CHANGE IN EXPORT IMPORT POLICY

Presented By: Manandeep Singh Rana Rajwanti Negi

EXIM POLICY
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.

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

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

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

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

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

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. However. . 1992. 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. the Export Import Policy was made for the duration of 5 years.

.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.

.EXIM POLICY(1997 -2002) 2002) With time the Exim Policy 1992-1997 became old. Hence. and a 1992New Export Import Policy was need for the smooth functioning of the Indian export import trade. trade. the Government of trade. 1997-2002. Import has been further liberalized and better efforts have been made to promote Indian exports in international trade. India introduced a new Exim Policy for the year 1997-2002. 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 .

To create new employment.  To motivate sustained economic growth by providing access to essential raw materials. competitiveness. opportunities. To improve the technological strength and efficiency of Indian agriculture.   . industry and services. intermediates.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. attainment of internationally accepted standards of quality To give quality consumer products at practical prices. components. Opportunities and encourage the employment. thereby. prices. goods.  .' consumables and capital goods. improving their competitiveness.

quantitative restrictions and other regulatory and discretionary controls. .Policy were:were:Liberalization:Liberalization:. except those coming under negative list. Imports Liberalization:.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. may be freely imported or exported. All goods.A very important feature of the policy is liberalization. It has substantially eliminated licensing.

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

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

Objectives: Objectives:o To encourage economic growth of India by providing supply of essential raw materials. industry and services. It is worth mentioning here services. Such business firms are known as service providers.4.1999. o To improve the technological strength and efficiency of Indian agriculture. Former commerce minister announced the exim policy 2002 . from1. services. intermediates.2007 . consumables and capital goods required for augmenting production and providing services.Exim Policy 2002 2007 Mr. that the exim policy: 1997 .2002 had accorded a status of policy: exporter to the business firm exporting services with effect from1 1999. thereby improving their competitive strength o To facilitate sustained growth in exports to attain a share of atleast 1% of global merchandise trade. components. Mr. Murasoli maran. . it deals with both the export and import of merchandise and services. providers.

provided such transactions are undertaken by the units on stand-alone basis. producers. . It is exempted from CRR and SLR. Policy are:are: Special economic zones (sezs):. It has also been decided to standbasis. permit external commercial borrowings for a tenure of less than three years in sezs. Units in SEZ 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.offshore banking units (sezs): shall be permitted in sezs to indian banks. would be permitted to undertake hedging of commodity price risks. SLR. sezs.

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

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

InputOutput norms on priority. agreement). Fixation of Inputselfbasis. banks. Exemption from compulsory negotiation of documents through banks. RBI. term capital requirement as per conditions notified by RBI. year. 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). 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.

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

Union Commerce Minister announced the foreign trade policy for 5 years on 31 august 2004. 2004. Mr. semiareas. Kamal Nath. To act as an effective instrument of economic growth by giving a thrust to employment generation especially in semi-urban or rural areas.  . Objectives: Objectives: To double India¶s percentage share of global merchandise trade from 0.7% in 2003 to 1. 2009.5% in 2009.EXIM POLICY(2004-2009) POLICY(2004Mr.

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

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

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

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. 10% and 100% 10% 15% 15% respectively. of fob value of incremental export.   . export. 20% 25% 20%. 10 lakh would be elligible for Rs. Service export: Scheme called ³served from india´ as a brand export: instantly recognized abroad in which individual service providers earning foreign exchange of Rs. 10% 10% of total foreign exchange earning. the duty free credit would be 5%. earning. 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. For incremental growth of over exports. There Policy. 25% and 100%. exporters on incremental exports.

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

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

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

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. issued on the basis of inputs and export items given under Standard Input and Output Norms(SION). DFIA: DFIA: Effective from 1st May. 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). sq. 2006. catalyst etc. energy. for the development. On approval. Duty Free Import Authorisation or 2006. The proposal facilities.mts.mts.100 crores for the creation and Rs. Duty Free Import Authorisation is product. and fuel. Norms(SION). with a minimum built up area of five lakh sq. developers. which are consumed or utilised in the course of etc. The proposals shall be considered by the Board of Approval in the Department of Commerce. the developer will be issued a letter of permission Commerce. Direct Investment would be permitted up to 100% in the development and 100% establishment of the zones and their infrastructural facilities. must entail a minimum outlay of Rs. their use to obtain the export product. operation and maintenance of such FTWZ. . Foreign FTWZ. development of the infrastructure facilities.

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

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

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

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

duty. export. products. It deemed to be foreign territory for the purpose of free. India negotiated with many countries and aggreed to phase out it by 2003. India did not remove quantitative restrictions on its import fully with respect to consumer products and certain agriculture products. . trade and tarrifs and goods going to it treated as deemed export. Alligning EXIM procedures with WTO norms. items. It would be able to obtain products from the domestic tariff area(DTA) without paying terminal excise duty. EXIM Policy-2000 removed it on 714 items 2003. Policyout of 1429 items. norms.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.

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

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

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

periods. items. 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. duty. BIS Mandatory Quality Certification scheme on imports amended for importers having captive consumption and in-house intesting facilities. . Deemed export facility extended to Fertiliser & Refinery projects spilled over from 8th and 9th Plan periods. facilities.Deemed Exports Deemed export facility extended for items having Zero% basic Zero% Customs duty.

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

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

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

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

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

000. Customs duty payable under EPCG Scheme has been reduced from 5% to 3%. 00. basis.000.000. Earlier it was from US$ 50. Value of jeweler parcels. instead of the present system of paying duty on consignment basis.000.75 000 Rs. Sector. US$ 50. 1. US$ 75.     . Setting up a new Export Promotion Council for Telecom Sector. through Foreign Post Office is raised to US$ 75. EOUs shall be allowed to pay excise duty on monthly basis. Rs. Duty free import of samples has been increased from Rs. 00. to Rs.000.000.

09. Diamond India Limited. from 1. Textile etc. 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. Technical textiles and stapling machine have been added under Focus Product Scheme. . MSTC Limited. 09.4 of Foreign Trade Policy for the purpose of import of precious metals. guidelines.The metals. procedure and monitoring provisions for implementation of these additional agencies would be notified separately in line with RBI guidelines.4.EXIM POLICY 2009-2010 2009IT HIGHLIGHT Rupees 325 Crores would be provided under Promotional Schemes for Leather. for exports made with effect etc. STCL Limited. Scheme.

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

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

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