DGFT amends Foreign Trade Policy (FTP) 2015-2020

Apr 08, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Directorate General of Foreign Trade (DGFT) on March 31, 2021 has amended the Foreign Trade Policy (FTP) 2015-2020. 

The following amendment under the Foreign Trade Policy 2015-2020 has been made: -

• In Para 1.01 which specifies duration of FTP “The Foreign Trade Policy (FTP), 2015-2020, incorporating provisions relating to export and import of goods and services, shall come into force with effect from the date of notification and “shall remain in force up to September 30, 2021 unless otherwise specified” All exports and imports made up to the date of notification shall, accordingly, be governed by the relevant FTP, unless otherwise specified.”

• In Para 4.14, 5.01 & 6.01 which specifies details of duties exempted, EPCG Scheme and export and Import of Goods respectively the date is substituted by September 30, 2021. 

The existing Foreign Trade Policy is valid up to September 30, 2021. 

[Notification No- 60/2015-2020]

 


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