India: Foreign Trade Policy 2023 announced

Announcement

31 Mar 2023

The Indian government has announced the Foreign Trade Policy 2023.

Source

Number of interventions

3 certainly harmful

0 likely harmful

2 liberalising

List of interventions

5 in force

Implementation date

01 Apr 2023

Revocation date:

No revocation date

Other export incentive In force

On 31 March 2023, the Indian Ministry of Commerce and Industry added the cities of Faridabad, Mirzapur, Moradabad, and Varanasi to the list of Towns of Export Excellence (TEE). The cities have been ad...

Other export incentive In force

On 31 March 2023, the Indian Ministry of Commerce and Industry announced several initiatives to support e-commerce exports. The announcement was made as part of the Foreign Trade Policy (FTP) 2023. Th...

Tax-based export incentive In force

On 31 March 2023, the Indian Ministry of Commerce and Industry extended certain benefits to export manufacturers of dairy products and certain green technology goods. The benefit was provided by amend...

Implementation date

01 Apr 2023

Revocation date:

No revocation date

On 31 March 2023, the Indian Ministry of Commerce and Industry increased the permissible value for exports of goods through courier from INR 500'000 (USD 6'080) to INR 1 million (USD 12'165) per consi...

Import tariff In force

On 31 March 2023, the Indian Ministry of Commerce and Industry permitted duty-free imports of capital goods by service providers in textile and apparel parks under the export promotion capital goods s...