Govt extends foreign trade policy till March next year

By: |
September 28, 2021 9:21 PM

On March 31, 2020, the government had extended FTP (2015-20) for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown.

exportExports during April-September 21, 2021, stood at over USD 185 billion.

The government on Tuesday again extended the existing foreign trade policy (FTP) for another six months till March 31 next year, according to a notification.

Earlier, it had extended the FTP (2015-20) until September 30 this year due to the COVID-19 crisis.

FTP provides guidelines for enhancing exports to push economic growth and create jobs. Under FTP, the government provides incentives under different schemes such as Duty Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG).

“The existing FTP 2015-2020, which is valid up to September 30, 2021 is extended up to March 31, 2022,” the directorate general of foreign trade (DGFT) said in a notification.

On March 31, 2020, the government had extended FTP (2015-20) for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown.

Exports during April-September 21, 2021, stood at over USD 185 billion.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1IRB Infrastructure to raise Rs 5,347 cr from GIC, Spain’s Cintra
2Over 5 crore workers registered on e-Shram portal in two months
3Winter session from November 29: Two crucial financial Bills on agenda