FOREIGN TRADE POLICY

Import Of Samples

 No Authorization is required for Import of bona fide technical and trade samples of items “restricted” in ITC(HS) except defence /security items, seeds, bees and new drugs. Earlier, the defence/security items were not specifically mentioned in FTP.

IMPORT OF SECOND-HAND GOODS

 Import of refurbished/re-conditioned spares of Capital Goods are specifically mentioned to be freely importable, subject to production of Chartered Engineer certificate to the effect that such spares have at least 80% residual life of original spare.

Merchanting Trade

 Para 2.39 is introduced to enable merchanting trade, providing that merchanting trade involving shipment of goods from one foreign country to another foreign country without touching Indian ports, involving an Indian intermediary is allowed subject to compliance with RBI guidelines, except for goods/items in the CITES and SCOMET list.