New trade policy continues with old schemes

The new policy gives no specific period for its validity or any expiry date, but it can be amended anytime

Premium

Photo: Bloomberg

TNC Rajagopalan

3 min read Last Updated : Apr 03 2023 | 12:24 AM IST

Listen to This Article

The new Foreign Trade Policy 2023 is a continuation of the 2015-20 policy that it replaces, with a few facilitation matters thrown in. Apparently, the government is happy with the export performance and is satisfied that no radical changes are required in the policy, at least for now. The new policy gives no specific period for its validity or any expiry date, but it can be

amended anytime.

The schemes that form the core of the 2015-20 policy, such as the Duty Exemption Scheme (DES), Export-Oriented Unit (EOU) scheme, Export Promotion Capital Goods (EPCG) scheme, Remission of Duties or Taxes on

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Foreign trade policy DGFT Export

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in