Foreign Trade Policy provides for the Policy Framework for imports into and exports out of India. Various export incentive schemes and concessional import duty regimes for specified purposes are available. Herein, Licenses, approvals and procedures for imports into and exports out of India are required in many instances:
- Advise on schemes such as RoDTEP, Advanced Authorization, Export Promotion Capital Goods, Duty Drawbacks, and Deemed Export etc.
- Advise on concessional duty rates available on import of specified goods from various countries with whom India has entered into a Free Trade Agreement (FTA) thereby leading to substantial savings
- Advise on the implications arising out of shifting entire operations to a bonded warehouse considering the overall objective of the business. Advice include the setting up of business in Free Trade Warehousing Zones (FTWZs), Special Economic Zones (SEZs), Software Technology Parks of India (STPIs) and Export Oriented Units (EOUs)
- Analysis of comparative benefits and assistance in setting up of STP/ EOU/ SEZ units and carrying out operations in such units
- Redemption of licenses and authorizations from Directorate General of Foreign Trade (DGFT) and releasing of bonds and bank guarantees from relevant customs authorities along with advise towards the fulfillment of Export obligation (EO) and other procedural aspects of the policy
