Foreign Trade Policy Amendments
[DGFT Notification
No. 57 dated 31st March 2020]
Effect of this Notification: The existing Foreign Trade Policy
2015-2020 which is valid upto 31.3.2020 is extended upto 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.
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:
[Para 1.01 - Duration of FTP]
1.
In para 1.01, the phrase "shall
remain in force upto 31st March, 2020 unless
otherwise specified" is substituted by the phrase "shall remain in
force upto 31th March, 2021 unless otherwise
specified."
[Para 3.08 - Eligibility]
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, decision on continuation of the scheme will be taken subsequently
and notified accordingly."
[Para 4.14 - Details of Duties Exempted]
3.
In para 4.14, the date
"31.03.2020" as appearing in the last line is substituted by
"31.03.2021".
[Para 4.29 - Validity & Transferability of DFIA]
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."
[Para 5.01 - EPCG Scheme]
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."
[Para 6.01 - Export and Import of Goods]
7.
In para 6.01(d) (ii), the date
"31.03.2020" as appearing in the last line is substituted by
"31.03.2021".