DGFT introduces faceless automation system for ad-hoc input-output norms, streamlining duty-free imports for exporters.

The DGFT has introduced a faceless automation system to fix ad-hoc input-output norms, enhancing ease of doing business for exporters. The new system allows exporters to import duty-free raw materials or inputs for manufacturing goods meant for export under an advance authorisation scheme. Previously, standard input-output norms were followed to issue licenses for duty-free imports. The Foreign Trade Policy 2023 focuses on revamping systems to incorporate automated, rule-based processes.

June 20, 2024
4 Articles