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TMI BlogForeign Trade Policy 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... ncipal Directors General/Directors General, All Principal Commissioners/Commissioners Madam/Sir, Subject: Foreign Trade Policy 2023 - reg. The Central Government has notified the Foreign Trade Policy, 2023 (FTP) effective from 1.4.2023 vide Notification No. 01/2023 dated 31.03.2023 and DGFT has issued Public Notices No. 01/2023 dated 01.04.2023 for related Handbook of Procedure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the details of the above cited notifications. 4. A few aspects of the FTP-HBP are highlighted below - (a) The Special Advance Authorization Scheme (SAAS) in Para 4.04A of FTP is for import of specialized fabrics meant for export production of garments of Chapter 61 and 62. It has been provided that such authorization may also be issued on the basis of self- declaration with the condition t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... addition of 25% is now to be achieved for spices under Advance Authorisation Scheme. (d) In terms of para 4.11 of FTP, all items with a basic customs duty of more than 30% have also been included in the list of ineligible categories of import under self-declaration basis. (e) Project imports are excluded from EPCG scheme. (f) In terms of para 6.11 (d) of FTP, facility of exemption fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Notification no. 22/2003 - Central Excise dated 31.03.2003 have been amended vide Notification no. 28/2023 - Customs dated 01.04.2023 and Notification no. 20/2023 - Central Excise dated 26.04.2023 respectively. (h) In terms of para 6.38 (a) of HBP, the conversion to EOU from DTA unit having EPCG licence, would, apart from other conditions, be permitted only if either the DTA unit h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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