Enhancing Fair Trade: Guidelines and Policy Changes in the Developing Countries Trading Scheme : Will India's International Trade be benefited India's international trade can potentially benefit from the guidelines and policy changes implemented in the Developing Countries Trading Scheme (DCTS),…
Explore Trade Finance Offerings, Discover Trade Finance in 2024 and Beyond In the intricate world of international commerce, Trade Finance serves as the wind in the sails, steering businesses through the complexities of cross-border transactions. But what exactly is Trade…
The Directorate General of Foreign Trade (DGFT) has introduced a pilot launch of the upgraded Electronic Bank Realisation Certificate (eBRC) system, enabling exporters to self-certify. The eBRC is a crucial document confirming an exporter's receipt of foreign exchange, utilized for…
In a bid to strengthen anti-money laundering (AML) efforts and combat illicit financial activities, Indian banks are set to blacklist diamond houses, jewellers, and gem stores that fail to disclose the 'ultimate beneficial owners' (UBOs) of their trading partners. This…
The Directorate General of Foreign Trade (DGFT) vide Trade Notice 33/2023-24 has embarked on a groundbreaking initiative to transform and modernize the export certification process. With the launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by…
DGFT tells Banks to push foreign trade in Rupee - Banks are reluctant to Catch 22 for Exporters Banks are being nudged to popularize the settlement of cross-border trade in the rupee. Due to the Russian invasion of Ukraine, European…
The event was organized by FIEO on Capacity Building Programme: Awareness Programme on Exports@75 India - District As Export Hub, Valsad. One of the Topics at the event was Trade Compliance under RBI Guidelines Trade compliance, unlike any other compliance,…
All the exporters seeking benefits under the Interest Equalisation Scheme w.e.f 01.05.2023 are required to submit an Acknowledgement consisting of UIN which would be associated with a particular bank only for a ONE-TIME disbursement. The beneficiaries of this scheme are…
The existing FTP 2015-2020, which is valid up to September 30, 2021, is extended up to March 31, 2023. The upcoming review of the FTP policy is based on the government’s target to achieve $2 trillion in exports by the…
India has been slowly but surely making progress toward digitizing its international trade. Digitization has made it easier to conduct and monitor international trade, resulting in a more efficient and streamlined process. Digitalization plays a key role in building resilience…
