The government released the Foreign Trade Policy 2023 (FTP 2023) on 31 March 2023, which is effective from 1 April 2023 onwards.
One of the key initiatives announced is on regularisation of the default of export obligation (EO) under the Advance Authorisation Scheme (AAS) and the Export Promotion Capital Goods Scheme (EPCG).
Pursuant to the above, the Directorate General of Foreign Trade has now notified detailed guidelines of the Amnesty Scheme.
Source PwC
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