DGFT Expands Scope of GAEC: Amends Para 10.16 of HBP 2023 to Include Appendix 10(N) Chemicals and More Destination Countries

The DGFT has expanded the scope of the Generalised Scheme of Preferences (GAEC), amending its Handbook of Procedures (HBP) to include new chemicals and more destination countries. This amendment is intended to boost India's exports by providing preferential tariff rates to a wider range of goods in more countries. This is a significant policy change that will have a positive impact on Indian exporters and will help in expanding India's global trade footprint.