India's Foreign Trade Policy (FTP) is formulated and implemented by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry. FTP focuses on promoting export of goods and services from India to enhance foreign exchange earnings and improve the country's balance of payments situation.

To achieve such objectives the FTP includes various export promotion schemes, incentives, and support measures to encourage and aid Indian exporters and importers and enhance the competitiveness of domestic industries in the global market. The FTP will thus play a crucial role in achieving the ambitious target of the Indian economy of achieving export of goods and services worth USD 2 Trillion by 2030.

With over two decades of experience, CCC has provided its consulting services to various industrial houses, MNCs and PSUs on FTP. CCC has advised and assisted its clients on planning and structuring transactions to avail the range of schemes and benefits under the FTP.

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Key Services Provided By CCC

Duty Exemption / Remission Scheme

Advance Authorization for duty free import of raw material / inputs, fuel, oil and catalyst for export production.
Duty Free Import Authorization (DFIA)
Fixation of Brand Rate against Physical Exports / Deemed Exports.
Fixation / Modification of Input Output Norms (SION), Ratification of Norms against Ad-hoc Advance Authorization.
EODC / Redemption of Advance.

EPCG (Export Promotion Capital Goods Scheme)

Import of Capital Goods on Zero Duty for export production and for export of Services.
Domestic Procurement of Capital Goods against EPCG Authorization for saving of 18% GST.
Extension of Export Obligation Period of First Block / Second Block.
EODC / EPCG Authorization post completion of Export Obligation.

Representations and appeals

Representation before the EPCG Committee for Nexus Fixation and relaxation from Policy/Procedures.
Representation before Policy Relaxation Committee (PRC) for relaxation from various provisions of Policy / Procedures.
Filing of Appeal / Review petition against Orders passed by the Adjudicating Authority/Appellate Authority.

Other services

Import / Export Authorization for items which are restricted for Import / Export
Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) approvals, renewals.
Deemed Export Benefits
Fixation of Remission of Duties and Taxes on Exported Products (RoDTEP) rates

The Foreign Trade Policy (FTP) of India is a strategic framework aimed at promoting the export of goods and services from India, increasing foreign exchange earnings, and improving the country’s balance of payments situation. The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, is responsible for formulating and implementing the FTP.

What is the Foreign Trade Policy (FTP) of India?

The primary objectives include various export promotion schemes, incentives, and support measures to encourage Indian exporters and importers and enhance the competitiveness of domestic industries in the global market.

What are the primary objectives of FTP as laid down by DGFT?

Import Export Code (also known as IEC code) is a 10-digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as the Importer Exporter Code. Companies and businesses must obtain this code to start a business that deals with imports and exports in the Indian territory. It is not possible to deal with export or import business without this IEC code

What is an IEC Code?

It is an authorization issued to allow the duty-free import of inputs which is physically incorporated into the export product. The minimum value addition required to be achieved is 15% under Advance Authorization. However, for certain products, it can be less than or more than 15%. Advance Authorization is valid for 12 months for import and 18 months for export. However, this period may be extended as per policy provisions.

What is Advance Authorization?

It is an authorization issued for duty-free import of capital goods for pre-production, production, and post-production. The following can avail of the EPCG authorization: (a) Manufacturer Exporter with or without supporting manufacturer; (b) merchant exporter tied to supporting manufacturer; and (c) service providers. Export Obligation is 6 times of duties saved on the import of capital goods and this export obligation needs to be fulfilled in 6 years.

What is EPCG Authorization?

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