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Exim policy

Exim Policyor Foreign Trade Policyis a set ofguidelines and instructions established by theDGFTin

matters related to the import and export of goods in

India.

Regulated by the foreign trade development andregulatory Act 1992.

Exim policy contain various policy decisions with

respect to import and exports from the country

Exim policy is prepared and announced by thecentral govt.

Exim policy of India aims to developing export

potential, improving export performance

encouraging foreign trade and creating favourablebalance of a ment osition

http://www.eximguru.com/exim/dgft/exim-policy/default.aspxhttp://www.eximguru.com/exim/dgft/exim-policy/default.aspxhttp://www.eximguru.com/exim/dgft/default.aspxhttp://www.eximguru.com/exim/dgft/default.aspxhttp://www.eximguru.com/exim/dgft/default.aspxhttp://www.eximguru.com/exim/dgft/exim-policy/default.aspxhttp://www.eximguru.com/exim/dgft/exim-policy/default.aspx

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GENERAL OBJECTIVE OF EXIM

POLICYTo establish the framework for globlizationTo promote the productivity competitiveness of

Indian Industry

To Encourage the attainment of high andinternationally accepted standards of quality

To augment export by facilitating access to raw

material,intermediate component, consumables

and capital goods from the international market

To promote internationally competitive import

substitution and self reliance

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EXIM POLICY OF INDIA 2004-09

Hon. Kamal Nath minister for commerceand Industry has announced on 31stAug2004,Indias exim policy

The duration of the policy from 1stsept.

2004 to 31stmarch 2009.

It takes an integrated view of the overalldevelopment of India's foreign trade

Aim of the policy is to double the globalmerchandise trade within the policy timeperiod of 5 year

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OBJECTIVE OF EXIM POLICY 2004-09

To double percentage of share of global merchandise trade within the five

year .

To act as an effective instrument of economic growth by giving a trust to

employment generation

Facilitating development of India as a global hub for manufacturing , trading

and services

Facilitating technological and infrastructural up gradation of the Indian

Economy especially through import of capital goods and equipment

Upgrading infrastructure network related to entire foreign trade chain to

international standards

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HIGHLIBGHT OF THE NEW

FOREIGN TRADE POLICY 04-09

Special Focus Initiative - Agriculture: Semi urban andrural area

Agriculture: Vises Krishi Yojana and agri export zones

Handlooms and Handicrafts: Mark under Market

access Initiatives scheme and proposed to start newSEZ.

Gems and Jewellery:Import of Gold of 18 carat andabove has been permitted under the replenishment

scheme Leather and Footwear: duty free import entitlement of

specified item shall be 5% of FOB value of exportsduring the preceding year

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.

BOARD OF TRADE: The role is to Advise

government on relevant issue connectedwith for Foreign Trade Policy

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Imp lication o f the Foreign Trade 04-09

Implication on Indian Economy :

- This policy purpose to simplify procedures and developtechnology and infrastructure

Implication on Agriculture :

1. Special Agriculture produce scheme has been introduce

for promoting the export of fruit vegetable , flowers, andtheir value added products.

2. Fixed quota

3. Transport assistance

Implication on Handloom and Handicraft :- Establishment of Handicraft SEZ and Handicraft. Exportpromotion council would promote development ofhandloom and handicraft industry

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Implication on Gem and Jewellery Sector:

-This is special thrust area in this policy- Duty free imports of other inputs would

give a further boost to this sector

Implications on Leather and Footwear Industry- Dutyfree imports as a specified percentage

of exports .

- Exemption on duty on equipment of effluent

treatment plants would be help promoting export

form this sector

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Annual Supp lement to Foreign Trade

po licy 2004-09

Minister For Commerce and Industry ,

Government of India has announced

Annual supplement 2005 , to the foreign

Trade policy 2004-09 on the 8thApril 2005.

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High l igh t of the Supplement

Inter State Trade Council: To engage the stategovernment in providing an enabling environment forboosting international trade , by setting up an inter statetrade council

Removal of Export Cess : proposed to abolish cess onexport of all agricultural and plantation commoditieslevied under various commodities levied under variouscommodity board act

Export promotion capital goods scheme (EPCG) :This scheme is extended to agricultural sector, retail

sectors in order to promote exports from them Service sector: To upgrade infrastructure in the service

related companies

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Agr i Expo r ts:Benefits under Vishesh Krishi

Upaj Yojana addition to export of poultry and

dairy products in addition to export of flowers ,

fruit vegetables and their value added products

Package for Marine Sectior : Duty free import of

specified specialized chemicals and flavoring oils

as per a defined list shall be allowed to the extentof 1 % of FOB value of preceding financial years

exports

Advance licensing scheme:The scope of

Advance for annual requirement has beenextended to all categories of exporters having

past export performance.

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Canalized Item: can be exported withoutwithout an export license through designated state

Trading enterprise

Items canalizing agencyOnion (except Bangalore rose onion

krishnapuram onion)

Exports permitted through specified

STEs

Niger seeds: Tribal cooperative marketing

federation of India (TRIFED) new

Delhi

National agri. Cooperative marketing

of India (NACEI)

Gum Metals minerals tradingcorporation

Tribal cooperative mkting federationof india (TRIFED),New delhi

Iron ore , manganese ore and crome

ore.

Metals and Minerals Trading

corporation (MMTC)

CRUDE OIL Indian Oil Corporation ltd

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Freely Exported Item :can be exported without an export

license frm DGFT .however export of such item is subject

to certain procedure or coondition

Item Descript ion procedure or condi t ion

Miliary Stores as notified

by DGFT

No objection certificate frm

the Department of Deface

production and suppliesExotic Birds, such as

Bengali finches and zebra

Subject to pre-shipment

inspection

Bones and bone product Subject to a certificate frm

chemical and allied productsExport promotion

council(CAPEXIL)

Basmati Rice Subject to registration of

contracts with Agricultureand processed food pdts

Export Development

authority