Quick Summary
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
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FAQ :
The FTP 2015-20 is the current foreign trade policy of the Government of India, which came into force on 1st April 2015.
The policy has been extended due to the unprecedented and persisting situation arising from the COVID-19 pandemic.
The Foreign Trade Policy 2015-20 has been extended for six months until September 30, 2021.
The validity of the HandBook of Procedures, exemptions from IGST and Compensation Cess on certain imports, and the validity period of Status Holder Certificates have also been extended.
The extension is intended to provide continuity in the policy regime and enable exporters to continue availing benefits under various export promotion schemes and facilities.
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