FTP Bullet points

April 04, 2022

As per Notification 57 Dated 31.03.2020 and PN 67 Dated 31.03.2020 Foreign Trade Policy 2015-2020 along with the procedures is extended for one year i.euo to 31.03.2021.

1. All the export incentives including MEIS, SEIS, EPCG and other benefits stand extended for the period 2020-21.
2. ROSCTL Claim last date of filling online claim is extended till 30.12.2020 instead of 30.06.2020.
3. Extension of due date for Transport and Marketing Assistance incentive (TMA) – application for claim of incentive for quarter ending 31 March 2019 & 30 June 2019 may be filed before 30 September 2020.
4. Last date for filing SEIS Application for FY 2018-19 shall be 31.12.2020.
5. Eligible services for SEIS incentive for FY 2019-20 shall be notified.
6. Decision on continuation of SEIS incentive against the exports made from 2020-21 to be taken subsequently.
7. Status certificates issued under FTP will be valid for 5 years from the date of recognition application was filed or 31.03.2021 whichever is later.
8. Exemption of IGST on imports against Advance Authorization are further extended upto 31 March 2021.
9. The validity of Duty Free Import Authorization (DFIA) is extended by 6 months where the validity for import is expiring between 01 February 2020 and 31 July 2020.
10. Exemption of IGST and Compensation cess on Capital goods imported under EPCG scheme is further extended upto 31 March 2021.
11. The validity of EPCG authorization is extended by 6 months where the validity for import is expiring between 01 February 2020 and 31 July 2020.
12. Exports made (LEO date) between 01 February 2019 and 31 May 2019, the application for MEIS incentive is to be filed within 15 months of the LEO date (earlier it was 12 months).
13. Validity of Advance Authorization expiring between 01 February 2020 and 31 July 2020, the validity shall be extended by 6 months from the date of expiry Automatically.
14. Export Obligation period of Advance Authorization expiring between 01 February 2020 and 31 July 2020, the EOP shall be extended by 6 months from the date of expiry Automatically.
15. Certificate for installation of Capital Goods imported under the EPCG scheme is extended by 6 months from the original due date where the due date expires during 01 February 2020 and 31 July 2020.
16. Extension of due date for discharge of Block Wise Export Obligation expiring during 01 February 2020 and 31 July 2020 extended by 6 months from the original due date Automatically.
17. Extension of due date for discharge of Export Obligation Period expiring during 01 February 2020 and 31 July 2020 extended by 6 months from the original due date Automatically.
18. Extension of LOP/LOI whose validity is expiring on or after 01 March 2020 shall be deemed to be valid upto 31 December 2020.
19. Extension of due date for TED Refund/ Drawback – where the date of filing is falling on or after 01 March 2020, the date of filing application is extended upto 30 September 2020.
20. Late Cut – Last date of submission of application for the purpose of Late cut would be extended period of this PN No 67 Dated 31.03.2020.