The Directorate General of Foreign Trade (DGFT) on February 29, 2024, issued an Amendment in Para 2.39 of the Foreign Trade Policy, 2023.
The following amendment has been stated:
• Merchanting Trade carried out within one specific foreign country is permitted subject to compliance with RBI guidelines, except for goods listed in the CITES Appendices, or under SCOMET.
[Notification No 62/2023]