Decoding India Foreign Trade Policy 2025: What Mumbai businesses need to know in June
India’s Foreign Trade Policy 2025 (FTP 2025) signals a strategic shift in boosting exports, streamlining processes and improving ease of doing business. For Mumbai vibrant import-export community, June 2025 is a critical phase as several updates come into effect. Adapting to these changes will ensure compliance, efficiency and access to new opportunities.
Core pillars of FTP 2025
Ftp 2025 revolves around four major focus areas:
• Incentive to remission: The policy replaces traditional incentives with a remission-based approach. A key example is the rodtep (remission of duties and taxes on exported products) scheme. From June 1, 2025, full rodtep benefits have been reinstated for advance authorization holders, eous and sez units — a major boost for Mumbai exporters.
• Ease of doing business: Emphasis is placed on digitization and automation, reducing paperwork and bringing faster clearances across trade schemes like epcg and advance authorization.
• Compliance simplification: FTP 2025 aims to reduce redundant approvals and streamline regulations, cutting bureaucratic red tape and facilitating smoother trade operations.
• Digital integration: With wider adoption of e-documentation and blockchain, Mumbai businesses benefit from increased transparency and reduced manual errors.
Key updates impacting Mumbai Traders
• Revised hs codes and rodtep rates: The finance act 2025 has introduced updates to hs codes and tariff lines. Companies must re-map their product lists to align with new rodtep rates and avoid customs delays.
• Import ban from Pakistan: Notification no. 06/2025-26 (May 2025) prohibits all imports from Pakistan. Mumbai importers must ensure full compliance to avoid legal and financial risks.
• Self-regulation & audits: FTP 2025 encourages voluntary post-clearance declarations. Robust internal compliance systems are essential to prevent penalties during audits.
• Sez land norm relaxation: New rules effective June 3, 2025, reduce land requirements for electronics and semiconductor units in sezs. This could invite new investments to Maharashtra, boosting local trade and manufacturing.
Why customs clearing agents matter?
Experienced customs clearing agents, such as Transtake Shipping Solutions, play a pivotal role:
• Provide expert guidance on evolving FTP norms.
• Ensure compliance and accurate documentation to avoid delays.
• Help businesses maximize policy benefits like rodtep.
FTP 2025 brings a future-ready vision for India Trade Ecosystem. Mumbai businesses that embrace these changes and partner with knowledgeable agents will be well-positioned to thrive in a competitive global marketplace.