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Foreign trade policy 2015-20 extended to 31st March 2021

Notification No. 57/2015-20

S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade(Development & Regulations) Act,1992 read with paragraph 1.02 of the Foreign Trade Policy (FTP) 2015-20, as amended, the Central Government hereby makes, with immediate effect, the following amendments in the FTP 2015-20.

  1. In para 1.01, the phrase ”shall remain in force up to 31st March 2020 unless otherwise specified” is substituted by the phrase ”shall remain in force up to 31st March 2021 unless otherwise specified.”
  2. The following shall be added at the end of para 3.08(a):

“However, the service categories eligible under the scheme and the rates of reward on such services as rendered w.e.f. 1st April 2019 to 31st March 2020 shall be notified separately in Appendix 3 X. For the services rendered w.e.f. 1st April 2020, the decision on continuation of the scheme will be taken subsequently and notified accordingly.”

Related Topic:
Update on Foreign Trade Policy 2015-20 w.e.f. 01st April 2020

3. In para 4.14, the date ”31.03.2020” as appearing in the last line is substituted by “31.03.20121”.

4. In para 4.29(viii), after the first sentence, the following is inserted:

“However, for all DFIAs(including transferable DFIAs), where the validity for import is expiring between 01.02.2020 and 31.07.2020, the validity stands automatically extended by six months from the date of expiry.”

5. In para 5.01(a), the date “31.03.2020” as appearing in the second sentence is substituted by “31.03.2021”.

6. In para 5.01(c), after the second sentence, the following sentence is inserted:

“However, in case the validity period for import expires during 1st February 2020 to 31st July 2020, the validity stands automatically extended by further 6 months from the date of such expiry.”

7. In para 6.01(d)(ii), the date ”31.03.2020” as appearing in the last line is substituted by “31.03.20121”.

Related Topic:
Amendments In Foreign Trade Policy 2015-20

Effect of this Notification:

The existing Foreign Trade Policy 2015-20 which is valid up to 31.03.2020 is extended up to 31.03.2021. Various other changes are also made extending the date of exemptions by one year and extending validity of DFIA and EPCG Authorizations for import purposes.

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Foreign trade policy 2015-20 extended to 31st March 2021

 

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