CV

CA Final · Indirect Tax Laws

Foreign Trade Policy (FTP) 2023

Chapter 6 · 3 formulas · 4 exam-critical pointers

Core concepts

  1. 01FTP 2023 issued by DGFT for boosting exports; no fixed end date (continuous).
  2. 02Schemes: RoDTEP (Remission of Duties & Taxes on Exported Products), RoSCTL (textiles).
  3. 03AA (Advance Authorisation): duty-free import of inputs for exports.
  4. 04EPCG (Export Promotion Capital Goods): zero-duty capital goods with export obligation.
  5. 05Status Holder recognition (One Star to Five Star) based on export performance.

Flowchart

FTP Schemes | RoDTEP -- general remission scheme (replaces MEIS) | AA / DFIA -- duty-free inputs for export | EPCG -- zero-duty capital goods | EOU / SEZ -- enclave-based incentives

Exam-critical pointers

  • FTP 2023 emphasises 'process re-engineering & automation' — digital DGFT portal.
  • Districts as Export Hubs initiative — promote district-level export.
  • SCOMET (Special Chemicals, Organisms, Materials, Equipment, Technologies) — export licensing.
  • Project exports — separate guidelines; bank guarantee & RBI approval requirements.

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