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Ministry of Commerce & Industry Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the tyre industry. There is also a surge in demand for tyres [&h...

DGFT implements Advance Authorisation Scheme, allowing duty-free import of inputs for export purposes. Learn about enhancements in Advance Authorisation and Norms Fixation Workflow, simplifying process for exporters....

Learn about the Directorate General of Foreign Trade's (DGFT) Advance Authorisation Scheme, enabling duty-free import of inputs for export purposes. Explore the significant enhancements in the Advance Authorisation and Norms Fixation Workflow, simplifying the process and improving ease of doing business....

DGFT has liberalized and simplified the policy for exporting drones and unmanned aerial vehicles (UAVs) from India for civilian end uses. This decision aligns with the Foreign Trade Policy 2023 and aims to promote the export of high-tech items like drones. Learn more about the policy changes and their implications....

Handbook of Procedures 2023 (w.e.f 1 st April, 2023) contains 11 chapters namely  Legal Framework and Trade Facilitation, General Provisions Regarding Imports and Exports, Developing Districts as Export Hubs, Duty Exemption / Remission Schemes, Export Promotion Capital Goods (EPCG) Scheme, Export Oriented Units (EOUs), Electronics Hardw...

Foreign Trade Policy 2023 (FTP 2023) contain 11 chapters and applicable from 01.04.2023. 11 Chapter incudes chapters on Legal Framework and Trade Facilitation, General Provisions Regarding Imports and Exports, Developing Districts as Export Hubs, Duty Exemption / Remission Schemes, Export Promotion Capital Goods (EPCG) Scheme, Export Orie...

Foreign Trade Policy (2023) is a policy document which is based on continuity of time-tested schemes facilitating exports as well as a document which is nimble and responsive to requirements of trade....

FTP 2015-20 which was to end on 31.3.2020 was extended due to COVID pandemic and volatile geo-political scenario till 31.03.2023. India has reach record high Export Performance in Merchandise and Services Exports during this period. India's Merchandise and Services exports is expected to cross record USD 760 Billion in FY2022-23. FTP 2...

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...

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...