Foreign Trade Policy

India, now being more integrally connected with the global economy, the Foreign Trade Policy (FTP) has a greater role to play in Indian Economy than ever before. We at TCA, provide detailed technical assistance and provide advice on planning and structuring transactions to avail the range of schemes and benefits under the FTP as follows:

  • Advance Authorizations for importing components, raw materials, packing materials under Duty Exemption Schemes

  • Modification and fixation of input-output norms for Advance Authorizations

  • Extension and revalidation in export obligation period of Advance Authorizations

  • Export Promotion Capital Goods Scheme (EPCG) for duty-free procurement of capital goods

  • Import Licenses for various items covered by negative list of imports

  • Deemed Exports benefits

  • Fixation of special brand rate of duty drawback

  • Fixation of Remission of Duties and Taxes on Exported Products (RoDTEP) rates

  • Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) approvals, renewals and/or seeking related clarifications

These benefits have proven to supplement business with competitive advantage in global market and has helped them grow exponentially. TCA is also instrumental in driving policy initiatives on following matters:

  • Wider coverage and beneficial rate under upcoming RoDTEP scheme for food processing, machinery, auto-component, textile sector, etc.

  • Policy relaxation efforts for wind energy sector,

  • Wider interpretation of Duty Drawback scheme for mobile handsets merchant exporters and limiting fiscal exposure,

  • Customs duty exemption for wind energy sector

Apart from the above, our key representation services relating to FTP include:

  • Providing technical and legal support on litigation matters involving interpretations qua FTP matters

  • Representing the clients before DGFT, EPCG Committee, Policy Relaxation Committee (PRC) and various other wings of the DGFT

  • Government advocacy services to assist clients secure enlarged benefits and/or assist them limiting the fiscal exposures