News Bureau

August 11, 2017

DGFT on midterm review of FTP 2015-20 issues

In order to take stock of the exports situation in the post GST regime, a meeting of all Regional Authorities of Directorate General of Foreign Trade (DGFT) and the SEZ Commissioners under the chairmanship of Director General of Foreign Trade, is being held on 10th and 11th August, 2017 in New Delhi.

Regional Authorities, which are interfacing with the exporter community, will deliberate and give specific suggestions on GST and Mid-Term review of Foreign Trade Policy (FTP) 2015-20. These include measures for boosting employment generation, continued capacity building of export oriented Medium and Small Enterprises (MSMEs) and various concerns of exporters while importing raw materials under the GST regime.

Also, measures to simplify the various applications under the Foreign Trade Policy, including IEC, ANFs (Aayat Niryat Forms) and other procedural steps to facilitate “ease of doing business” are being deliberated. The focus of the meeting is to clarify to Regional Authorities about various aspects of GST and to gain field-level stakeholder inputs on Mid-Term Review of Foreign Trade Policy so as to enhance export.

This is expected to growth momentum achieved recently in India’s exports is maintained and the export of goods and services remain competitive in the International market.