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Composition fee rules for exports simplified

The Directorate General of Foreign Trade (DGFT) has notified the amended rules for the calculation of composition fee for extending export obligation under Advance Authorisation Scheme ....

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Centre amends Foreign Trade Policy to allow international trade settlements in Indian Rupees

Centre on Wednesday announced that it has made amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees (INR) and settlement of exports/imports in Indian Rupees. ....

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DGFT notifies norms for export incentives on rupee receipts

The Directorate General of Foreign Trade (DGFT) on Wednesday notified norms for permitting exporters to avail incentives under the foreign trade policy, even on realisation in rupee.

The DGFT, under the commerce ministry, has already allowed invoicing, payment and settlement of exports and imports in Indian rupee, a move aimed at facilitating trade in the domestic currency. ....

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Centre Amends Foreign Trade Policy To Allow International Trade Settlement In Rupee

The amendments will allow International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy, , foreign trade policy, International Trade Settlement ....

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India allows settlement of international trade in rupee

India has allowed settlement of its international trade in Indian Rupees (INR) covering invoicing, payment and settlement of exports and imports, the Commerce Ministry said today (November 9, 2022). ....

New Delhi , Commerce Ministry , Indian Rupees , Reserve Bank , Advance Authorisation , Indian Rupee , Export Import ,