GST rollout: Commerce Ministry to modify certain portions of FTP

The  commerce ministry  will modify certain portions of the foreign trade policy (FTP) to align it with the  Goods and Services tax , which is to be rolled out from July 1.  The ministry also proposes to come out with the mid-year review of FTP, a few months ahead of the schedule, before the  GST  rollout.  The 5-year foreign trade policy (2015-20) provides a fra…