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India Free Trade Agreements with SAARC and SAFTA members and Other Countries.

India Free Trade Agreement with Foreign Countries

S.No Title
1. Duty Free Tariff Preference Scheme for Least Developed Countries Rules, 2008
2. India Afghanistan Free Trade Agreement
3. India Bangladesh Free Trade Agreement
4. India Bhutan Free Trade Agreement
5. India Ceylon Free Trade Agreement
6. India Chile Free Trade Agreement

7. India Korea Free Trade Agreement
8. India Maldives Free Trade Agreement
9. India Myanmar Free Trade Agreement
10. India Nepal Free Trade Agreement
11. India Pakistan Free Trade Agreement
12. India Singapore Economic Cooperation (Foreign Trade Agreement)
13. India Sri Lanka Free Trade Agreement
14. SAFTA Trade Agreement
15. India Free Trade Agreement with Member MERCOSUR States
16. Exemption of Customs duty on certain goods when imported into India from the Malaysia, Singapore & Thailand

Current Engagements/ Negotiations

1. Current Engagements of India in RTAs

Agreements already concluded

S. No Title
1. Agreement of Cooperation with Nepal to Control Unauthorized Trade
2. Agreement on Economic Cooperation between India and Finland
3. Asia Pacific Trade Agreement APTA
4. Comprehensive Economic Cooperation Agreement between India and Malaysia
5. Global System of Trade Preferences GSTP
6. India Chile PTA
7. India ASEAN Agreements
8. India Japan CEPA
9. India Korea CEPA
11. India Nepal Trade Treaty
12. India Sri Lanka FTA
13. SAARC Agreement on Trade in Services SATIS
14. Treaty of Transit between India and Nepal

Other Agreements/ Negotiations

S.No Title
1. Agreements in the pipeline
2. Framework Agreement with ASEAN
3. Framework agreement with Chile
4. Framework Agreement with GCC States
5. Framework Agreement with Thailand
6. India EU Trade and Investment Agreement TIA
7. India US Trade Policy Forum Joint Statement
8. India and Australia Joint Free Trade Agreement Feasibility Study
9. India DPR Korea Trade Agreement
10. India EU Strategic Partnership Joint Action Plan
11. India Indonesia Joint Study Group Report
12. India Korea Joint Study Group
13. India Mongolia Trade Agreement
14. India New Zealand Joint Study Report
15. India United States Commercial Dialogue
16. Joint Communique for setting up the India Russia Joint Task Force
17. MOU between Establishing Border Haats across the Border between India and Bangladesh
19. MOU between India and Viet Nam on the recognition of Vietnam as a Full Market Economy

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What is New?

Date: 09-10-2015
DGFT Notification No 24/ 2015-2020
Amendment in Policy condition 1 of Chapter 88 of ITC(HS), 2012 - Schedule-1 (Import Policy).

Date: 08-10-2015
RBI/2015-16/201 A. P. (DIR Series) Circular No. 20
Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation

Date: 08-10-2015
RBI/2015-16/203 A. P. (DIR Series) Circular No. 21
Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

Date: 07-10-2015
Central Excise Notification No 21/2015 CE (NT)
Seeks to further amend CENVAT Credit Rules, 2004 so as to allow input credit of duty paid on molasses generated from cane crushed in the sugar season 2015-16 i.e. 1st October, 2015 onwards, used for producing ethanol for supply to the public sector oil marketing companies, namely, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. or Bharat Petroleum Corporation Ltd., for the purposes of blending with petrol, in terms of the provisions of S. No. 40A of the Table in notification No.12/2012-Central Excise, dated the 17th March, 2012, by including such supplies of exempted ethanol under rule 6(6) of the CENVAT Credit Rules, 2004

Date: 07-10-2015
DGFT Notification No 23/ 2015-2020
Export Policy of rice.

Date: 06-10-2015
DGFT Notification No 22/ 2015-2020
Amendment in Notification No. 55(RE-2013)/2009-14 dated 03.12.2013 relating to export of Narcotics Drugs and Psychotropic Substances.

Date: 06-10-2015
RBI/2015-16/198 A.P. (DIR Series) Circular No 19
Investment by Foreign Portfolio Investors (FPI) in Government Securities

Date: 06-10-2015
Service Tax Circular No.186/03/2014–ST
Regarding Service tax levy on services provided by a Goods Transport Agency

Date: 05-10-2015
Customs Notification No. 49/ 2015
Seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to increase the basic customs duty on ghee, butter and butter oil from the present rate of 30% to 40% for a period upto and inclusive of the 31st day of March, 2016

Date: 01-10-2015
Central Excise INSTRUCTION
Jurisdiction of the Settlement Commission (Customs, Central Excise & Service Tax) in respect of the cases of Gold Smuggling

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