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of <h1>India Amends Foreign Trade Policy to Boost Jobs with Duty-Free Imports in Key Sectors Starting April 2015.</h1> The Government of India has amended Chapter 1 of the Foreign Trade Policy (FTP) 2015-2020, effective from April 1, 2015, to enhance employment opportunities in specific sectors. The amendment introduces duty-free import entitlements for certain inputs in the Handlooms, Handicrafts, Leather, Marine, Sports Goods, and Toys sectors. These entitlements are based on a percentage of the Free on Board (FOB) value of exports from the previous financial year, with specified limits for each sector. The duty-free provision applies only to the basic customs duty starting July 1, 2017, reinstating benefits from the previous FTP 2009-2014.
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