Circular No.ES/2/2020-21 2nd April, 2020
To: Members of the Council
Sub.: Extension of Foreign Trade Policy 2015-2020 till 31.03.2021
We would like to inform you that O/o DGFT has issued Notification No. 57/2015-20 dated 31st March, 2020 regarding extension of Foreign Trade Policy 2015-2020 till 31st March, 2021.
The Central Government hereby makes the following amendments in FTP 2015-20 regarding extension of date of exemptions by one year and extension of validity period of DFIA and EPCG Authorizations for import purposes with immediate effect -
In para 1.01 regarding Duration of FTP, - The phrase “shall remain in force upto 31st March, 2020 unless otherwise specified” is substituted by the phrase “shall remain in force upto 31st March, 2021 unless otherwise specified.”
In para 4.14 which refers to details of duties exempted - The date “31.03.2020”as appearing in the last line is substituted by “31.03.2021”.
In para 4.29(viii) regarding validity and transferability of DFIA - After the first sentence, the following is inserted::
“However, for all DFIAs (including transferable DFIAs), where the validity for imports is expiring between 01.02.2020 and 31.07.2020, the validity stands automatically extended by six months from the date of expiry.”
In para 5.01(a) regarding EPCG Scheme - The date “31.03.2020”as appearing in the second sentence is substituted by “31.03.2021”.
In Para 5.01(c) regarding EPCG Scheme - After the second sentence, the following sentence is inserted:
“However, in case the validity period for import expires during 1st February, 2020 to 31st July, 2020, the validity stands automatically extended by further 6 months from the date of such expiry.”
In para 6.01(d)(ii) regarding Export and Import of goods - The date “31.03.2020” as appearing in the last line is substituted by “31.03.2021”.
Members may kindly make a note of the above amendments.