EPCG and Amnesty Scheme Explained | India's Foreign Trade Policy 2023 Highlights | UPSC Prelims 2023
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- Опубліковано 2 кві 2023
- New Foreign Trade Policy (FTP) 2023 has been unveiled by India with an ambitious goal of achieving $2 Trillion in Exports by 2023. It aims to boost India's exports by shifting from incentives to remission and entitlement-based regimes. The New FTP 2023 introduces amnesty scheme for default in export obligations. The scheme is intended to provide relief to exporters who have been unable to meet their obligations under Export Promotion Credit Guarantee (EPCG) and Advance Authorisations, and those exporters who are burdened by high duty and interest costs associated with pending cases.
What is Foreign Trade Policy 2023? What are the highlights of the newly introduced Foreign Trade Policy 2023? What is the amnesty scheme for exporters? What is Export Promotion Credit Guarantee (EPCG) scheme? for answers to these questions and much more watch the full video. Understand various current affairs topics, strictly from the perspective of the UPSC Civil Services Examination, subscribe to our UA-cam Channel Now!!!
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What happens if we want to produce goods for domestic purpose..will it affect the domestic need of a product
u need to pay import duty if u use that m/c n raw materials for domestic prodn.
Sir, how the tax remission provided under RODTEP is different from EPCG Or AA because all are related to increasing export competitiveness.
Yes.. I'm confused
Sir if possible please make video on RoDTEP or remission of duties and taxes on exported products as it is controversy as USA file case in WTO against India
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