DGFT issued Notification no. 62/2023 dated 29.02.2024 to amend Para 2.39 of Foreign Trade Policy, 2023.
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| Existing Para | Revised Para |
| Merchanting trade involving shipment of goods from one foreign country to another foreign country without touching India ports, involving an India intermediary is allowed subject to compliance with RBI guidelines, except for goods/ items in the CITES and SCOMET list. | Merchanting trade involving shipment of goods from one foreign country to another foreign country without touching Indian ports or shipment of goods within one specific foreign country, involving an intermediary is allowed subject to compliance with RBI guidelines, except for goods in the CITES, or under SCOMET. |
Effect of the Notification: 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.
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