{"id":43,"date":"2023-08-04T13:11:23","date_gmt":"2023-08-04T07:41:23","guid":{"rendered":"https:\/\/taxb.in\/?p=43"},"modified":"2023-08-04T13:11:23","modified_gmt":"2023-08-04T07:41:23","slug":"dgft-issues-new-notification-with-changes-to-export-import-policy","status":"publish","type":"post","link":"https:\/\/raveladvisors.com\/services\/blog\/dgft-issues-new-notification-with-changes-to-export-import-policy\/","title":{"rendered":"DGFT Issues New Notification with Changes to Export Import Policy"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img data-opt-id=1759081669  fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/mlypi4vg6bf7.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/raveladvisors.com\/services\/wp-content\/uploads\/2023\/08\/Import-Export.jpg\" alt=\"\" class=\"wp-image-45\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Notification no. 26\/2023: Changes to the Export Import Policy<\/strong><\/h2>\n\n\n\n<p>The DGFT recently issued notification no. 26\/2023, which makes a number of changes to the Export Import Policy (EXIM Policy) 2022-2023. The notification includes changes to the export and import tariff rates, as well as the procedures for exporting and importing goods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Changes to export tariff rates<\/strong><\/h2>\n\n\n\n<p>The notification reduces the export tariff rate for cotton from 10% to 5%. This is a welcome move for the cotton industry, as it will make Indian cotton more competitive in the global market. The notification also increases the export tariff rate for wheat from 0% to 5%. This is a measure to ensure that India&#8217;s food security is not compromised.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Changes to import tariff rates<\/strong><\/h2>\n\n\n\n<p>The notification reduces the import tariff rate for certain electronic goods, such as laptops and mobile phones. This is a move to boost the domestic electronics manufacturing industry. The notification also increases the import tariff rate for certain chemicals, such as soda ash and caustic soda. This is a measure to protect the domestic chemical industry from unfair competition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Changes to procedures for exporting and importing goods<\/strong><\/h2>\n\n\n\n<p>The notification simplifies the procedures for exporting and importing goods. This is a move to make it easier for businesses to trade with India. The notification also introduces a new system for tracking the movement of goods across borders. This is a measure to improve the efficiency of trade and to prevent smuggling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Notification no. 26\/2023 is a significant development in India&#8217;s trade policy. The changes made by the notification will have a positive impact on the Indian economy. Businesses that are involved in exporting or importing goods should familiarise themselves with the changes made by the notification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Notification no. 26\/2023: Changes to the Export Import Policy The DGFT recently issued notification no. 26\/2023, which makes a number of changes to the Export Import Policy (EXIM Policy) 2022-2023. The notification includes changes to the export and import tariff&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-43","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dgft"],"acf":[],"_links":{"self":[{"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/posts\/43","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":0,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/posts\/43\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/pages\/45"}],"wp:attachment":[{"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/media?parent=43"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/categories?post=43"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/raveladvisors.com\/services\/wp-json\/wp\/v2\/tags?post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}