Foreign Trade Policy

Foreign Trade Policy is a set of guidelines and instructions issued by the Directorate General of Foreign Trade (‘DGFT’) in matters related to the import and export of goods in India. These are basic framework for promoting goods and services in cross border trade and are announced in every five years with yearly updates and modifications, if any, thereon. DGFT is also the licencing authority for issuance of various custom duty exemption licenses (e.g. Advance Authorization, EPCG etc., issuance of licenses for regulated goods (e.g. SCOMET goods) and issuance of scrip based export incentives (i.e. Remission of Duties and Taxes on Export Products-‘RoDTEP’, ‘Scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups’-RoSCTL, Service Export from India Scheme-‘SEIS’, Merchandise Export from India Scheme-‘MEIS’ etc.). Further, to promote export of goods and services from India, there are separate schemes/policy/Act such as 100% Export Oriented Units Scheme (‘100% EOU) and Special Economic Zone Act, 2005 (‘SEZ’). SEZ Act/Scheme is being replaced by Development (Enterprise and Service) Hubs Bill-‘DESH’.

Our team of experts is fully equipped with vast and rich experience to offer the following services:

• Advisory on availability of benefits under various duty exemption/remission/credit/export incentives schemes i.e. Advance Authorization, EOU/SEZ Scheme, RoDTEP, EPCG, Duty Drawback, MEIS/FPS/SEIS etc. and preparation and obtaining license/benefits/scrips etc.
• Health check-ups/diagnostic review to ensure EOU/SEZ/DGFT compliances and highlighting exposure areas, optimization/incentive opportunities.  
• Advisory on applicability of specific licensing requirements for import and export of goods e.g. SCOMET.
• Assistance in obtaining Import-Export Code.
• Assistance in preparation and filing de-bonding application with EOU/SEZ authorities and obtaining in-principal and/or final exit approval including pre and post approval documentation and procedural formalities.
• Assistance in preparation and filing of EOU and SEZ registration and obtaining approval thereof, post approval documentation and procedural formalities.
• Preparation and filing of Monthly Progress Report (‘MPR’)/Quarterly Performance Report (’QPR’) and Annual Performance Report (‘APR’) with EOU/SEZ authorities.
• Assessment support including replying to show cause notices, preparation and filing of appeals and representation