GST impact: Govt to reviewForeign Trade Policy
The central government has announced that it will release a review of the Foreign Trade Policy in September 2017, which will allow the government to factor in the exporters’ feedback on relevant issues post-GST.
During the release of Foreign Trade Policy for the period April 1, 2015, to March 31, 2020, it was mentioned that the policy would be reviewed mid-term with the objective of making a mid-course assessment and modification whenever required. While, in a recent stakeholder consultation, it was announced that an effort will be made to release the mid-term review before July 1, 2017, to align this with the rollout of GST.
“Number of representations have been received from the exporters regarding GST. Accordingly, it has been decided to release the reviewed Foreign Trade Policy in September 2017,” a government release said.
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Via:: Stock – India Infoline