The Directorate General of Foreign Trade (DGFT) has introduced a new Inventory-based Cross-border E-Commerce Export Framework under the Foreign Trade Policy (FTP). This framework aims to streamline the export processes for e-commerce transactions, potentially affecting how goods are managed and documented in cross-border trade.
This change could alter the way exporters document and file their shipments, especially those involved in e-commerce. The framework may impact the timing and filing of export documentation, requiring adjustments in current practices. It is crucial for exporters to understand how their specific goods and processes are affected, particularly if they are involved in e-commerce transactions.
1) Open the official notice
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice