We are listing here 10 important features of new Foreign Trade Policy 2015-20

1.  Merchandise Export from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) launched
2. Raise India's share in world exports from 2 per cent to 3.5 per cent
3. Higher level of rewards under MEIS for export items with high domestic content and value addition
4. Chapter-3 incentives extended to units located in SEZs.
5. Export obligation under EPCG scheme reduced to 75 per cent to promote domestic capital goods manufacturing
6. FTP to be aligned to Make in India, Digital India and Skills India initiatives
7. Duty credit scrips made freely transferable and usable for payment of custom duty, excise duty and service tax
8. Export promotion mission to take on board state governments
9 Higher level of support for export of defence, farm produce and eco-friendly products
10.  Unlike annual reviews, FTP will be reviewed after two-and-Half years

Latest News  from Business News Desk