Foreign trade policy 2015-20 extended till 30th September 2021

The existing Foreign Trade Policy was to expire today on 31st March 2021 but Ministry of Commerce & Industry vide Notification no 60/2015-20, dated 31st March 2021, extends the same upto 30th September 2021. *****

Ministry of Commerce & Industry
Foreign Trade Policy 2015-2020 extended for 6 months till September 2021
Posted On: 31 MAR 2021

The Union Commerce and Industry Ministry today announced extension of the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021. In view of the unprecedented situation arising out of the pandemic Novel COVID-19, which is persisting, the Government has decided to continue benefits under various export promotion schemes by extending existing Foreign Trade Policy by another six months i.e. up to 30th September, 2021 which will provide continuity in the policy regime. Similar extension is made in the related procedures, by extending validity of HandBook of Procedures.

Exemption from payment of IGST and Compensation Cess on the imports made under Advance/EPCG Authorisations and by EOUs etc. has also been extended up to 30.09.2021. Similarly, validity period of the Status Holder Certificates is also extended. This will enable the Status Holders to continue to avail the specified facilities/benefits.

A notification for extending the Foreign Trade Policy 2015-20 and a Public Notice for extending the validity of the existing Handbook of Procedures 2015-20 has been issued today.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
New Delhi

Notification No. 60/2015-2020-DGFT
Dated: 31st March, 2021

S.O. 1425(E). In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.02 of the Foreign Trade Policy (FTP) 2015-2020, as amended, the Central Government hereby makes, with immediate effect, the following amendments in the FTP 2015-2020:

1. In para 1.01, the phrase ‘shall remain in force upto 31st March, 2021 unless otherwise specified’ is substituted by the phrase ‘shall remain in force upto 30th September, 2021 unless otherwise specified.’

2. In para 4.14, the date ‘31.03.2021’ as appearing in the last line is substituted by `30.09.2021′.

3. In para 5.01(a), the date ‘31.03.2021’ as appearing in the second sentence is substituted by ‘30.09.2021’.

4. In para 6.01(d) (ii), the date ‘31.03.2021’ as appearing in the last line is substituted by `30.09.2021′.
Effect of this Notification: The existing Foreign Trade Policy 2015-2020 which is valid upto 31.03.2021 is extended upto 30.09.2021.

Director General of Foreign Trade

Ex-officio Addl. Secretary to the Govt. of India

Email: dgft@nic.in

(Issued from file no. 01/75/171/00001/AM20/FTPCell(PtIV))

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