Foreign Trade Policy (FTP) 2023
Process Re-engineering
Moving from an 'Incentive' to a 'Remission' based regime. Policy is now dynamic with no end date. Automated IT systems introduced for faster approvals and paperless compliance.
E-Commerce Exports
Establishment of E-Commerce Export Hubs (ECEH). Courier export limit raised to ₹10 Lakh per consignment. Integration of Courier/Postal exports with ICEGATE.
Procedures & Compliance
Step-by-Step Export Procedure
Registration
Apply for IEC online on DGFT portal (Sec 7 FTP). Register with EPC to obtain RCMC.
Apply IEC →Pre-Shipment & Filing (Sec 50)
Raise Commercial Invoice. File Shipping Bill on ICEGATE and declare RoDTEP/Drawback.
Customs Clearance & LEO (Sec 51)
Goods assessed/examined. Proper Officer issues Let Export Order (LEO).
Post-Shipment & Incentives
Realise payment (e-BRC). Claim RoDTEP / Drawback / GST Refund.
ITC (HS) Code Finder
Identify the correct 8-digit HS Code for your product to determine policy & duty.
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Duty Estimator
Estimate BCD, SWS, IGST and Total Duty payable.