What is India’s EXIM Policy? Features, Incentives, & Key Players

[mstakh.i.mo.mi]

The international trade landscape is extremely dynamic and constantly evolving. Ever wondered what India has done to improve the number of opportunities and economic growth? In a world where trade rules are extremely stringent, India has come up with the EXIM Policy, or simply the Export-Import Policy.

This blog explores the EXIM Policy, its functions, objectives, incentives, features, and more.

Let us dive in!

India's EXIM Policy
Exploring the Meaning and Significance of India’s EXIM Policy
The EXIM policy is often called the Foreign Trade Policy (FTP). It was vietnam phone number list introduced in 1992 and regulated by the Foreign Trade Development and Regulation Act. It comprises the guidelines relevant to the import and export of products and services in and out of the country.

The EXIM policy is a collaboration between the Ministry of Finance and the Directorate General of Foreign Trade (DGFT) and is subjected to amendments and changes through these bodies. This policy contains rules and merits for different forms of imports and exports.