India DGFT Foreign Trade Policy 2023-28

HEADLINE: Lack of standardized compliance for importers/exporters in India.

Key Obligations

["IEC mandatory for all importers/exporters", "Import license for restricted goods", "Compliance with EXIM Policy provisions"]

Penalty Ranges

Fines; IEC suspension; imprisonment

Affected HS Codes: ["All HS codes"]

Issuing Authority: Directorate General of Foreign Trade (DGFT)