The announcement of India s Foreign Trade Policy (FTP) 2023 marks a significant milestone in India s trade ecosystem. With a vision to increase exports manifold and propel India s export value to $2 trillion by 2030, the FTP 2023 focuses on dynamic and open-ended policies that accommodate emerging needs.
The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion.