The government released the Foreign Trade Policy 2023 (FTP 2023) on 31 March 2023, which is effective from 1 April 2023 onwards.
One of the key initiatives announced is on regularisation of the default of export obligation (EO) under the Advance Authorisation Scheme (AAS) and the Export Promotion Capital Goods Scheme (EPCG).
Pursuant to the above, the Directorate General of Foreign Trade has now notified detailed guidelines of the Amnesty Scheme.
Source PwC
Latest Posts in "India"
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
- Chennai Fake GST Invoice Racket Busted; ₹350 Crore Evasion Suspected, Prime Accused Arrested
- Overpaid GST: Rectification or Refund? Understanding When to Adjust and When to Claim Refund
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
