IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Mar 2018 | Removal date: open ended

Export subsidy

On 13 March 2018, the Indian Directorate General of Foreign Trade through Public Notice 65/2015-20 amended the Foreign Trade Policy to disallow an Irrevocable Letter of Credit to be used as a deemed export realization. The exporter could, therefore, earlier use these letter of credits to show exports and meets its export obligations or to demand incentives against exports. This has henceforth been disallowed.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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