Foreign Trade
DGFT policy, export schemes and import conditions.
5stories · Rule change
September 2026
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Pre-Shipment Inspection Certificate to be issued within 2 days of inspection; one-time window for backlog PSICs: DGFT Trade Notices No. 28/2026-27 and 22/2026-27
PSIC within 2 daysRule changeDGFT’s Trade Notice No. 22/2026-27 of 25 August 2026 tightened the PSIA/PSIC module so that a Pre-Shipment Inspection Certificate could be generated only on the date of inspection. Trade Notice No. 28/2026-27 of 16 September 2026 relaxes this to 2 days from inspection and gives agencies a one-time seven-day window to clear backlog certificates.
August 2026
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Export proceeds can be realised in any foreign currency or in Indian Rupees; rupee realisations get FTP benefits — Paras 2.52 and 2.53 amended by DGFT Notification 30/2026-27
Rupee exports get FTP benefitsRule changeDGFT has rewritten Paras 2.52 and 2.53 of the Foreign Trade Policy 2023. Export contracts and invoices (other than with ACU member countries) may be denominated in foreign currency or Indian Rupees, and proceeds realised in either. Exports realised in rupees through rupee accounts of non-residents qualify for export benefits and export obligation, at par with foreign currency.
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Import of clear float glass (4 mm–12 mm) moved to “Restricted”; free only at CIF ₹34,000 per MT and above — DGFT Notification 29/2026-27
MIP ₹34,000 per MTRule changeDGFT has revised the import policy of clear float glass (4 mm–12 mm) under ITC (HS) codes 70051090 and 70052990 from “Free” to “Restricted”. Import stays “Free” where the CIF value is ₹34,000 or more per MT. The minimum import price condition does not apply to Advance Authorisation holders, EOUs and SEZ units, and runs for one year.
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Interest subvention on export credit: EXIM Bank replaces RBI as implementing agency from 1 April 2026
RBI → EXIM BankRule changeTrade Notice 17/2026-27 records the transition under the Export Promotion Mission – Niryat Protsahan. Banks will now claim reimbursement from EXIM Bank; the benefit still reaches the MSME exporter upfront.
July 2026
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Import of goods made with forced labour is prohibited under new FTP Para 2.20B
prohibitedRule changeThe Foreign Trade Policy now carries a prohibition on importing goods produced, wholly or in part, with forced labour. The Central Government will name the goods by notification after an enquiry by DGFT.
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