Foreign Trade Policy 2015 20

Originally valid till 3113120 now extended till 3113123

FTP A set
of guidelines instructions issued by CG in
matters related to
foreign trade i.e
Importexport
Aim To develop export potential create favourable
balance
of payments position

Legislation Governing FTP The Foreign Trade Development

Regulation Act 1992

Concerned Commerce and

Ministry Ministry of Industry
Attached office
Directorate General Foreign trade
of organization
Headed
by
Daft Directorate General trade
of foreign
Role DGFe
of
1 Formulate Control and supervise FTP
2 Issue authorisation for import export
3 Grant Import Export Code IEC
4
Monitoring export obligation
5 Issue orders w rit interpretation provision FTP
of of

dealing with Fei

Other Authorities BIC
Ministry of Finance
RBI State Gst Departments

Import Export Goods can be broadly categorized as

of
File Restricted Prohibited
Various measures adopted in the direction ease
of of
doing business trade
facilitation Make in India includes

of mandatory does required for import export

No reduced
to 3

24 7 custom clearance for specified imports

SWIFT Single window Interface for Facilitating trade
Online
filing of application to obtain IEC code
various authorization scrips
Prior online
filing facility for shipping bills before shipment

General Provisions regarding Import Export

Exports imports free unless regulated
are

when restriction
except regulated by way of prohibition
exclusively through State
or Enterprises as
Trading
laid down in ITC Hs

Importer Exporter code IES

IEC
No import export
of goods without
10 character alpha numeric number
PAN is IEC We
f 117117
IEC allotted to is
an
applicant permanent
unless cancelled DAFT
by

Import Export Restricted goods in accordance

of only
with authorisation
permission
Authorisation is not a sight DAFT shall have

power to refuse to grant renew the same

 Scheme
Duty Exemption Remission

Advance Authorisation AA
scheme to import inputs used in
manufacturing of
without payment
export goods of Duty
Make application online obtain authorisation which
remains valid upto 12m from date of issue we is
more
OR specified
period

Material covered
Inputs Consumables Physical export
fuel oil Catalyst Specified Deemed Export

IAA.is
spare material max 10
erable
of lifvaluegan
BCD add duties 195T Cess Exempt

Quaintity Based on Sion Std Input Output Norms but

if Sion not Qty 210 Ratio shall

available their
be determined
by Regional Authority office of Daft
Annual AA If SION available Max 3001 FOB value
of
FY
of proceeding
SION not available then annual
If
requirement facility not available
Export experience minimum 2 years

Export obligation to be fulfilled within 18m

from issue AA
of
 Value Addition condition Min 157
FOB value CIF value
of Export
of Import
if value
of Import

Duty Free Import Authorization Dela

It is a to import inputs used in
post export facility
manufacture of export products fuel not allowed
DF A issued Sion has been notified
only if
Minimum value addition 201 exporting Encompleted
BCD exemption other duties
Only payable
DFIA is transferable
Request for issuance transferable DFIA to be made
of
within period
a
of
12m
from date
of export we is
LATER
Gm from date realisation proceeds
of
u
of export

Export Promotion Capital Goods Elca Scheme

Domestilimposted Physical P
___ig
Capital Goods a Ep seemed Expo't
obligation
second Hand goods

for pre during after prod Genial specific

form Assembled SKP CKD Avg Export Duty saved

Domestic Imported 3 PFY X 6 times
from of astimesfor
t t
wasanyway exported within's yrs
Excise before the newcapital
Import Duty Exempt good therefore it shall
Add obey as now
In post EPCG scheme duty
continue
onlyforunderstanding we have the new
capital goods
paid already Duty credit
Scrips issued
 RODTEP Remission Duties Taxes on Export Products
of
from 111121 ME's phased out RODTEP benefit shall be
available to exporter
Scheme is based on globally accepted principle that taxes
duties should not be exported
Granted rate notified as a f Fob with a value
of
cap pin for some items
Issued in form of transferable duty credit electronic

scrip credited to electronic credit

ledger under
customs Automated System
credit shall be used to BID 1951
Duty only pay

Service Export India SE is

from scheme

Eligibility Net Foreign Exchange in Pet

Individual incl proprietor concern 10,000
Others 75000

Net Foreign Exchange Gross

earnings of FC A
Total exp in Fc
payments
Transferable
Ineligibility Telecom sector Airlines Shipping lines
Period scrip 18 months
Validity of
Status Holder
Business leaders who have excelled in international trade
to
and have successfully contributed foreign trade
Provided on the basis
of
in
Export Performance CFYtPnceeding
For gems sector CFT t 2PM
jewellery
 Export performance
necessary for
atleast 2 out
4
of years

For calculating export performance for grant of One Star Export House Status category, exports by IEC holders under the

following categories shall be granted double weightage:

mom
Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act

2006, Manufacturing units having ISO/BIS, Units located in North Eastern States including Sikkim and Jammu &

Kashmir, Units located in Agri Export Zones

Authorisation on declaration basis

Privileges self
Fixation Sion within 60
of Days
Exemption from compulsory Bank guarantees
Permission to establish bonded
private
warehouse 72 star
Sample export Free of cost upto 21
of
average annual realisation in 3
yrs
Max for
I er
gems jewellery sector

EOUS EHTPs STP BTI's

Import without payment of duty

Lutsitagoods custom Gse

for manufacture incl repairs remake reconditioning

re
engineering rendering of services development of
software Trading Units
Foul EHTP STP BTP shall start prod within 2 yrs of
grant of letter of permission
minimum investment scr in
Only project having of
be considered establishment Eou
P M shall for of
other than etc NA to EHTP set Bep
Agri handitraft
Must have positive Net Foreign exchange earning
calculated block 5
cumulatively in of yrs starting
from production
Deemed Export
s
Q gse pi
Refund of shall be
DTA unit paid available Eou EHTP STP BTP

Transfer to another GOU EH P STP BTP

Unutilised treated as import for receiver
Material
Exported
in DTA with intimation to
Dispose off
custom authorities BCD 95
payment of

Deemed Exports
Goods don't leave India
seed in INR FOREX
payment
Supply to Eor STP EHTP Btr

Supply under AA DFIA EPCG

Supply of maritime freight containers by 1001
EOU

Supply to mega power projects nuclear projects UN

or international organic for official use