Foreign Trade Policy

THE FOREIGN TRADE POLICY- A NEW BEGINNING The Foreign Trade Policy (FTP), alternatively called as EXIM Policy has been for quite a long time is an announcement of a policy prescription for a block of Five-year period. At times, there have been announcements of Annual Supplement to the FTP. In…

Introduction Big time for collaboration between the Tiger and the Kangaroo. Especially with the dragon breathing down fire just at the corner of the road. Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Government of India, on 2nd of April 2022…

The benefits of the FTP are massive and is intended to ensure that the taxes paid on the inputs, input services and the capital goods used for production of goods or in the rendition of services are Zero rated in two ways. In the first methodology an exemption is given…

Introduction Cross Border Trade has played a pivotal role in making various countries part of the global village. International trade emerged from the concept of theory of comparative advantage. Theory of comparative advantage essentially means the ability of a country to produce certain goods or services at a lower opportunity…

BACKGROUND In October 2019, based on a complaint filed by the US, the World Trade Organization (WTO) panel report ruled that India’s export subsidy schemes flouted its guidelines as the country’s Gross National Income (GNI) had exceeded the per capita USD 1000 annual threshold above which members were banned from…

It was announced by the Hon’ble Finance Minister during the Budget session that many of the claims of drawing the benefits of the Free Trade Arrangements are impairing the interests of the domestic manufacturers, pursuant to which it is widely expected that the Rules of Origin (R OO) are expected…

Tighter origin norms under FTA: Onus on importers seeking preferential tariff It was announced by the Hon’ble Finance Minister during the Budget session that many ofthe claims of drawing the benefits of the Free Trade Arrangements are impairing the interestsof the domestic manufacturers, pursuant to which it is widely expected…