Extension of India's Foreign trade policy 2015-2020 up to Sep 2021

New Delhi, Apr 1: The Union Ministry of Commerce and Industry announced extension of the Foreign Trade Policy (FTP) of the Govt of India. The present policy which came into force on Apr 1 2015, was to be implemented for 5 years, which was already once extended thereafter, up to 31st March, 2021.

 

 

 

In view of the unprecedented situation arising out of the pandemic triggered due to COVID 19, which is persisting, the Union govt has decided to continue benefits under various export promotion schemes by extending the existing FTP by another six months, which will be up to Sep 30, 2021 that will provide continuity in the policy regime.

 

 

 

 

 

 

A similar extension is made in the related procedures, by extending validity of Hand Book of Procedures. Besides, an exemption from payment of IGST and Compensation Cess on the imports made under Advance and EPCG authorizations and by EOUs and others has also been extended up to Sep 30, 2021. Similarly, validity period of the Status Holder Certificates is also extended, which will enable the Status Holders to continue to avail the specified facilities as well as benefits.