The Union Commerce and Industry Ministry announced extension of the Foreign Trade Policy (FTP) of Government of India.
Daily Current Affairs Quiz 2021
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 persisting COVID-19 pandemic, the Government has decided to continue benefits under various export promotion schemes by extending existing Foreign Trade Policy by another six months i.e., up to 30th September, 2021.
Exemption from payment of IGST and Compensation Cess on the imports made under Advance/EPCG Authorisations and by EOUs etc. has also been extended up to 30.09.2021.
Similarly, validity period of the Status Holder Certificates is also extended. This will enable the Status Holders to continue to avail the specified facilities/benefits.
