In the era of expanding global supply chains and cross-border commerce, businesses are required to navigate a complex web of custom procedures, foreign trade policies, and compliance obligations. When it comes to importing raw material or exporting finished products, it is essential to comply with India’s foreign trade policy and custom laws to ensure operational continuity and cost efficiency.
A properly administered customs and FTP system does more than confirm compliance; it gives businesses the perks of predictability, fiscal savings, and competitive strength. Adherence to timelines for processes like obtaining the Importer Exporter Code (IEC), SVB registrations, and utilisation of benefits under the Export Promotion Capital Goods (EPCG) scheme or Free Trade Agreements (FTAs) literally means lower costs and better trade performance.