IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2015 | Removal date: 31 Mar 2021
Still in force

Other export incentive

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 as Towns of Export Excellence
  • Export Oriented Units (EOUs), Electronic Hardware Technology Park (EHTP) and Software Technology Parks (STP) are allowed to share infrastructural facilities and transfer of goods and services between them
  • EOUs are allowed set up warehouses near the port of export STPs 
  • EHTP and software EOUs are allowed the use of duty-free equipment for training of employees EOUs are required to get positive net foreign exchange earnings in 5 years; this time limit can now be extended by a year
  • The validity of permits for construction and setting up of plants for above-defined units and parks has been extended

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.

AFFECTED COUNTRIES

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