Recent Changes in FTP 2023!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 minutes
Episode Background:
The Ministry of Commerce & Industry has announced the release of the eagerly anticipated Foreign Trade Policy, 2023 (FTP-2023), which is effective from April 01, 2023. FTP-2023 seeks to shift focus from incentives to a remission and entitlement-based regime, to remain compliant with WTO guidelines & targets greater trade facilitation through technology and automation aiming to boost the country’s exports to USD 2tn by 2030.
A few key highlights of FTP-2023 are provided herein below:
- FTP-2023 will have perpetual validity and shall be updated on a need basis and as, per the feedback from trade and industry.
- Special one-time Amnesty Advance Authorisation (AA) scheme/Export Promotion of Capital Goods (EPCG) scheme
- Revamped Certificate of Origin (CoO) issuance procedure
- Rationalisation of ‘Status Holder’ export turnover thresholds
- Rationalisation of Merchanting Trade Reforms
- Recognition of districts as export hubs
- A new chapter for e-commerce export of goods and services
What shall the episode cover?
Taxsutra in association with BDO in India is delighted to present to you an episode on the theme of “Recent Changes in FTP 2023”. In this episode, Mr. R Parthasarathy (Advisor - Indirect Tax, BDO India) provided razor sharp insights on FTP-2023 and discussed the ramification going forward.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 minutes
Episode Background:
The Ministry of Commerce & Industry has announced the release of the eagerly anticipated Foreign Trade Policy, 2023 (FTP-2023), which is effective from April 01, 2023. FTP-2023 seeks to shift focus from incentives to a remission and entitlement-based regime, to remain compliant with WTO guidelines & targets greater trade facilitation through technology and automation aiming to boost the country’s exports to USD 2tn by 2030.
A few key highlights of FTP-2023 are provided herein below:
- FTP-2023 will have perpetual validity and shall be updated on a need basis and as, per the feedback from trade and industry.
- Special one-time Amnesty Advance Authorisation (AA) scheme/Export Promotion of Capital Goods (EPCG) scheme
- Revamped Certificate of Origin (CoO) issuance procedure
- Rationalisation of ‘Status Holder’ export turnover thresholds
- Rationalisation of Merchanting Trade Reforms
- Recognition of districts as export hubs
- A new chapter for e-commerce export of goods and services
What shall the episode cover?
Taxsutra in association with BDO in India is delighted to present to you an episode on the theme of “Recent Changes in FTP 2023”. In this episode, Mr. R Parthasarathy (Advisor - Indirect Tax, BDO India) provided razor sharp insights on FTP-2023 and discussed the ramification going forward.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
