India Foreign Trade Policy 2023-2028

HEADLINE: India lacked comprehensive trade policy for imports and exports.

Key Obligations

IEC (Import Export Code) mandatory; SCOMET list compliance for dual-use goods; advance authorisation scheme; EPCG scheme

Penalty Ranges

Cancellation of IEC; fines; seizure

Mandatory Deadline: Effective April 2023 — ongoing

Affected HS Codes: All HS chapters

Issuing Authority: Directorate General of Foreign Trade (DGFT)

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