Foreign Trade Policy
Advance Authorisation Scheme
Advance Authorisation Scheme or Advance License Scheme is a type of duty exemption scheme introduced by the Government of India under the Foreign Trade Policy 2015-2020. Under this scheme, exemption from the payment of import duties is given to raw materials/inputs required for the manufacture of export products i.e., you can import raw materials/inputs at zero customs duty for the production of export products. The purpose of this scheme is to make India’s products competitive in the global market. When duties paid on raw materials are saved, it automatically brings down the cost of the final export product.
Export Promotion Capital Goods Scheme (EPCG Scheme)
Export Promotion Capital Goods Scheme (EPCG Scheme) is a type of Duty-Free (Zero Customs Duty) exemption scheme for Import of Capital Goods/Machinery for the manufacture of products meant for Export. EPCG Scheme was introduced by the Government of India to facilitate the Import of Capital Goods/Machinery for producing high-quality goods and services at Zero customs duty. The main aim of the EPCG Scheme is to improve India’s competitiveness in the manufacturing sector.
Remission of Duties and Taxes on Exported Products (RoDTEP)
Remission of Duties and Taxes on Exported Products (RoDTEP) aims to promote export of products from India by providing remission of duty for export of notified goods/products. Under the scheme, exporters of products, located in India, are eligible to be rewarded as % on realised FOB value of foreign exchange earnings.
Certificate of Origins (COO)
A Certificate of Origin (COO) whether preferential or non-preferential is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country.