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What is the procedure of import and export in India?
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FTP Bullet points

According to Notification 57 Dated 31.03.2020 and PN 67 Dated 31.03.2020 Foreign Trade Policy 2015-2020 alongside the techniques is reached out for one year i.euo to 31.03.2021.

All the product impetuses including MEIS, SEIS, EPCG and different advantages stand reached out for the period 2020-21.

ROSCTL Claim last date of filling on the web guarantee is stretched out till 30.12.2020 rather than 30.06.2020.

Augmentation of due date for Transport and Marketing Assistance motivating force (TMA) – application for guarantee of impetus for quarter finishing 31 March 2019 and 30 June 2019 might be recorded before 30 September 2020.

Last date for documenting SEIS Application for FY 2018-19 will be 31.12.2020.

  • Qualified administrations for SEIS motivating force for FY 2019-20 will be informed.
  • Choice on continuation of SEIS motivating force against the products produced using 2020-21 to be taken accordingly.
  •  Status declarations gave under FTP will be legitimate for a very long time from the date of acknowledgment application was documented or 31.03.2021 whichever is later.
  •  Exception of IGST on imports against Advance Authorization are additionally expanded upto 31 March 2021.
  • The legitimacy of Duty Free Import Authorization (DFIA) is reached out by a half year where the legitimacy for import is terminating between 01 February 2020 and 31 July 2020.
  • Exclusion of IGST and Compensation cess on Capital merchandise imported under EPCG conspire is additionally expanded upto 31 March 2021.
  • The legitimacy of EPCG approval is stretched out by a half year where the legitimacy for import is terminating between 01 February 2020 and 31 July 2020.
  • Sends out made (LEO date) between 01 February 2019 and 31 May 2019, the application for MEIS motivator is to be recorded inside 15 months of the LEO date (prior it was a year).
  • Legitimacy of Advance Authorization terminating between 01 February 2020 and 31 July 2020, the legitimacy will be stretched out by a half year from the date of expiry Automatically.
  • Trade Obligation time of Advance Authorization terminating between 01 February 2020 and 31 July 2020, the EOP will be reached out by a half year from the date of expiry Automatically.
  • Endorsement for establishment of Capital Goods imported under the EPCG plot is reached out by a half year from the first due date where the due date terminates during 01 February 2020 and 31 July 2020.
  • Expansion of due date for release of Block Wise Export Obligation terminating during 01 February 2020 and 31 July 2020 reached out by a half year from the first due date Automatically.
  • Expansion of LOP/LOI whose legitimacy is terminating on or later 01 March 2020 will be considered to be substantial upto 31 December 2020.
  • Expansion of due date for TED Refund/Drawback – where the date of documenting is falling on or later 01 March 2020, the date of recording application is broadened upto 30 September 2020.
  • Late Cut – Last date of accommodation of use with the end goal of Late cut would be expanded time of this PN No 67 Dated 31.03.2020.
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