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: Extension of Foreign Trade Policy 2015-2020 till 31.03.2021

ISEPC Cir NO 28-4 EXIM /2019-20                                                                                                                      1st April 2020

 

To:

All Members of the Council

 

Subject: Extension of Foreign Trade Policy 2015-2020 till 31.03.2021

 

Dear Member,

We would like to inform you that O/o DGFT has issued Notification No. 57/2015-20 dated 31st March, 2020 regarding extension of Foreign Trade Policy 2015-2020 till 31st March, 2021.

The Govt of India hereby makes the following amendments exemptions by one year and extension of validity period of DFIA immediate effect: in FTP 2015-20 regarding extension of date of and EPCG Authorizations for import purposes with

1. In para 1.01 regarding Duration of FTP, -The phrase “shall remain in force upto 31st March, 2020 unlessotherwise specified” is substituted by the phrase “shall remain in force upto 31st March, 2021 unless otherwise specified;”

2. In para 4.14 which refers to details of duties exempted -The date “31.03.2020”as appearing in the last line issubstituted by “31.03.2021”;

3. In para 4.29(viii) regarding validity and transferability of DFIA - After the first sentence, the following isinserted:“However, for all DFIAs (including transferable DFIAs), where the validity for imports is expiring between 01.02.2020 and 31.07.2020, the validity stands automatically extended by six months from the date of expiry;”

4. In para 5.01(a) regarding EPCG Scheme - The date “31.03.2020”asappearing in the second sentence issubstituted by “31.03.2021;

5. In Para 5.01(c) regarding EPCG Scheme - 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;”

6. In para 6.01(d)(ii) regarding Export and Import of goods - The date“31.03.2020” as appearing in the last lineis substituted by “31.03.2021”;

Members may kindly make a note of the above amendments.

 

Thanks n regards,

Sanjeev Kr Sharma

Sr Director – ISEPC

New Delhi, India

Mobile #: +9899573797