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Latest Industry News

Latest Industry News

Relief to Exporters on discontinuation of Automatic Caution-Listing System

On 9th October 2020, Reserve Bank of India confirmed that announced discontinuing the system-based automatic caution-listing of exporters, as part of automation of Export Data Processing and Monitoring System (EDPMS), the ‘Caution/ De-caution Listing’ of exporters was automated in 2016.

Accordingly, the exporters were to be caution-listed automatically, if any shipping bill against them remained outstanding for more than two years in EDPMS and no extension was granted for realization of export proceeds against the outstanding shipping bill.

Additionally, the normal system of caution-listing based on the recommendations of the Authorised Dealer (AD) bank before the expiry of two years is there for certain cases.

Foreign Trade Policy (FTP) 2015-20

The Foreign Trade Policy (FTP) 2015-20 was unveiled by Ms Nirmala Sitharaman, Minister of State for Commerce & Industry (Independent Charge), Government of India on April 1, 2015. FTP 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in line with the ‘Make in India’ programme. Below are the downloadable files for the same:

Merchandise Exports from India (MEIS) Schedule

The following document includes the export benefits linked with Merchandise Exports from India Scheme (MEIS).

Service Exports from India (SEIS) Schedule

The following document include the export benefits linked with Service Exports from India Scheme (SEIS).

Prohibited and Restricted Items

The following documents include the list of items that are prohibited and restricted from foreign trade: