Announcement
01 Apr 2015
On 1 April 2015, the Indian Ministry of Commerce & Industry through Notification No. 01/2015-2020 notified the new Foreign Trade Policy (FTP) 2015-2020 replacing the earlier FTP of 2014-19. The main objectives of the FTP are to increase exports of goods and services, increase value addition in the country and generate employment. Below are listed the major amendments in the new FTP as compared to the old policy. Several schemes have been continued from the old policy to the new and can referred to in the linked policy document.
On 31 March 2020, the Ministry of Commerce and Industry announced that the existing Foreign Trade Policy 2015-2020, which was to expire on 31 March 2020, will be extended till 31 March 2021.
On 1 September 2020, the Ministry announced that incentives under the MEIS will be available until 31 December 2020
Source
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Number of interventions
11
9 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Apr 2015
Revocation date:
No revocation date
Prolonged: 01 Apr 2023
Import tariff
In force
On 1 April 2015, the new Foreign Trade Policy 2015-2020 was announced. The policy has withdrawn the exemption from anti-dumping or safeguard duties that were provided to imports of capital goods under...
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Prolonged: 01 Apr 2023
Tax-based export incentive
In force
On 1 April 2015, the Foreign Trade Policy 2015-2020 was announced. As compared to the earlier Trade Policy 2009-2014, the new policy has extended the export obligation period under the Advance Authori...
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Prolonged: 01 Apr 2023
Other export incentive
In force
On 1 April 2015, the Foreign Trade Policy 2015-2020 was announced. The new policy has, as compared to the earlier Trade Policy 2009-2014, reduced the export obligation under the Export Promotion Capit...
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Prolonged: 01 Apr 2023
Other export incentive
In force
On 1 April 2015, India announced the new Foreign Trade Policy 2015-2020 which has made the following amendments for supporting export clusters and units -
Two additional towns have been recognized a...
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Implementation date
01 Apr 2015
Revocation date:
No revocation date
Prolonged: 01 Apr 2023
Import tariff
In force
On 1 April 2015, the Foreign Trade Policy 2015-2020 was announced. As compared to the earlier Trade Policy 2009-2014, the new policy has extended the time period allowed for exports in the categories ...
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Prolonged: 01 Apr 2023
Export licensing requirement
In force
On 1 April 2015, the new Foreign Trade Policy 2015-2020 was announced which amended the export authorization period on SCOMET goods.
Under the Indian Foreign Trade Policy, the exports of SCOMET (Speci...
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Implementation date
01 Apr 2015
Revocation date:
31 Mar 2020
Announced: 01 Apr 2015
Tax-based export incentive
On 1 April 2015, the Foreign Trade Policy 2015-2020 has been announced. Under the new Policy, a new scheme for incentivizing services exports, Service Exports from India Scheme (SEIS) has been announc...
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Implementation date
01 Apr 2015
Revocation date:
31 Dec 2020
Announced: 01 Apr 2015
Tax-based export incentive
On 1 April 2015, the new Foreign Trade Policy 2015-2020 announced incentives on goods exported to Japan.
Besides the country-group-specific export incentives, the newly announced Merchandise Exports I...
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Announced: 01 Apr 2015
Tax-based export incentive
On 1 April 2015, the new Foreign Trade Policy 2015-2020 announced the Merchandise Exports Incentive Scheme (MEIS) for incentives on exports of goods, with different rates of incentives for exports mad...
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Announced: 01 Apr 2015
Tax-based export incentive
On 1 April 2015, the Indian Ministry of Commerce and Industry announced the new Foreign Trade Policy 2015-2020 and within it introduced the Merchandise Exports Incentive Scheme (MEIS) for providing in...
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Announced: 01 Apr 2015
Tax-based export incentive
On 1 April 2015, the new Foreign Trade Policy 2015-2020 was announced. The new Policy includes an overhaul of the Indian export incentive system. Effective 1 April 2015, the various export incentive i...
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Related State Acts
Original removal: 31 Mar 2026
India: Changes to programmes announced as part of the 2025-2026 budget
Removed: 31 Mar 2025
India: Interim budget for the year 2024-2025
Removed: 31 Mar 2026
India: Foreign Trade Policy 2023 announced
Announced: 23 Sep 2021
India: Incentives on exports withdrawn for certain services in extension for 2019-2020
Announced: 27 Jul 2021
India: Temporary export incentive on certain pharmaceutical products
Announced: 01 Sep 2020
India: Benefit under export incentive scheme capped
Announced: 31 Mar 2020
India: Relief in fulfilling export obligations and importing goods duty-free in response to the COVID-19 pandemic
Announced: 14 Jan 2020
India: One-time incentive on exports of textiles
Announced: 22 Nov 2018
India: Temporary export incentive on certain rice varieties
Prolonged: 01 Apr 2023
India: Rules for fulfilling export obligations liberalised (extended due to the COVID-19 pandemic)
To be prolonged: 11 May 2018
India: Incentive on service exports increased
Announced: 23 Oct 2017
India: Extension of validity of duty credit scrips issued under export incentive schemes (extended due to the COVID-19 pandemic)
Announced: 04 May 2016
India: Incentives extended to additional markets under products export incentive scheme (extended due to the COVID-19 pandemic)
Announced: 29 Oct 2015
India: Additional products added under merchandise exports incentive scheme (extended due to the COVID-19 pandemic)
Announced: 19 Sep 2014
India: Increased benefits for certain products under Focus Product Scheme
Announced: 10 Jul 2013
India: Export benefits to additional 158 high-tech items
Announced: 31 Dec 2012
India: Expansion of product and market range for export subsidy under Foreign Trade Policy 2009-14
Announced: 05 Jun 2012
India: Additional incentives under export schemes of the Foreign Trade Policy 2009-14
Announced: 01 Apr 2010
India: Inclusion of Finished Leather in the Focus Product Scheme of FTP 2009-14
Announced: 26 Feb 2010
India: Export incentives under Focus Product Scheme extended to toilet and kitchen linen
Announced: 01 Jan 2010
India: Addition to various export incentive schemes in 2010 under Foreign Trade Policy 2009-14
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