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HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020

by Jitu Suthar

HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020

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announced on 01st April 2015 to support manufacturers and service sectors with special emphasis to improve ease of doing business. This five year foreign trade policy introduces new schemes for exporters of India called MEIS, Merchandise Exports from India Scheme and SEIS, Service Exports from India Scheme. Special focus on trade facilitation also is one of the features of Foreign Trade Policy of India 2015-20.

The Foreign Trade Policy, 2015-20, is notified by Central Government, in exercise of powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) [FT (D&R) Act], as amended.

The Foreign Trade Policy (FTP), 2015-2020, incorporating provisions relating to export and import of goods and services shall come into force with effect from the date of notification and shall remain in force up to 31st March, 2020, unless otherwise specified. All exports and imports made up to the date of notification shall, accordingly, be governed by the relevant FTP, unless otherwise specified.

Also Read: Procedure for change of company name

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HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020

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HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020

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