Understanding HBP Guidelines and Regulations
Posted: Wed Feb 12, 2025 6:42 am
Key Players in EXIM Policy Implementation
Mr Piyush Goyal, the Union Minister, launched India’s EXIM Policy in 2023. It is dynamic and flexible enough to accommodate the future needs of the export market. It strives to drive the exports of the nation while serving as a roadmap for the same. The four key pillars of the EXIM Policy include:
Remission Incentive: The 2023 amendments introduced different schemes to provide incentives and remissions to various businesses to promote exports. The deployment of RoDTEP Schemes has replaced the present rebate schemes and offers a detailed and optimal approach for exporters to gain timely and adequate support.
Collaboration through the promotion of exports: This policy highlights tunisia phone number list collaboration among stakeholders inclusive of central and state governments, export councils, and Indian Missions.
Business ease and reduction of transaction cost: The recent changes to the FTP concentrate on the ease of doing business for exporters. The policy now simplifies the processes, minimises the costs of transactions, and also implements IT-based systems. The policy also introduces measures that can be used once for pending authorisations and optimising export promotion schemes.
Emerging Areas: Emerging sectors like e-commerce exports, districts as hubs for exports, optimising the SCOMET Policy, etc., are also key areas of focus. This policy strives to harmonise courier and postal exports with ICEGATE and raise the cap for consignments.
The Handbook of Procedures (HBP) is an essential part of the EXIM policy of India. It provides detailed regulations and guidelines to regulate the import and export processes to and from India. The HBP also outlines various procedures to obtain authorisations, licenses, and other benefits under the Foreign Trade Policy. It is designed to implement the provisions of FTP.
Mr Piyush Goyal, the Union Minister, launched India’s EXIM Policy in 2023. It is dynamic and flexible enough to accommodate the future needs of the export market. It strives to drive the exports of the nation while serving as a roadmap for the same. The four key pillars of the EXIM Policy include:
Remission Incentive: The 2023 amendments introduced different schemes to provide incentives and remissions to various businesses to promote exports. The deployment of RoDTEP Schemes has replaced the present rebate schemes and offers a detailed and optimal approach for exporters to gain timely and adequate support.
Collaboration through the promotion of exports: This policy highlights tunisia phone number list collaboration among stakeholders inclusive of central and state governments, export councils, and Indian Missions.
Business ease and reduction of transaction cost: The recent changes to the FTP concentrate on the ease of doing business for exporters. The policy now simplifies the processes, minimises the costs of transactions, and also implements IT-based systems. The policy also introduces measures that can be used once for pending authorisations and optimising export promotion schemes.
Emerging Areas: Emerging sectors like e-commerce exports, districts as hubs for exports, optimising the SCOMET Policy, etc., are also key areas of focus. This policy strives to harmonise courier and postal exports with ICEGATE and raise the cap for consignments.
The Handbook of Procedures (HBP) is an essential part of the EXIM policy of India. It provides detailed regulations and guidelines to regulate the import and export processes to and from India. The HBP also outlines various procedures to obtain authorisations, licenses, and other benefits under the Foreign Trade Policy. It is designed to implement the provisions of FTP.