Dear Members,
As you are aware, Foreign Trade Policy (FTP)/ HBP 2015-20 was lastly extended till 30th September 2022 vide DGFT Notification No. 64/2015-2020 & Public Notice no. 53/2015-2020 dated 31st March 2022, respectively.
In this regard, Ministry of Commerce & Industry has now issued a Press Release dated 26th Sept 2022 regarding extension of Foreign Trade Policy for six months.
We understand that government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extended from time to time.
In recent days, exporters and industry bodies have strongly urged the government that in view of the prevailing, volatile global economic and geo-political situation, it would be advisable to extend the current policy for some time, and undertake more consultations before coming out with the new policy.
Taking cognizance of the requests from stakeholders, it has been decided to extend the Foreign Trade Policy 2015-20, valid till Sept 30, 2022 for a further period of six months, w.e.f. October 1st , 2022.
Members are requested to take note of the same of this extension of FTP. The relevant DGFT Notification/ PN are awaited, however, the said press release is available for reference on below link:-
https://pib.gov.in/PressReleseDetail.aspx?PRID=1862335
The relevant DGFT Notification/ PN shall be shared with members once issued by O/o DGFT.
Feed-backs, if any may also be sent to the council on e-mail ids: - dg@chemexcil.in, pw@chemexcil.in, rd.ahd@chemexcil.in, robengaluru@chemexcil.in, rodelhi@chemexcil.in for records.
Thanking You,
Yours faithfully,
Deepak Gupta
Acting Executive Director
CHEMEXCIL
Encl: FTP Extension - PIB