In today’s interconnected world, businesses need to manage the cross-border movement of goods and be cognizant of various country-specific restrictions (including non-tariff barriers) and incentives. The participation of a country in specific trade blocs and the free trade agreements between countries add further nuances to the decision-making process. India, with its traditional strengths in manufacturing, is an integral part of the global value chain. 

In India, cross-border movements are regulated by the Customs Authorities, and the Foreign Trade Policy provides various incentives and restrictions on imports and exports. India also has a concept of Special Economic Zones, which are export-focused manufacturing zones (although there can also be service exports from these zones, apart from warehousing activities). A business involved in imports/ exports needs to comply with and keep abreast of all these regulations. 

BDO India’s team of seasoned professionals, armed with extensive industry-specific knowledge and experience, lends invaluable support in enhancing compliance efficiency and orchestrating a transformation in the value chain.