Extension of Foreign Trade Policy up to 31st March 2022

The DGFT vide Notification No. 33/2015-2020 dated 28th September, 2021 has further extended the duration of Foreign Trade Policy 2015-2020 (FTP) from 30^th September 2021 to 31^st March 2022

The following are the major highlights

1. The existing Foreign Trade Policy 2015-20 is extended up to 31^st March 2022 (Earlier 30^th September 2021)
   
2. Imports against Advance Authorisations are exempted from Integrated Tax and Compensation Cess up to 31^st March 2022 (Earlier 30^th September 2021)
   
3. Capital goods imported under EPCG Authorisation for physical exports are exempt from IGST and Compensation Cess up to 31^st March 2022 (Earlier 30^th September 2021)
   
4. The imports and/ or procurement from bonded warehouse in DTA or from international exhibition held in India by an EOU/EHTP/STP/BTP would also remain exempted from IGST and Compensation Cess till 31^st March 2022. (Earlier 30^th September 2021)

For the Notification, Click here:
https://content.dgft.gov.in/Website/dgftprod/c6743e56-0ce1-4171-ba3c-c8506a8a6409/Notification%20no%2033%20english.pdf