SAU-1 | Mid-Review of FTP released on 5th December 2017

The mid-review of Foreign Trade Policy was released on 5th December 2017. The aim is to¬†double India’s exports of goods and services to $900 billion by 2020.

The incentives notified are as follows:

  • Simplification of Import export code
  • GST to help spur exports growth
  • Rationalization of export promotion schemes
  • Focus will be on new markets for Indian exporters i.e. Africa, Latin America
  • MSME, agricultural products, labour intensive sectors will be in focus
  • Self-certification scheme for duty free imports of inputs for exports
  • Validity for duty credit scrips raised from 18 months to 24 months
  • Single point contact for trade queries launched on DGFT portal
  • Single window system for export of perishable agriculture produce
  • Only 3 mandatory documents for exports& imports each
  • Consignment of export items not to be withheld for any reason by Govt.
  • 24/7 customs clearance facility for all bills of entry
  • Enhanced insurance cover for exporters
  • MEIS incentives raised by 2% to 4% for all labour intensive sector exports
  • Benefits to Leather, Handicrafts, Carpets, Sports goods, Agriculture, Marine, Electronic Components, Project Exports
  • MEIS incentives for two sub-sectors of textiles, i.e., ready-made garments and made ups already been increased from 2% to 4%
  • SEIS incentives increased by 2%.
  • SEIS incentives increased by 2%for all notified sectors such as educational, hospital, hotels & restaurants, biz, legal, accounting, architectural, etc.


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