DGFT extends the duration of the Foreign Trade Policy, 2015-2020 till March 31, 2022

The DGFT vide Notification No. 33/2015-2020, dated September 28, 2021 has further extended the duration of Foreign Trade Policy, 2015-2020 (“FTP”) as under:

1. Extended the duration of the FTP, from September 30, 2021 till March 31, 2022.
2. Imports against Advance Authorisations shall remain exempted from Integrated Goods and Services Tax (“IGST”) and Compensation Cess till March 31, 2022.
3. Capital goods imported under Export Promotion Capital Goods Authorisation for physical exports shall remain exempted from IGST and Compensation Cess till March 31, 2022.
4. Imports and/ or procurement from bonded warehouse in DTA or from the international exhibition held in India, by an Export Oriented Unit, Electronics Hardware Technology Park, Software Technology Park or Bio-Technology Park on would remain exempted till March 31, 2022.

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