Foreign trade policy: Exporters seek 3 months from Centre for transition

In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter

imports, exports, trade, foreign trade

Photo: Bloomberg

Shreya Nandi New Delhi

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In the absence of a sunset clause in the new foreign trade policy (FTP), exporters have urged the government to allow a three-month transition period before coming up with any major changes in the policy.

In a letter to the Commerce and Industry Minister Piyush Goyal, exporters' apex body Federation of Indian Export Organisations (FIEO) President A Sakthivel has sought the transition time so that existing contracts can be executed according to the existing FTP, rather than a new one, Business Standard has learnt.

For instance, going ahead, if at any point the government decides to discontinue or change any major export boosting scheme, such as the Remission of Duties or Taxes on Export Products (RoDTEP), an exporter would have

First Published: Apr 02 2023 | 9:02 PM IST

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