Question

Foreign Trade Policy is a policy document which is based on continuity of time-tested schemes facilitating exports as well as a document which is nimble and responsive to the requirements of trade. Which of the following salient features of FTP 2023 is incorrect?

A Continuous and responsive framework with no end date
B Digitisation and faster processing of applications
C Amnesty scheme for shortfall in export obligations
D Over 50% reduction in threshold for recognition of star trade houses
E Targets $2 trillion exports by 2047.
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