The EXIM policy consists of general provisions for exports and imports, promotional measures, duty exemption schemes, export promotion schemes, and details for different sectors. Its objectives include globalization, economic growth, improving technology and quality, and increasing export performance.
The 2009-2014 policy aimed to double India's exports and share in global trade by promoting key sectors like gems and jewelry, agriculture, and electronics through measures like expanding focus markets, duty exemptions, and import concessions.
The EXIM policy consists of general provisions for exports and imports, promotional measures, duty exemption schemes, export promotion schemes, and details for different sectors. Its objectives include globalization, economic growth, improving technology and quality, and increasing export performance.
The 2009-2014 policy aimed to double India's exports and share in global trade by promoting key sectors like gems and jewelry, agriculture, and electronics through measures like expanding focus markets, duty exemptions, and import concessions.
The EXIM policy consists of general provisions for exports and imports, promotional measures, duty exemption schemes, export promotion schemes, and details for different sectors. Its objectives include globalization, economic growth, improving technology and quality, and increasing export performance.
The 2009-2014 policy aimed to double India's exports and share in global trade by promoting key sectors like gems and jewelry, agriculture, and electronics through measures like expanding focus markets, duty exemptions, and import concessions.
The EXIM policy consists of general provisions for exports and imports, promotional measures, duty exemption schemes, export promotion schemes, and details for different sectors. Its objectives include globalization, economic growth, improving technology and quality, and increasing export performance.
The 2009-2014 policy aimed to double India's exports and share in global trade by promoting key sectors like gems and jewelry, agriculture, and electronics through measures like expanding focus markets, duty exemptions, and import concessions.
The foreign trade of India is guided by the Export Import policy of govt. of India.
Regulated by the foreign trade development and regulatory Act 1992. What is EXIM Policy Export import policy of the government that is announced every five years
Policy consists of :- General provisions regarding exports and imports Promotional measures Duty exemption schemes Export promotion schemes Special economic zone programs and other details for different sector General Objective Globalization Sustained economic growth Improving Technology International Standards Quality Products productivity competitiveness of Indian Industry improving export performance encourage foreign trade
Objective of Exim policy (2009- 2014) Prepared and announced by the central government. The Foreign Trade Policy for the period 2009-2014- announced on 27th August 2009 1. To arrest the declining exports and reverse the trend. 2. To double Indias exports of goods and services by 2014. 3. To double Indias share in global merchandise trade by 2020 as long term aim of this policy. Indias share in global merchandise export was 1.45% in 2008.
General provisions Exports and Imports free unless regulated Compliance with Laws Interpretation of Policy Procedure Exemption from Policy/ Procedure Principles of Restriction Restricted Goods
Contd.. Terms and Conditions of a License Importer-Exporter Code Number Exemption from Bank Guarantee Clearance of Goods from Customs
Target Export target : $ 200 billions for 2010- 2011.
Export growth rate :15% for next two years and 25% there after.
EPCG Scheme EXPORT PROMOTION CAPITAL GOODS Scheme extended for pre and post production facility Concessional 3% Duty EPCG Scheme Imports of spares to be included Capital goods up to 10 years shall be allowed EPCG for agro units
Special Focus Initiative SECTORS INITIATIVES MARKET DIVERSIFICATION 27 New Countries have been included in Focus Market Scheme.
The incentives increased from 2.5 to 3%.
TECHNOLOGICAL UPGRADATION EPCG scheme at zero duty have been introduced and has been simplified.
SECTORS INITIATIVES HANDLOOMS AND HANDICRAFTS Duty free import of old pieces of hand knotted carpets on consignment basis for re-export after repair is permitted. GEMS & JEWELLERY Import of Gold of 8k and above is allowed under replenishment scheme.
Duty free re-import entitlement for rejected jewellery shall be 2% of FOB value of exports.
SECTOR INITIATIVES
AGRICULTURE AND VILLAGE INDUSTRY
Vishesh Krishi and Gram Udyog Yojana.
Import of inputs such as pesticides are permitted.
LEATHER AND FOOTWEAR
Finished Leather exports to be incentivized.
SECTORS INITIATIVES MARINE SECTOR Duty free import of specified specialized inputs and chemicals is allowed to the extent of 1% of FOB value of preceding financial years export. Marine sector included for benefits under zero duty EPCG scheme. ELECTRONICS AND IT HARDWARE MANUFACTURING INDUSTRIES Export of electronic goods to be incentivized under Focus Product Scheme. Electronics Sector included for benefits under SHIS schemes. SECTORS
INITIATIVES
INCENTIVES FOR EXPORTS FROM THE NORTH EASTERN REGION. Notified products of this region would be incentivized under Reward Schemes. GREEN PRODUCTS AND TECHNOLOGIES
Focus would be on items relating to transportation, solar and wind power generation and other products as may be notified, which will be incentivized under Reward Schemes.