The government had extended the Foreign Trade Policy 2015-20 for a year till March 31, 2021 on March 31, 2020 amid the coronavirus outbreak.
The government on Wednesday extended the existing foreign trade policy (FTP) for six more months. The current policy will now be valid up to September 30, instead of March 31, stated the Ministry of Commerce and Industry in a notification. FTP provides guidelines to enhance exports to push economic growth and create jobs.
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy (FTP) 2015-2020, the Director General of Foreign Trade hereby makes, with immediate effect, the following amendments:
In the Handbook of Procedures (HBP), 2015-20:
1. In para 1.01, the phrase ‘shall remain in force until 31st March, 2021’ is substituted by the phrase ‘shall remain in force until 31th September, 2021.’
2. In para 3.20(a), the phrase ‘or 31.03.2021, whichever is later’ is is substituted by the phrase ‘or 30.09.2021, whichever is later.’
3. In para 4.12(vi), the date ‘31.03.2021’ as appearing in the first sentence is substituted by ‘30.09.2021.’
Effect of this Public Notice: Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 30th September, 2021.
News Source:- Business Today