Government has unveiled the much awaited Foreign Trade Policy (FTP) which will be in force for the next five years. The Commerce Minister while unveiling the policy has promised that the schemes have been made simple and the conditions and restrictions in the previous policy with respect to usage of scrips has been lifted. The policy is expected to boost the new government's 'Make in India' campaign. I will be covering the major changes in the later posts. The policy is now available at the DGFT website.
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