Key Takeaways from Mid-Term review of Foreign Trade Policy 2015-2020

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  • Under Advance Authorization, Export Promotion of Capital Goods and 100% EOU Scheme, exporters have benefit of sourcing inputs / capital goods from abroad as well as domestic suppliers for export without upfront payment of GST to address issue of working capital blockage of the exporters on account of upfront payment
  • ‘E-Wallet’ will be launched to make these schemes operational from 1st April 2018
  • Merchandise Exports from India Scheme (MEIS) incentive rate will be raised by 2 per cent w.e.f. 01.11.2017across the board for labor intensive/MSME sectors like leather, agriculture, carpets, marine products, electronic and telecom components, rubber products, ceramics Read more….

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