanded to these industry to boost exports will cost around 1000 Crore to the industry. The Sch...

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Posted Under: DGFT |

Centre allows International Trade Settlements in Indian Rupees

Centre allows International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy  Decision to facilitate and ease international trade transactions in Indian Rupees The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for Internationa...

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Posted Under: DGFT |

Foreign Trade Policy extended for six months i.e. upto 31st March, 2023

Public Notice No. 26/2015-2020 [F. No. 01/75/171/00020/AM22/FTPCell] (29/09/2022)  

Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 31st March, 2023 vide Public Notice No. 26/2015-2020 |Dated: 29th September, 2022. The government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extende...

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No change in Export Policy of Par Boiled Rice and Basmati Rice

India’s Rice availability position is comfortable “Prohibited” status of Broken Rice ensures domestic food security and feed availability Domestic price of rice under check No change in Export Policy of Par Boiled Rice and Basmati Rice With the amendment in export policy of Broken Rice from “free” to Prohibited”, Government of...

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Posted Under: DGFT |

Fact Sheet on Amendment in India’s export policy on Rice

Recent changes in India’s rice-export rules have helped keep a check on domestic prices without reducing the availability for exports. The changes have been done keeping in mind the need to support the ethanol-blending programme that saves costly oil imports and to help the animal husbandry and poultry sectors by reducing the cost of an...

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Posted Under: DGFT |

Proposed SCOMET Policy for export of drones/UAVs

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Dated: 30th August, 2022 Subject:- Circulation of proposed amendment in Category 5B of SCOMET List related to export of Drones/UAVs and General Authorization for Export of Drones/UAVs (GAED) , a SCO...

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Posted Under: DGFT |

Cabinet approves amendment to export policy for Wheat or Meslin Flour

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi has approved the the proposal for amendment of policy of exemption for Wheat or Meslin Flour (HS Code 1101) from export restrictions/ ban. Impact: The approval will now allow to put a restriction on the export of Wheat Flour which will ensure [&h...

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Posted Under: DGFT |

206 Crore released to States for promotion of exports under TIES scheme

Government is implementing Trade Infrastructure for Export Scheme (TIES) with the objective of assisting Central and State Government agencies in creation of appropriate infrastructure for growth of exports....

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Posted Under: DGFT |