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Published by: Manandeep Singh on Mar 01, 2011
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Presented By: Manandeep Singh Rana Rajwanti Negi

EXIM stands for export and import. import. EXIM POLICY OR FOREIGN TRADE POLICY is a set of guidelines and instructions and various policy decision taken by the government in the sphere of foreign trade i.e. with respect to import and export of the country. country. It is prepared and announced by the central government(Ministry OF Commerce)

Aspect of EXIM Policy: Policy:
Import policy:- which is concerned with regulation and policy: management of imports. imports.  Export policy:- which is concerned with exports not only policy: promotion but also regulation. regulation. 

Legal framework 

Legal framework for foreign trade has provided by Foreign Trade (Development And Regulation) Act 1992 which replaced the Imports and Exports (Control) Act 1947. 1947. Beside this act there are some other laws also which control the trade in certain items like export of coffee is regulated by Indian Coffee Act 1942 and export of tea is regulated by Tea Act 1953 etc. etc. SectionSection-5 of this act gives power to central government to announce the Export Import policy for the country. country.  

General objective of EXIM policy:policy:  Promoting exports and augmenting foreign exchange earnings. earnings.  Regulating export when ever it is necessary for the purpose of either avoid competition among the Indian exporters or ensuring domestic availability of essential items. items.  To restrict country¶s imports and provide a sheltered market for domestic industries for rapid growth. growth. Initially the EXIM Policy was introduced for the period of three years with main objective to boost the export business in India. India. After 1992, it is being made for 5 years. 1992, years. Some change has also been introduced annually in it. it.

EXIM Policy 1985
In the year 1985, the government of India 1985, adopted three year EXIM Policy for first time which was advocated by Alexandra committee in 1978. 1978. Its main objectives were: were:  To stablize the export and import policy. policy.  To remove uncertainity so that industries could frame long term goals. goals.

Relaxing the process of getting inputs. . inputs. production. spheres. exports.Following steps were announced:announced: Strengthening the base of export production. administration. Relaxation in imports to promote exports. market. To help Indian products to compete in foreign market. Improvement in administration. Import substitution method in selected spheres. To provide facility for technological improvements. improvements.

inputs. period. To promote efficient import substitution and self reliance. . To simplify and streamline the procedures of import licensing and export promotion. 1990 a new export 30. import policy for a 3 year period. reliance. capability. To facilitate availability of necessary imported inputs. Objectives: Objectives:     To encourage rapid and sustained growth in export. export. To support research and development institution for building up their scientific and technological capability.EXIM POLICY 1990 The government announced on April 30. promotion.

An automatic licensing was introduced under which upto some percent of the value of previous year¶s licence can be imported.    . agencies. expanded.Sailent feature of policy are:are:  List of items imported under open general licence(OGL) were expanded. seeds etc. products. Import of certain raw materials such as petroleum. imported. 1343. fertilizers. Number of capital goods item permitted under OGL was increased was increased from 1261 to 1343. were canalised through public sector etc. agencies.

it should not Rs. 75 crore in Rs. the average annual of net foreign exchange earning for base period should not be less than Rs. For registered exporters. Under the Duty Exemption Scheme. years. the preceeding three licensing period of the base period. Blanket Advance licensing was introduced for manfacturer exporters having a minimum net foreign exchange earning of Rs. the concept of net foreign exchange earning was made a guiding criterion for issue of licences. years. 5 crores and for trading houses. Under the scheme of registration of export house. licences. Rs. period. 10 crore in the preceeding three Rs. be less than Rs. Scheme of Star Trading House was introduced for exported with average annual of net foreign exchange earning of Rs. 20 crores.    . crores.

. industries. Adverse effect on indigeneous industry. Technological degrading in the name of technological upgrading. india.Evaluation of policy:policy:Critics have noted following points:points: Adverse effect on the growth of capital goods industry in india. upgrading. Import policy likely to hit small scale industries. industry.

the Export Import Policy was made for the duration of 5 years. the Central Government reserves the right in public interest to make any amendments to the trade Policy in exercise of the powers conferred by Section-5 of the Act. Objective: liberalise imports  boost exports. In order to bring stability and continuity.the Government of India for the first time introduced the Indian Exim Policy on April I. 1992. . However.

Export Import Policy is believed to be an important step towards the economic reforms of India Main steps taken are:are:introduction of the duty-free Export Promotion Capital Goods (EPCG) scheme strengthening of the Advance Licensing System waiving of the condition on export proceeds realisation rationalisation of schemes related to Export Oriented Units and units in the Export Processing Zones. .

trade. and a 1992New Export Import Policy was need for the smooth functioning of the Indian export import trade. 1997-2002. Hence. India introduced a new Exim Policy for the year 1997-2002. the Government of trade. This policy has further simplified the procedures and reduced the interface between exporters and the Director General of Foreign Trade (DGFT) by reducing the number of documents required for export by half . Import has been further liberalized and better efforts have been made to promote Indian exports in international trade.EXIM POLICY(1997 -2002) 2002) With time the Exim Policy 1992-1997 became old. .

  . improving their competitiveness. To improve the technological strength and efficiency of Indian agriculture. goods. attainment of internationally accepted standards of quality To give quality consumer products at practical prices.' consumables and capital goods. thereby. To create new employment. Opportunities and encourage the employment. opportunities. competitiveness. prices. industry and services. intermediates. components.  To motivate sustained economic growth by providing access to essential raw materials.Objectives:Objectives: To accelerate the economy from low level of economic activities to high level of economic activities by making it a globally oriented vibrant economy and to derive maximum benefits from expanding global market opportunities.  .

Of 542 items from the restricted list Liberalization:150 items have been transferred to Special Import Licence (SIL) list and remaining 392 items have been transferred to Open General Licence (OGL) List. except those coming under negative list. . quantitative restrictions and other regulatory and discretionary controls. All goods. may be freely imported or exported. It has substantially eliminated licensing.A very important feature of the policy is liberalization. Imports Liberalization:.Policy were:were:Liberalization:Liberalization:.

Such credit currency. the scheme: period for export obligation has been extended from 12 months to 18 months. parts. as a specified percentage of fob value of exports. Under the zero duty EPCG scheme. payment of 1 % of the value of unfulfilled exports. exports. 20 crore to rs.the duty on scheme: imported capital goods under EPCG scheme has been reduced from 15% to 10%.under the depb scheme scheme: an exporter may apply for credit. 5 crore rs. can be can be utilized for import of raw materials. Advance licence scheme:.under advance license scheme. for agricultural and allied sectors. intermediates. purpose. rs. packaging materials. sectors. etc for export purpose. components. made in freely convertible currency. Duty entitlement pass book scheme:. the 15% 10% threshold limit has been reduced from rs.Export promotion capital goods (EPCG) scheme:. A further extension for six months can be given on months. .

Implications of Exim Policy 1997 ±2002  The Exim Policy 1997-02 proposed with an aim to prepare a 1997framework for globalizations of Indian economy. been introduced in order to give boost to India's industrial growth and generate employment opportunities in non-agricultural nonsector. economy.    . Self-reliance. products. It encourage foreign investment in India.  In the EXIM policy 1997-02. a series of reform measures have 1997-02. It encouraged Indian industries to undertake research and development programmers and upgrade the quality of their products. India. The Exim Policy 1997-2002 successfully fulfills one of the 1997India¶s long terms objective of Self-reliance. sector.

2007 . Murasoli maran. that the exim policy: 1997 . it deals with both the export and import of merchandise and services.4. Such business firms are known as service providers. Former commerce minister announced the exim policy 2002 . . components. from1. consumables and capital goods required for augmenting production and providing services.Exim Policy 2002 2007 Mr.1999. Mr. o To improve the technological strength and efficiency of Indian agriculture. intermediates. industry and services. Objectives: Objectives:o To encourage economic growth of India by providing supply of essential raw materials. providers. services. thereby improving their competitive strength o To facilitate sustained growth in exports to attain a share of atleast 1% of global merchandise trade.2002 had accorded a status of policy: exporter to the business firm exporting services with effect from1 1999. It is worth mentioning here services.

It has also been decided to standbasis. Policy are:are: Special economic zones (sezs):. SLR. .offshore banking units (sezs): shall be permitted in sezs to indian banks.o To provide consumers with good quality products and services at internationally competitive prices while at the same time creating a level playing field for the domestic producers. producers. sezs. permit external commercial borrowings for a tenure of less than three years in sezs. provided such transactions are undertaken by the units on stand-alone basis. would be permitted to undertake hedging of commodity price risks. Units in SEZ banks. It is exempted from CRR and SLR.

These units shall be entitled to the industry. Rs. . The Rs. removed. others. available. 15 crore for others. benefit of Export House status on achieving lower average export performance of Rs. b) Cottage Sector and Handicrafts: An amount of Rs. To removed. cultivated varieties of seed. In order to promote diversification of notified. except jute and onion. promote export of agro and agro based products. under Market Access Initiative (MAI) has been earmarked for promoting cottage industry.EmploymentEmployment-Oriented a) Agriculture: Export restrictions like registration and packaging Agriculture: requirement are removed. Quantitative and packaging removed. Restrictions on export of all removed. restrictions have been removed. 20 agri export zones have been notified. exports. transport subsidy shall be available.5 crore as against Rs. agriculture. units in handicraft sector shall be entitled to duty free imports of an enlarged list of items as embellishments upto 3% of FOB value of their exports. 5 crore Handicrafts: Rs.

receive priority for assistance for identified critical infrastructure gaps from the scheme on Central Assistance to States. This should help the country emerge as a major abolished. States. Licensing regime for rough diamond is being abolished. Such permitted. (DEPB) rates for all kinds of blended fabrics permitted. fabrics. 5 crore. d) Textiles: Sample fabrics permitted duty free within the 3% limit Textiles: for trimmings and embellishments. Such areas will scheme. Duty Entitlement Passbook embellishments.c) Small Scale Industry: Common service providers in these areas Industry: shall be entitled for facility of EPCG scheme. Entitlement for Export House status at Rs. blended fabrics to have the lowest rate as applicable to different constituent fabrics. Rs. e) Gem & Jewellery : Customs duty on import of rough diamonds is being reduced to 0%. international centre for diamonds . crore.

year. Exemption from compulsory negotiation of documents through banks. RBI. GrowthGrowth-Oriented Strategic Package for Status Holders:-The status holders shall Holders: be eligible for the following new/ special facilities: facilities: Licence/Certificate/Permissions and Customs clearances for both imports and exports on self-declaration basis. Projects: Projects: Free import of equipment and other goods used abroad for more than one year. InputOutput norms on priority. Fixation of Inputselfbasis. agreement). term capital requirement as per conditions notified by RBI. banks. . Priority Finance for medium and long priority.TechnologyTechnology-oriented Electronic Hardware: The electronic hardware technology park Hardware: (EHTP) scheme is being modified to enable the sector to face the zero duty regime under ita(information technology agreement).

It also helped in developing the industrial sector by importing capital and raw material goods duty free. . The cottage industry has also started to contribute to exports. It also focused on small and medium sector enterprises.Implications: This policy focused on all round development of India whather it was technology oriented or growth oriented. The contribution of agriculture and allied sector was also increased to exports with the help of certain privilleges and incentives.

EXIM POLICY(2004-2009) POLICY(2004Mr. Objectives: Objectives: To double India¶s percentage share of global merchandise trade from 0. 2004. 2009.  . Mr. To act as an effective instrument of economic growth by giving a thrust to employment generation especially in semi-urban or rural areas.7% in 2003 to 1. Union Commerce Minister announced the foreign trade policy for 5 years on 31 august 2004. Kamal Nath.5% in 2009. semiareas.

exported. Economy.Strategies to achieve these objective are:are:Unshackling of control. costs. Adopting fundamental principle that duties and levies should not be exported. Simplifying procedures and bringing down transaction costs. transparency.     .  Facilitating development of India as a global hub for manufacturing. development. Creating an atmosphere of trust and transparency.  Facilitating technological and infrastructural upgradation of all the sectors of Indian Economy. trading and services  Identifying and nuturing special focus areas to facilitate development. control.

especially in semi urban and rural areas. and their value added products has been introduced. handicraft. Scheme. handlooms.A new scheme called the Vishesh Krishi Upaj Yojana (Special Agricultural Produce Scheme) for promoting the export of fruits. . certain special focus initiatives have been identified for the agriculture. vegetables. Import of capital introduced. goods shall be permitted duty free under the EPCG Scheme. minor forest produce. gems & jewellery and leather sectors. flowers.With a view to doubling percentage Initiatives: share of global trade within 5 years and expanding employment opportunities. Agriculture: Agriculture:. sectors.Policy are:are: Special Focus Initiatives:.

Platinum shall be 2% of FOB value of exports during the previous financial year. Duty exports. threshold limit of Rs 250 crore shall be notified. entitlement of consumables for metals other than Gold.specific funds would be Handicraft: earmarked for promoting handloom and handicraft exports. Gems & Jewellery:. Duty free re-import entitlement for rejected year. New towns of export excellence with a year. free import entitlement of specified trimmings and embellishments shall be 5% of FOB value of exports during the previous financial year. Duty free import scheme.Handlooms and Handicraft:. notified.Import of gold of 18 carat and above shall Jewellery: be allowed under the replenishment scheme. rejewellery shall be 2% of the FOB value of exports .

exporters on incremental exports. 10 lakh would be elligible for Rs. 20% 25% 20%. Service export: Scheme called ³served from india´ as a brand export: instantly recognized abroad in which individual service providers earning foreign exchange of Rs. For incremental growth of over exports. earning. would be a process of continuous interaction between the Board of Trade and Government in order to achieve the desired objective of boosting India Export promotion scheme: A new scheme called ³ target plus´ scheme: has been introduced. Duty free credit would be entitled to introduced.   . 25% and 100%. 10% 10% of total foreign exchange earning. 10% and 100% 10% 15% 15% respectively. Board of Trade: The Board of Trade shall be revamped and Trade: given a clear and dynamic role in advising government on relevant issues connected with Foreign Trade Policy. the duty free credit would be 5%. There Policy. export. of fob value of incremental export.

three star export house: Rs. two star export house: Rs. four star export house: Rs. etc. 100 crore. It will be entitled to a number of privileges including fast track clearance procedure. duty. five star export house: Rs. Capital goods would be allowed at 0% duty for exports of agricultural products. house: Rs. 500 crore. Duty free import under EPGC (Export promotion Capital goods): goods): The scheme allows import of capital goods for pre production. exemption from furnishing back guarantees etc.EOUs shall be exempted from unit(EOUs): service tax in proportion to their exported goods and services. 25 crore. products. services. house: Rs.One star export house: Rs. production and post production at 5% Customs duty.   . New stautus hoder categorization:. 5000 crore house: Rs. categorization: house: Rs. 1500 crore and house: Rs. Export Oriented unit(EOUs):.

Ministry of Finance. Excise Duty Refund: Excise Duty is a tax imposed by the Refund: Central Government on goods manufactured in India. Indian claim. duty. duty is collected at source.e. Under Finance. Export goods are totally exempted from central premises. excise duty. before removal of goods from the factory premises. Excise India. Duty Drawback: The Duty Drawback Scheme is administered Drawback: by the Directorate of Drawback. setup.. i.    . Duty Drawback scheme. components. an exporter is entitled to claim. Import of second hand capital goods shall be permitted without any age restriction Bio technology park is setup. Customs Duty paid on the imported goods and Central Excise Duty paid on indigenous raw materials or components.

50 crores. ReRe-location of industries: To encourage re-location of reindustries to India. . competitiveness of our export products. products. This would enhance the cost products. plant and machineries would be permitted to be imported without a licence. where the depreciated value of such relocating plants exceeds Rs.Neutralising high fuel costs: Fuel costs to be rebated costs: by it in Standard Input Output Norms (SIONs) for all export products.

catalyst etc. must entail a minimum outlay of Rs. and fuel. the developer will be issued a letter of permission Commerce. Duty Free Import Authorisation is product.mts.mts. Norms(SION). On approval.Foreign Trade Warehousing Zones: Proposals for setting up of FTWZs may Zones: be made by public sector undertakings or public limited companies or by joint ventures in technical collaboration with experienced infrastructure developers. Foreign FTWZ. The proposals shall be considered by the Board of Approval in the Department of Commerce. 2006. Direct Investment would be permitted up to 100% in the development and 100% establishment of the zones and their infrastructural facilities. developers. sq. Duty Free Import Authorisation or 2006. DFIA: DFIA: Effective from 1st May. The proposal facilities. with a minimum built up area of five lakh sq. which are consumed or utilised in the course of etc. . DFIA in short is issued to allow duty free import of inputs which are used in the manufacture of the export product (making normal allowance for wastage). operation and maintenance of such FTWZ. development of the infrastructure facilities. issued on the basis of inputs and export items given under Standard Input and Output Norms(SION). their use to obtain the export product. energy.100 crores for the creation and Rs. for the development.

so the Government of India has given the benefit duty free import of inputs .Deemed Export is a special type of transaction in the Indian Exim policy in which the payment is received before the goods are delivered. The payment can be done in Indian Rupees or in Foreign Exchange. As the deemed export is also a source of foreign exchange.

handlooms etc. it helped in encouraging small export house. It also focussed on service industry. house. handicrafts. All goods and services were exempted from service tax.Implication of policy:policy: It is claimed that first time the nation has presented such a comprehensive policy. development.      . This policy provide benefit to some thrust areas which are agriculture. policy. exporter. tax. employment. industry. Target plus scheme act as an incentive to exporter. But in it there is not anything significant about import development. By rationalizing star export houses into five star export house. enterprises so it helped in boosting export and generating employment. which are dominated by small and medium etc.

 In an attempt to encourage small scale sector. house. sector.  All goods and services were exempted from service tax  Uneffective implementation make difficult to achieve the real objective of the policy. they are given triple weightage to include in export house or trade house.additional custom duty on import of capital goods for marine and electronic sector. policy.  No .

Ramkrishna Hedge. Rs.  Under the EPCG Scheme the threshold limit for zero duty capital goods was reduced from Rs. plastic and textile. textile. commerce minister to announce on 31ST March 1999 the exim policy for 1999-2000.EXIM POLICY 1999-2000 1999Failure to increase exports and facilitate imports as well as to keep the trade balance gap within reasonable limits during 1996199697 and 1998-99 forced Mr. Main highlights: highlights:  894 items were added to free list of imports and an additional 414 items put on special import licence route. route. Zone. implemented. former 1998Mr. All export promotion zone is converted into Free Trade Zone. 20 crore to Rs. . chemicals. 1 crore for Rs.  The concept of free trade zones without customs intervention and with ³greater operational freedom in export activity´ would be implemented. 1999-2000.

EXIM POLICY 2000-2001 2000The policy highlighted two important measures: measures: Setting up of special economic zone This unit would be able to import raw material and capital goods duty free. . items. Alligning EXIM procedures with WTO norms. India negotiated with many countries and aggreed to phase out it by 2003. trade and tarrifs and goods going to it treated as deemed export. duty. products. export. It deemed to be foreign territory for the purpose of free. India did not remove quantitative restrictions on its import fully with respect to consumer products and certain agriculture products. Policyout of 1429 items. EXIM Policy-2000 removed it on 714 items 2003. It would be able to obtain products from the domestic tariff area(DTA) without paying terminal excise duty. norms.

Imports of the second hand good. EPCG Scheme and DES eas extended to agriculture export as well. allowed. well. Agri economic zones were formed. meat and primary agriculture product were allowed. . Import restriction of the remaining 715 items were removed. items.EXIM POLICY 2001-02 2001It highlighted: highlighted: Removal of quntitative restrictions from all remainig items. Import of farm products were permitted only through state trading agencies. removed. agencies. formed.

of agriculture/dairy products and cars shall not be permitted. 1 and 2 star hotels and Stand Alone Restaurants extended the benefits of duty free imports admissible to Tourism Sector. rupee payments received for Port handling services admissible for discharge of export obligation under EPCG To boost R &D activity. per annum) nos. Import of all kinds of Capital Goods including office and professional equipment allowed under the Duty Free Entitlement scheme. However. Sector. import scheme. import of Prototypes shall be allowed to Actual Users without any limit (presently restricted to 10 nos.EXIM Policy 2003-2004 2003Poicy suggested:suggested: Promotional measures To promote export related infrastructure. Duty Free Entitlement Certificate scheme liberalized . Boost to Tourism Heritage Hotels. permitted.

Duty Exemption Scheme To offset the high power costs faced by the manufacturing industry. allowed. with Ministry of Finance. duty free Fuel shall be allowed. RBI. exporters. Gold Card Scheme for credit worthy exporters with good track record for easy availability of export credit on best terms being worked out by RBI. Finance. . National Export Insurance Account being created for ECGC to underwrite high value projects implemented by Indian Companies abroad. Details will be worked out in consultation abroad. Project Exports Equity base of ECGC being raised from Rs 500 crores to Rs 800 crores for a better risk management of Indian exporters.

Deemed Exports Deemed export facility extended for items having Zero% basic Zero% Customs duty. duty. periods. . facilities. items. BIS Mandatory Quality Certification scheme on imports amended for importers having captive consumption and in-house intesting facilities. Removal of Quantitative Restrictions Imports allowed freely for Gold and Silver Technical Regulations on Imports Technical regulations applicable on imports for export production rationalised for food & textile items. Deemed export facility extended to Fertiliser & Refinery projects spilled over from 8th and 9th Plan periods.

EXIM POLICY 2005-06 2005The main focus of this policy is not only to increase export earning but the creation of more job also. diary. also. For jems and jewellery sector. duty free imports of samples upto Rs. The main area for boosting export and job creation are: are: agriculture. polutory. A package of incentives and strategy has been put. Rs. allowed. . 3 lakh are allowed. put. marine etc. etc.

vishesh krishi and gram udyog yojana scheme expanded further to include forest based and agricultural products. pack houses. is being launched. proposed to be rewarded. sector. Exports of specified high tech products are launched. .For agro etc. rewarded.EXIM POLICY 2007-2008 2007It highlighted: highlighted: Encouragement to agro exports and employment generation in the agriculture sector. products. In line with the government objective of having all inclusive growth. etc. A new scheme to give impetus to exports of high tech products. sector. launched. is being launched. reefer vans/containers. New initiative for infrastructure development namely cold storage units..

This should bring cheers to the exporters. products. plants.Long standing major grievance of trade is being addressed by providing service tax exemption/remission on services rendered in India and utilised by exporters. For effectively ensuring all inclusive growth for farmers and tribals. tax. Exports and employment in handloom and handicraft sectors provided further push through duty free access to machinery and equipment for effluent treatment plants. fraternity. . services rendered abroad and charged on exports from India to be exempted from service tax. exporting fraternity. focus products scheme expanded further to include new agro and forest products. In line with the government approach to address genuine grievances.

To sharpen core strength of promising gems and jewellery sectors and handicraft sector. Rationalisation in the threshold reclassification of status holder scheme. Export of rhodium polished silver jewellery to be encouraged further. further. edge. duty free access to tools. scheme. machinery and equipment proposed to be provided to give them competitive edge. criteria and .

Macedonia. services.EXIM POLICY 2008-2009 2008Policy highlighted:highlighted:  DEPB scheme has been extended till May 2009.   Refund of service tax on almost all the services. Colombia.   . Djibouti. Sudan. Ghana and Colombia. SplitSplit-up facility under DFIA Scheme introduced. 2009. Croatia. These are Mongolia. introduced. included. Government. BosniaAlbania. Income tax benefit to 100% EOUs has been extended by 100% Government. Honduras. Coverage of FMS has been increased and additional 10 countries have been included. Bosnia-Herzegovina.

through Foreign Post Office is raised to US$ 75. instead of the present system of paying duty on consignment basis.000. to Rs. Value of jeweler parcels. US$ 50. basis. Duty free import of samples has been increased from Rs.75 000 Rs. Earlier it was from US$ 50.     .000. 1.000. EOUs shall be allowed to pay excise duty on monthly basis.000. Rs. 00. Sector. Customs duty payable under EPCG Scheme has been reduced from 5% to 3%. 00.000.000. US$ 75. Setting up a new Export Promotion Council for Telecom Sector.

. from 1. procedure and monitoring provisions for implementation of these additional agencies would be notified separately in line with RBI guidelines. Scheme. Textile etc.The metals. 09.4 of Foreign Trade Policy for the purpose of import of precious metals. guidelines. Diamond India Limited.4. STCL Limited. MSTC Limited. Gem & Jewellery Export Promotion Council and Star Trading Houses (for gem and jewellery sector) have been added under the list of nominated agencies notified under Para 4A.09. for exports made with effect etc.EXIM POLICY 2009-2010 2009IT HIGHLIGHT Rupees 325 Crores would be provided under Promotional Schemes for Leather. Technical textiles and stapling machine have been added under Focus Product Scheme.

is now extended for payment of duty for import of restricted items also.Export obligation period against advance authorizations has been extended upto 36 months in view of the present global economic slowdown. for exports 2009-10. products. Value cap applicable under DEPB have been revised upwards for products. The utilization category. during 2008-09. This proportionately. slowdown. 2008-09. . DEPB/Duty Credit Scrip can be used for payment of duty only on items which are under free category. provision has been extended for the year 2009-10. in case of decline in exports of a product(s) by more than 5%. Under EPCG scheme. the export obligation for all exporters of that product(s) is to be reduced proportionately. also. At present.

crores. . respectively. Srinagar. Rs.In view of the prevailing global slowdown. for textiles and diamonds respectively. the threshold limit for recognition as Premier Trading House has now been reduced to Rs. Export of blood samples is now permitted without license after obtaining µno objection certificate¶ from Director General of Health Services (DGHS). Independent office of DGFT being opened at Srinagar. (DGHS). Bhilwara in Rajasthan and Surat in Gujarat have been recognized as Towns of Export Excellence.7500 crores.

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