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The DGFT vide Trade Notice No. 09/2021-22 dated 16 July 2021 has invited suggestions/inputs from various stakeholders for formulating the New Foreign Trade Policy 2021-26. The DGFT has required the stakeholders to send their suggestions in a prescribed google form, on or before 31 July 2021.
It is good to see that the Government has been actively involving the stakeholders in the policy formulation. Even in the case of Customs Exemption Review, the Government has invited suggestions from the Trade and Industry. Such involvment of the stakeholders will not only address their concerns but also ensure that a more assessee-friendly Policy is put in place.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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