Scribd Logo
Upload

Welcome to Scribd!

  • 34 views

    Exim Policy India

    Uploaded by

    aparna_arora
    The Exim Policy of India aims to accelerate India's transition to a globally-oriented economy by maximizing benefits from global market opportunities. It provides various incentives and schemes for different sectors like services, agriculture, status holders, hardware and software, gems and jewelry, export clusters, and special economic zones to promote exports and foreign trade. Key aspects of the policy include duty exemptions, import entitlements, infrastructure development, and facilitation of exports.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Exim Policy India

    Uploaded by

    aparna_arora
    34 views3 pages
    The Exim Policy of India aims to accelerate India's transition to a globally-oriented economy by maximizing benefits from global market opportunities. It provides various incentives and schemes for different sectors like services, agriculture, status holders, hardware and software, gems and jewelry, export clusters, and special economic zones to promote exports and foreign trade. Key aspects of the policy include duty exemptions, import entitlements, infrastructure development, and facilitation of exports.

    Original Title

    21244886-Exim-Policy-India

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The Exim Policy of India aims to accelerate India's transition to a globally-oriented economy by maximizing benefits from global market opportunities. It provides various incentives and schemes for different sectors like services, agriculture, status holders, hardware and software, gems and jewelry, export clusters, and special economic zones to promote exports and foreign trade. Key aspects of the policy include duty exemptions, import entitlements, infrastructure development, and facilitation of exports.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views3 pages

    Exim Policy India

    Uploaded by

    aparna_arora
    The Exim Policy of India aims to accelerate India's transition to a globally-oriented economy by maximizing benefits from global market opportunities. It provides various incentives and schemes for different sectors like services, agriculture, status holders, hardware and software, gems and jewelry, export clusters, and special economic zones to promote exports and foreign trade. Key aspects of the policy include duty exemptions, import entitlements, infrastructure development, and facilitation of exports.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    Exim Policy India

    This site provides comprehensive information on Exim Policy India. The site also focuses on
    India's achievements as a result of its well crafted modern Exim policy.

    The major points of Exim Policy India is discussed as hereunder for each and every export
    sectors and schemes -

    Service
     Duty free import facility for service sector having a minimum foreign exchange earning of
    Rs.10 lakhs.
     The duty free entitlement shall be 10% of the average foreign exchange earned in the
    preceding 3 licensing years.

    Agro

    Corporate sector with proven credential will be encouraged to sponsor Agri Export Zone and to
    provide services such as provision of pre/post harvest treatment and operations, plant
    protection, processing, packaging, storage and related R&D.

    Status Holders

     Duty-free import entitlement for status holders having incremental growth of more than 25%
    in FOB value of exports.
     It shall be 10% of the incremental growth in exports and can be used for import of capital
    goods, office equipment and inputs.

    Hardware & Software

     To promote growth of exports in embedded software, hardware duty free import for testing
    and development purposes allowed.
     Hardware upto a value of US$ 10,000 shall be allowed to be disposed off. 100% depreciation
    to be available for 3 years.

    Gem & Jewelery Sector

     Diamond & Jewelery Dollar Account for exporters dealing in purchase/sale of diamonds and
    diamond studded jewelery.
     Gem & Jewelery units in SEZ and EOUs can receive precious metal i.e Gold/silver/platinum
    prior to exports or post exports equivalent to value of jewelery exported.

    Export Clusters

    Upgradation of infrastructure in existing clusters/industrial locations under the Department of


    Industrial Policy & Promotion (DIPP) scheme to increased.

    Rehabilitation of Sick Units

    Steps for for revival of sick units and extension of export has been modified.

    Removal of Quantitative Restrictions

    Import of 69 items covering animal products, vegetables and spices, antibiotics and films
    removed from restricted list.

    Special Economic Zones


     Sales from Domestic Tariff Area (DTA) to SEZs to be treated as export. Foreign bound
    passengers will now be allowed to take goods from SEZs to promote trade, tourism and exports.
     Export/import of all products through post parcel/courier by SEZ units will now be allowed.
     SEZ units will now be allowed to sell all products including gems and jewelery through
    exhibitions and duty free shops or shops set up abroad.

    EOU of Exim Policy India

     Agriculture/Horticulture processing EOUs will now be allowed to provide inputs and


    equipments to contract farmers in DTA.
     Period of utilization of raw materials prescribed for EOUs increased from 1 year to 3 years.
     Export/import of all products through post parcel/courier by EOUs will now be allowed.
     EOUs will now be allowed to sell all products including gems and jewelery through exhibitions
    and duty free shops or shops set up abroad.

    EPCG of Exim Policy India

     Shall allow import of capital goods for pre-production and post-production facilities also.
     To facilitate upgradation of existing plant and machinery, import of spares shall also be
    allowed.
     To facilitate diversification into the software sector.

    DEPB of Exim Policy India

    Facility for provisional DEPB rate introduced to encourage diversification and promote export of
    new products.

    DFRC of Exim Policy India

    Duty Free Replenishment Certificate scheme extended to deemed exports to provide a boost to
    domestic manufacturer. Value addition under DFRC scheme reduced from 33% to 25%.

    Advance License

    Standard Input Output Norms for 403 new products notified in Exim Policy India. Anti-
    dumping and safeguard duty exemption to advance license for deemed exports for supplies to
    EOU/SEZ/EHTP/STP.

    Transaction Cost Reduction

    Applications filed online shall have a 50% lower processing fee as compared to manual
    applications is notified in Exim Policy India.

    Other benefits extended by new Exim Policy India are -

     Actual user condition for import of second hand capital goods upto 10 years old dispensed
    with.
     Reduction in penal interest rate from 24% to 15% for all old cases of default under Exim
    Policy.
     Export of free of cost goods for export promotion @ 2% of average annual exports in
    preceding three years subject to ceiling of Rs.5 lakh permitted.
    EXIM POLICY
    -Govt announces its foreign trade policy once in 5 year. Popularly called EXIM POLICY. Announced in
    March97 valid period 97-02.
    Objectives are –
    - To accelerate the country`s transition to a globally oriented vibrant economy to derive maximum
    benefits from expanding global market opportunities
    - To stimulate sustained economic growth by augmenting production
    - To enhance the technology strength & efficiency of Indian Agriculture Industry & services thereby
    improving their competitiveness while generating new employment opportunities & encourage the
    attainment of international accepted standards of quality.
    - To provide consumers with good quality products at reasonable rates.
    Main Features
    1) Value based advanced license goes, new simple pass book introduced]
    2) 542-18(taken away from list) restricted items liberalised for imports
    3) special incentives for agro sector === exports & SSI products
    4) payment of duty under export promotion capital goods EPCG schemes reduced to 10%
    5) deemed export benefits extended to oil & gas sector
    6) EPCG schemes reduced to Rs 5 crore for agro & allied sectors
    7) Domestic traffic area (DTA) sale for export processing zones(EPZ) in agro & allied sectors
    liberalised
    8) Special imprest license facility extended to domestic capital good suppliers
    9) Software units permitted on line data communication for DTA sales also
    10) Initial validity of duty free licenses extended to 18 mts
    11) Electronic hardware units for electronic goods upto 70% in 3 years
    12) Anti dumping mechanism strengthed.
    13) Special description narms for electronic goodsupto 70% in 3 years.
    The objectives will be achieved through the coordinated efforts of all the depts of the govt. in
    general & the ministry of commerce and the directorate general of foreign trade.
    The govt. announces a trade policy every year.
    Trade policy 2000-01
    - Quantitative restrictions removed on 714 items
    - Safeguard for domestic industry through anti dumping & anti subsidy mechanism
    - Special economic zones planned in Gujarat, Tamil Nadu
    - Conversions of existing export processing zone SEZs
    - Rs 250 crore outlay for states in export efforts
    - Sector specific initiatives for EOUs and EPZs in gems & jewellery, agro chemicals, bio tech,
    pharmaceuticals, leath3er, garments, silk & granites
    - Duty free replenishment certificate scheme for more than 5000 products
    - EPCG scheme extended to all sectorswithout threshold limit
    - Boost to e- commerce, electronic, filingto be the norm
    - Personal carriage of gems & jewellary imports & exportsw of jewellary by courier allowed

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy