9,580.3090.2
Stock Analysis, IPO, Mutual Funds, Bonds & More

Foreign trade policy to be extended by 6 months till Sep 30

The commerce ministry is already in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the current one ends on March 31, 2020. The ministry's arm directorate general of foreign trade (DGFT) is formulating the policy. At present, tax benefits are provided under merchandise export from India scheme.

PTI|
Last Updated: Mar 27, 2020, 03.47 PM IST
0Comments
Trade---Agencies
Representative Image
Coronavirus

COVID-19 CASES

Confirmed
173,763
Deaths
4,971
NEW DELHI: The government will extend the existing foreign trade policy (2015-20) for six months till September 30 this year on account of coronavirus outbreak and the lockdown to contain the virus spread, an official said.

The official said that the existing schemes under the policy will be applicable till September this year.

Some more measures are expected to be provided to exporters, the official added.

Meanwhile, the commerce ministry is already in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the current one ends on March 31, 2020.

The ministry's arm directorate general of foreign trade (DGFT) is formulating the policy.

At present, tax benefits are provided under merchandise export from India scheme (MEIS) for goods and services export from India scheme (SEIS).

Exports during April-February this fiscal dipped by 1.5 per cent to USD 292.91 billion.

Imports during the period declined by 7.30 per cent to USD 436 billion, leaving a trade deficit of USD 143.12 billion.
(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Also Read

RIL-Rights Entitlement trade ends 41% higher than first trade

Is the stock market open for trading today?

Base Metals: Nickel trades down, copper trades up in futures trade

Analysts expect Nifty to trade rangebound

Base Metals: Nickel trades up, copper trades lower in futures trade

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service