New Delhi, May 14 (IANS) The Centre has imposed a limit on duty-free gold imports under the advance-authorisation scheme for exporters at a maximum of 100 kg per licence in a move aimed at curbing diversion of imported gold into the domestic market to make a fast buck amid concerns over the soaring import bill, which is draining precious foreign exchange reserves.Under the revised norms issued by the Directorate General of Foreign Trade, first-time applicants seeking permission to import gold wi…
Latest Advance Authorisation Scheme News & Updates
New Delhi, May 14 (IANS) India — the world’s second-largest sugar producer — has prohibited exports till September 30, 2026 or until further orders in a move aimed at ensuring domestic availability and containing local prices amid concerns over lower production.The Directorate General of Foreign Trade (DGFT) — under the Ministry of Commerce and Industry — has issued a notification amending the export policy for sugar.According to the notification, the export status of raw sugar, white suga…
New Delhi, April 17 (IANS) In pursuance of the government’s commitment to Ease of Doing Business and trade facilitation for exporters, the Ministry of Commerce and Industry has undertaken a series of targeted reforms to strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT) to improve turnaround time, enable early approvals, and enhance transparency and predictability under the Advance Authorisation Scheme, as per an official statement issued on Fr…