What is Foreign Trade Policy (FTP)

The Foreign Trade Policy,2009-2014 (FTP), is basically a code of conduct consisting provisions relating to export and import of goods and services. Main objectives of the FTP is to double the percentage share of trade and merchandise in the Global market in order to increase the earning of foreign exchange which ultimately helps the Government make the international debt payment and to accelerate the socio economic growth by giving thrust to the employment generation. Import and Export Policy ( FTP ) regulates the measures for preparation and implementation of both short and long term plans for increasing exports in the light of emerging national and international economic scenarios; The import and Export policy (FTP) of Goods and Services is quiet liberal /free. However some specified Goods and Services are prohibited/ restricted for the national / social interest. The FTP not only regulates the Exim procedures but also lays down the Export Promotional Measures.

The Imports are liable to payment of Custom Duty unless exempted by a special notification to the best of socio economic interest of citizens of India. Duty structure is decided by Ministry of Finance and payable to Custom Authorities. But the Import and Export polices are framed by the Director General of Foreign Trade which is governed by Ministry of Commerce.

CONCERNED GOVERNMENT AUTHORITIES

1. Director General of Foreign Trade (DGFT) –Ministry of Commerce
2. Customs
3. Export Promotion Councils
4. Reserve Bank of India
5. Central Excise

HOW WE ARE USEFUL: 

• We guide the whole import and export procedure.
• We help in arranging IEC Number from the Department which is a basic required document.
• We help in preparing Documents for Imports and Exports.
• We help in Custom Clearance of Imports Export Consignments from almost all the Custom ports of India.
• We help in obtaining all kind of Licenses under various schemes