Global Trade Alert
Global Trade Alert

India: Amendments to foreign trade policy (May 2018) - (extended due to the COVID-19 pandemic)

Announcement

10 May 2018

The Ministry of Commerce and Industry through Public Notice 6/2015-2020 has made amendments to the Foreign Trade Policy regarding input norms for import of raw materials and regarding additional export obligation fulfillment period for precious metal importers.

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Number of interventions

3

1 certainly harmful

2 likely harmful

0 liberalising

List of interventions

Implementation date

10 May 2018

Revocation date:

31 Mar 2023

Updated: 10 May 2018
Tax-based export incentive

The Public Notice has removed the Standard Input Output Norms (SION) in the Foreign Trade Policy for importing maize to produce export products such as maize starch powder, liquid glucose, dex...

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Updated: 10 May 2018
Import tariff

The Public Notice has removed the Standard Input Output Norms (SION) in the Foreign Trade Policy 2015-2020 for importing maize to produce export products such as maize starch powder, liquid gl...

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Implementation date

10 May 2018

Revocation date:

31 Mar 2023

Updated: 10 May 2018
Tax-based export incentive

The Public Notice also increased the Export Obligation Period for precious metals such as gold, silver, and platinum, if they are not imported for use in the gems and jewelry sector, from 120 ...

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