admin2021

India’s Export, Import Controls and Sanctions Regime – a Tale of National Interest and Diplomacy

Knowledge Resource > Introduction In India, exports and imports are ‘Free’ except when regulated by way of prohibition, restriction or requirement of exclusive trading through State Trading Enterprises. The manner of regulation is specified in the Indian Trade Classification (Harmonized System) [ITC (HS)] of Exports and Imports. Further, there are some items which are free, …

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Space Policy 2023- Indian Private Sector’s Guide to the Galaxy

Knowledge Resource > In 2020, the Government announced structural reforms to boost private participation in space activities and a promise to provide a predictable policy and regulatory framework. The Government has now released the Indian Space Policy – 2023, albeit after a lapse of almost three years.  The Policy aims to promote a friendly regulatory …

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Ude Desh ka Aam Nagrik (Udan), a journey from Hawai Chappal to Hawai Jahaj!

Knowledge Resource > India is the World’s third largest market in aviation sector and rapidly growing. The growth is not just due to international but also domestic travel spurt. One of the key drivers for the domestic spurt has been the UDAN scheme, launched as a Regional Connectivity Scheme (RCS), providing connectivity to underserved airports …

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Defence exports on mind, can compliance be far behind?

Knowledge Resource > At the recently concluded Defexpo 2022, our Defence Minister reiterated India’s defence export target worth $5 billion by 2025. Focussed on turning India into a net exporter from being a net importer, it was emphasised that the target reflects the intent of making India an export-oriented defence manufacturing hub. India’s arms exports …

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Trade Update 70

Knowledge Resource > A. Amendment of import policy conditions for item under ITC(HS) Code 05119999 of Chapter 05 of ITC (HS), 2022, Schedule —IThe Central Government vide Notification No.22/2015-2020-DGFT dated July 20, 2022, has amended the import policy conditions regarding imports of Human Embryo under ITC (HS) 05119999. It is “Prohibited” in accordance with the …

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Trade Update 69

Knowledge Resource > A. Amendments to Foreign Trade Policy 2015-2020.The Directorate General of Foreign Trade vide Notification No. 16/2015-20 dated July 01, 2022 has amended the Foreign Trade Policy 2015-2020 to provide exemption of Integrated Goods and Service Tax (IGST) and Compensation Cess under Advance Authorisation, EPCG and EOU scheme. Para 4.14, Para 5.01(a) and …

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