Procedural Changes Announced related to Foreign Trade Policy

Ø  Export benefits under the FTP extended to post, courier or e-commerce exports

Exports from Delhi and Mumbai through post, courier or e-Commerce shall be entitled for export benefits  under the FTP. 

Ø  e-BRC initiative for electronic transmission of information on foreign exchange realization from banks to the DGFT

Under the e-BRC initiative, information on foreign exchange realization would be electronically transmitted to the DGFT on daily basis. This would obviate the requirement of obtaining Bank Export and Realization Certificate from banks and is envisaged to facilitate early settlement and release of FTP benefits.