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Global Trade Alert

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India: Changes to programmes announced as part of the 2023-2024 budget

Description

On 27 March 2023, the Indian Parliament approved the 2023-24 Union budget. The budget was announced on 1 February 2023 with an allocation of INR 15'069.34 crore (USD 1.84 billion) for the Remission of...

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Intervention Details

Intervention Type

Tax-based export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Apr 2023

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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