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Notes/CA Final/Indirect Tax Laws

CA Final · Indirect Tax Laws

Foreign Trade Policy (FTP) 2023

Chapter 6 · 3 formulas · 4 exam-critical pointers

Core concepts

  1. 01FTP 2023 issued by DGFT for boosting exports; no fixed end date (continuous).
  2. 02Schemes: RoDTEP (Remission of Duties & Taxes on Exported Products), RoSCTL (textiles).
  3. 03AA (Advance Authorisation): duty-free import of inputs for exports.
  4. 04EPCG (Export Promotion Capital Goods): zero-duty capital goods with export obligation.
  5. 05Status Holder recognition (One Star to Five Star) based on export performance.

Flowchart summary

FTP Schemes | RoDTEP -- general remission scheme (replaces MEIS) | AA / DFIA -- duty-free inputs for export | EPCG -- zero-duty capital goods | EOU / SEZ -- enclave-based incentives

Exam-critical pointers

  • ⭐FTP 2023 emphasises 'process re-engineering & automation' — digital DGFT portal.
  • ⭐Districts as Export Hubs initiative — promote district-level export.
  • ⭐SCOMET (Special Chemicals, Organisms, Materials, Equipment, Technologies) — export licensing.
  • ⭐Project exports — separate guidelines; bank guarantee & RBI approval requirements.

Make it click

Formula sheet

  • Export Obligation (EPCG) = 6 × Duty saved (within 6 years)
  • Status Holder: One Star ($3M) → Five Star ($2000M) FOB exports over 4 yrs
  • MEIS replaced by RoDTEP since Jan 2021

More from Indirect Tax Laws

  1. Ch 1GST — Supply, Levy & Composition (Advanced)
  2. Ch 2GST — Input Tax Credit (Advanced)
  3. Ch 3GST — Registration, Returns & Refunds
  4. Ch 4GST — Assessment, Audit & Demands
  5. Ch 5Customs — Levy, Valuation & Procedures
All CA Final notes →
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