exim policy ii unit

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Department of Commerce

At the central level, the Ministry of Commerce and Industry is the most important organconcerned with the promotion and regulation of the foreign trade in India. The Ministry has anelaborate organizational set up to look after the various aspects of trade. Within the Ministry,the

Department of Commerce is responsible for formulating and implementing the foreign tradepolicy. The Department is also entrusted with responsibilities relating to multilateral and bilateral

commercial relations, state trading, export promotion measures and development and regulation of certain export oriented industries and commodities.The matters relating to foreign trade are dealt

with by the following divisions of the Department :-

1. Administrative and General Division

2. Finance Division3. Economic Division4. Trade Policy Division5. Foreign Trade Territorial Division

6. Export Products Division7. Export Industries Division8. Export Services Division9. Supply Division

The Department's jurisdiction extends over:-

(a) Two Attached Offices:-

Directorate General of Foreign Trade (DGFT):- with its headquarters at New Delhi, is

headed by the Director General of Foreign Trade. It is responsible for implementing theForeign Trade Policy/Exim Policy with the main objective of promoting Indian exports.

The DGFT also issues licences to exporters and monitors their corresponding obligationsthrough a network of regional offices. The regional offices are located at 33 places.

Directorate General of Supplies and Disposal (DGS&D):- with its headquarters at New

Delhi, is headed by the Director General. It functions as the executive arm of the SupplyDivision of the Department of Commerce for conclusion of Rate Contracts for commonuser items, procurement of stores, inspection of stores, shipment and clearance of importedstores/cargo. It has three Regional Offices located at Chennai, Mumbai and Kolkata.

(b) Five Subordinate Offices:-

Directorate General of Commercial Intelligence and Statistics (DGCI&S):- with its

office located at Kolkata, is headed by the Director General. It is entrusted with the work of collecting, compiling and publishing/ disseminating trade statistics and various types of commercial information required by the policy makers, researchers, importers, exporters,

traders as well as overseas buyers.

Office of Development Commissioner of Special Economic Zones:- The Special Economic

Zones (SEZs) are geographically exclusive enclaves separated from domestic tariff areas.The main objective of SEZs is to provide certain common facilities and a duty free

environment for exporters. Each Zone is headed by a Development Commissioner and isadministered as per the SEZ scheme announced on 31st March, 2000.

Office of the Custodian of Enemy Property (CEP):- is located in Mumbai with a Branch

office at Kolkata. The office is functioning under the Enemy Property Act,1968. All

immovable (like land, buildings, etc.) and movable properties (like securities, shares,debentures, bank balances, viz. fixed deposits and other amounts lying in the enemynationals' bank accounts, Provident fund balances etc.) all over India belonging to or heldby or managed on behalf of Pakistani nationals between the period 10.9.1965 and

26.9.1977 are vested in the Custodian of Enemy Property for India.

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Pay and Accounts Office (Supply):- The payment and accounting functions of Supply

Division, including those of DGS&D, are performed by the Chief Controller of Accounts(CCA) under the Departmentalized Accounting System. Payment to suppliers across the

country is made through this organisation.

Pay and Accounts Office (Commerce & Textiles):- The Pay and Accounts Office,

common to both the Department of Commerce and the Ministry of Textiles, is responsible

for the payment of claims, accounting of transactions and other related matters through thefour Departmental Pay & Accounts Offices in Delhi, two in Mumbai, two in Kolkata and one

in Chennai.

(c) Ten Autonomous Bodies:-

Coffee Board :- The Coffee Board of India is an autonomous body, functioning under the

Ministry of Commerce and Industry, Government of India. The Board serves as a guide of the coffee industry in India. The Board focuses on research, development, extension,

quality upgradation, market information, and the domestic and external promotion of Indian coffee.

Rubber Board :- The board is engaged in the development of the rubber industry. This is

done by assisting and encouraging scientific ,technical and economic research; supplyingtechnical advice to rubber growers; and training growers in improved methods of plantationand cultivation.

Tea Board :- The primary functions of tea board include rendering financial and technical

assistance for cultivation,manufacture,marketing of tea; promoting tea exports ;aiding

research and developmental activities for augmentation of tea production and improvementof tea quality as well as encouraging and assisting small growers sector financially andtechnically.

Tobacco Board:- The Government of India established the Tobacco Board, in place of

Tobacco Export Promotion Council, under the Tobacco Board Act of 1975 to regulate

production, promotion of overseas marketing and to control recurring instances of imbalances in supply and demand, which lead to market problems,The Tobacco Board Act

aims at the planned development of Tobacco Industry in the country. The activities of theBoard includes the regulation of the production and curing of Virginia Tobacco with regard

to the demand in India and abroad.

Spices Board :- Spices Board was constituted on 26th February 1986 under the Spices

Board Act 1986. It is one of the Commodity Boards functioning under the Ministry of

Commerce & Industry. It is an autonomous body responsible for the export promotion of the scheduled spices and production or development of some of them such as Cardamomand Vanilla.

Export Inspection Council (EIC), New Delhi :- The Export Inspection Council is

responsible for the enforcement of quality control and compulsory preshipment inspection

of various commodities meant for export and notified under the Export (Quality Control& Inspection) Act, 1963.

Indian Institute of Foreign Trade (IIFT), NewDelhi :- is engaged in the following

activities:-

• Training of Personnel in modern techniques of international trade;

• Organisation of Research in problems of foreign trade;

• Organisation of marketing research, area surveys, commodity surveys, market

surveys;

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• Dissemination of information arising from its activities relating to research and

market studies.

Indian Institute of Packaging (IIP), Mumbai :- is registered under the Societies

Registration Act.The main aim of this Institute is to undertake research of raw materials forthe packaging industry, to organise training programmes on packaging technology and tostimulate consciousness of the need for good packaging etc.

Marine Products Exports Development Authority (MPEDA), Kochi :- functions under

the Ministry of Commerce, Government of India and acts as a coordinating agency with

different Central and State Government establishments engaged in fishery production andallied activities. The Authority is responsible for development of the marine productsindustry with special focus on marine exports. The role envisaged for the MPEDA iscomprehensive covering fisheries of all kinds, increasing exports, specifying standards,

processing, marketing, extension and training in various aspects of the marine industry.

Agricultural and Processed Food Products Export Development Authority (APEDA),

New Delhi :- came into existence in 1986 to further develop agricultural commodities and

processed foods, and to promote their exports.The aim is to maximize foreign exchangeearnings through increased agro exports, to provide better income to the farmers throughhigher unit value realization and to create employment opportunities in rural areas byencouraging value added exports of farm produce.

(d) Export Promotion Councils (EPCs):-

Presently there are twelve EPCs under the administrative control of the Ministry of Commerce.These

councils are registered as non-profit organisations under the Companies Act.The Councils performboth the advisory and executive functions.These councils are also the registering authorities under

the Import Policy for Registered Exporters.

(e) Other Organisations:-

Federation of Indian Export Organisations (FIEO):- is an apex body of various export

promotion organizations and institutions with its major regional offices at Delhi, Mumbai,Chennai and Kolkata. It provides the content, direction and thrust to India's global exporteffort.

Indian Council of Arbitration (ICA), New Delhi :- set up under the Societies

Registration Act promotes arbitration as a means of settling commercial disputes and

popularizes the concepts of arbitration among the traders, particularly those engaged ininternational trade.

Indian Diamond Institute (IDI), Surat :- With the objective of enhancing the quality,

design and global competitiveness of the Indian Jewellery, the Indian Diamond Institute(IDI) was established as a pivotal institute for imparting technical skills to the Gems and

Jewellery industry in the areas of Gemology and Jewellery manufacture.

(f) Advisory Bodies

Board of Trade (BOT):- was set up on May 5, 1989 with a view to providing an effective

mechanism to maintain continuous dialogue with trade and industry in respect of majordevelopments in the field of International Trade.

Export Promotion Board (EPB):- provide policy and infrastructural support through

greater coordination amongst concerned Ministries for boosting the growth of exports.

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Directorate General of Anti-Dumping & Allied Duties (DGAD):- The Directorate is

responsible for carrying out investigations and to recommend, where required, underCustoms Tariff Act, the amount of anti-dumping duty/countervailing duty on the identified

articles which would be adequate to remove injury to the domestic industry.

(g) Public Sector Undertakings:-

The following trading/service corporations are functioning under the administrative control of theDepartment of Commerce:-

State Trading Corporation (STC) of India Ltd.

MMTC (Minerals and Metals Trading Corporation of India) Limited,

PEC Ltd,

Export Credit Guarantee Corporation (ECGC) of India Ltd.

India Trade Promotion Organisation (ITPO)

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BOARD OF TRADE-

The Board of Trade on May 5, 1989 Department of Commerce with a view

to provide an effective mechanism to maintain continuous dialogue withTrade and Industry in respect of major development in the field of International Trade. The Board of Trade has been reconstituted on05.02.1999.

MEMBERS-

The board has 28 non official and 10 official members, apart from the president of the 3 apex chambers (FICCI, CII, and ASSOCHAM). TheCommerce and Industry Minister is Chairman of the Board of Trade. The

official membership includes Secretaries of the Ministries of Commerce andIndustry, Finance (Revenue), External Affairs(ER), Textile; Chairman of ITPO, Chairman/MD of ECGC, MD, Exim Banks and Deputy Governor of Reserve Bank of India. The non official members are President of FICCI;ASSOCHAM, CII, FIEO, All India Handloom Farmers Marketing Co-operative Society, representatives of various Trade and Industry sectors,media and other eminent personalities in the field of Export and ImportTrade.

The broad Terms of reference of the Board of Trade are as follows:

• To advise the Government on policy measures for preparation andimplementation of both short and long term plans for increasingexports in the light of emerging national and international economicscenario.

• To review export performance of various sectors, identify constraintsand suggest measures to be taken both by Government and industry/trade consistent with the need to maximize export earnings and restrictimports.

• To examine the existing institutional framework for exports andsuggest practical measures for re-organization/ streamlining it with aview to ensure co-ordinate and timely decision making.

• To review the policy instrument, package of incentives and procedures for exports and suggest steps to rationalize and channelincentives to areas where they are most needed.

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• To examine issues which are considered relevant for promotion of INDIA’S foreign trade.

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EXPORT PROMOTION COUNCILS

Epc's Were First Referred In Export-Import Policy 1997-2002. Epc's Are Non ProfitOrganisations Registered Under The "Indian Companies Act Or The SocietiesRegistration Act" As The Case May Be

.Objectives 1 The Basic Objectives Of Epc's Is To Promote And Develop The "Exports" Of TheCountry. 2 Each Council Is Responsible For Promotion Of A Particular Group Of Products,Projects And Services

3 The List Of Epc's And Specified Agencies / Boards, Which Shall Be Regarded AsEpc's Are Contained In:Appendix-31 Of Handbook Of Procedure (Volume-1)

Role 1 The Main Role Of Epc's Is To Project India's Image Abroad As A Reliable Supplier Of High Quality Goods And Services. 2 Epc's Should Encourage And Monitor The Observance Of International Standards AndSpecifications. 3 Epc's Should Be Aware Of Trends And Opportunities In The Market For Goods AndServices And Assist Their Members In Taking Advantage Of Such Opportunities Inorder

To Expand And Diversify Exports.

Functions

1 To Provide Commercially Useful Information And Assistance To Its Members InDeveloping And Increasing Exports. 2 To Offer Professional Advise To Their Members In Areas Such As TechnologyUpgradation ,Quality And Design, Improvement Standards And Specifications, ProductDevelopment And Innovation Etc. 3 To Organise Visits Of Delegations Of Its Members Abroad To Explore OverseasMarket Opportunities.4 To Organise Participation In Trade Fairs,Exhibitions And Buyer- Seller Meets In IndiaAnd Abroad. 5 To Promote Interaction Between The Exporting Community And The GovernmentBoth At The State And Central Levels.

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6 To Build Statistical Base And Provide Data On Exports And Imports Of Country AndExports And Imports Of Their Members As Well As Other Relevant International TradeData. Various Export Promotion Councils

Apeda- Agriculture And Allied Processed Food Products Export Development Authority.

To Promote Exports Of Agricultural And Allied Industries The "Apeda"Was EstablishedBy The Government Of India Under "Apeda Act Passed By Parliament In December 1985. The Act (2 Of 1986) Came Into Effect From 13 February,1986 By A Notification IssuedIn The Gazette Of India. One Of The Main Objective Of Apeda Is "Promotion Of Export Oriented Production And

Development Of Scheduled Products." Products Monitered In Apeda 1 Fruits, Vegetables And Their Product. 2 Meat And Meat Products.

3 Dairy And Dairy Products. 4 Confectionary And Bakery Products.

5 Honey. 6 Alcoholic And Non Alcoholic Beverages. 7 Cereal And Cereal Products. 8 Groundnuts. 9 Floriculture And Floriculture Products. Cereals - Rice (Basmati)

India Is The Largest Cultivator And Exporter Of Basmati Rice In The World.Basmati IsA Variety Of Long Grain Rice.For Promoting Exports Of Basmati Rice Apeda Established "Bedf – Basmati ExportDevelopment Foundation"

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Bedf Was Conceptualized And Created With The Initiative And Efforts Of Apeda AndBasmati Export Trade In The Year 2002-03, As A Registered Society With TheObjective To Promote And Protect Authentic Basmati Rice. Apeda Has Marked Its Presence In Almost All Agro Potential States Of India And Has

Been Providing Services To Agri-Export Community Through Its Head- Office, FiveRegional Offices And 13 Virtual Offices. Head-Office - New Delhi

Regional Offices – Mumbai, Kolkata, Bangalore, Hyderabad And Guwahati.

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ECGC (EXPORT CREDIT GURANTEE CORPORATION OF INDIA)

Export Credit Guarantee Corporation of India Ltd was build to support the promotion of the exports of an organization. It covers the risk of export oncredit. ECGC was established in 1957.

Export Credit Guarantee Corporation is an export promotion company thatworks under the command of the Department of Commerce, Ministry of Commerce& Industry and Government of India. This organization is under themanagement of Board of Directors. The board consists of representatives of the Reserve Bank of India, Government, insurance, banking and exportingcommunity.

In terms of coverage of national exports, Export Credit GuaranteeCorporation is the fifth leading credit insurer across the globe. ECGCoffers covers of credit risk insurance to the exporters. It also providesassurance to the financial institutions for the benefit of the exporters.For investing in the joint ventures abroad it offers Overseas InvestmentInsurance to the companies of India. The investment is done in the form of loan or equity.

The services provided by ECGC under its export maturity factoring scheme are100 per cent credit guarantee protection against bad debts, sales register maintenance in respect of factored transactions, and regular monitoring of

outstanding credits, facilitating due collection in the due date of recovery, at its own cost, of all recoverable bad debts.

Payments would be received by the exporter, in his account, through normal banking channels. In the event of non-realization of dues on factored exportreceivables, ECGC will promptly make the payment in Indian currency of anequivalent amount, immediately upon the crystallization of dues by the bank (exchange rate applicable, as on the date of crystallization).

The Corporation would facilitate easier availability of bank finance to itsfactoring clients by rendering such advances to be an attractive proposition

to banks. The factoring agreement that would be concluded by ECGC with itsclients has an in-built provision incorporating an on-demand guarantee infavor of the bank without any payment or compliance or other requirements to be satisfied by the bank.

Export Credit Guarantee Corporation of India Ltd helps the exporters in

various ways. Some of them include:

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• Offering insurance protection to exporters against paymentrisks

• Making it easy to obtain export finance from banks/financialinstitutions

• Providing information on credit-worthiness of overseas buyers

• Assisting exporters in recovering bad debts• Making information available on different countries with its

own credit ratings

• Option to give easier credit terms to customers – better protection than an ILC, without the need to insist on establishing one.

• Reduced foreign bank handling charges on documents.

• Follow up (telephones, faxes, follow-up visits) of receivables, overdue bank interest on delayed collections and recoveryexpenses relating to bad debts.

• Increase in export sales, thanks to more competitive termsoffered to customers.

• Better security than letters of credit.

• Elimination of uncertainties relating to realization of accounts receivables resulting in better cash management to meet workingcapital requirements.

• Full attention to procurement/production, marketing and salesand growth of business, due to freedom from chasing receivables.

For banks, it would be a win-win situation all the way. Advances givenagainst ECGC-factored export receivables could become the most preferred

export advance portfolio for a bank, even better than the advances grantedunder an ILC. There is 100 per cent credit protection, free of cost.

BENEFITS TO BANKS-

• Prompt and immediate payment by ECGC of the full amountoutstanding on the receivables to the bank, within three days of crystallization of the dues, in the event of non-realization of factoredreceivables on the due date, without any protracted processing or scrutiny

and without raising any queries.• Savings on post-shipment guarantee premium to be paid to

ECGC, if any.

• No pre-disbursal risk assessment or post-disbursal monitoringrequired of the bank. Full risk is on ECGC, with regard to repayment of theamount due (in rupees).

• Opportunity to build 'zero-risk assets', since the bank wouldnot run any risk on the borrower, the country or on the buyer.

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• Banks could earn interest on a priority sector lending,without any of the attendant risks or hassles.

• Opportunity to satisfy additional working capital needs of the customer by sanctioning additional limits without enlarging the exposurerisks.

Banks would be furnished with a certified copy of the factoring agreementconcluded between the client and ECGC. When a limit is established by ECGC on anoverseas customer in favor of an exporter-client, the Corporation would directlycommunicate to the concerned bank branch all relevant details of the limit available tothe exporter on that specified overseas customer, and would confirm in writing itsobligations to the bank in respect of advances it may grant against such ECGC-factoredexport receivables.

The bank's role lies in encouraging exporter-customers to explore the possibility of availing of the factoring facility from ECGC. Factoring, being a high-risk premium

product, could be made available only in respect of receivables due from selectcustomers.

Export Credit Guarantee Corporation of India Ltd offers various services and products tothe people. There are several credit insurance policies, guarantees to banks and specialschemes as well. Standard policies, small exporters’ policy, buyer exposure policy,software project policy, IT- enabled services, construction work policy and service policy are some of the credit insurance policies offered.

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(INDIAN TRADE PROMOTION ORGANISATION):-

ITPO was set up in the year in 1992 on 1 st Jan. Its head quarter in NEW DELHI and fiveregional offices at MUMBAI, BANGALORE, KOLKATA and CHENNAI.

Its overseas offices are in GERMANY, JAPAN, UAE and USA.

India Trade Promotion Organization (ITPO) is the nodal agency of the Government of India for promoting the country's external trade. ITPO, during its existence of nearlythree decades, in the form of Trade Fair Authority of India and Trade DevelopmentAuthority, has played a proactive role in catalyzing trade, investment and technologytransfer processes. ITPO provides a wide spectrum of services to trade and industry andacts as a catalyst for growth of India's trade.

ITPO has an extensive infrastructure as well as marketing and information facilities that

are availed both by exporters and importers. ITPO's overseas offices assist buyers seekinginformation relating to sourcing products from India.

Overseas offices at New York, Frankfurt, Tokyo, Moscow and Sao Paulo are pursuingopportunities for enhancement of India's trade and investment.

Similarly, India Trade Promotion Organization’s Regional Offices at Bangalore,Chennai, Kolkata and Mumbai, through their respective profile of activities, ensure awell-attenuated trade promotion drive throughout the country.

Significantly, ITPO has successfully completed the first phase of setting up of a modern

exhibition facility outside Delhi following the commissioning of the state-of-the-artChennai Trade Centre on January 31, 2001.

Managed by Tamil Nadu Trade Promotion Organisation (TNTPO), a subsidiary of ITPO jointly set up with the Tamil Nadu Industrial Development Corporation (TIDCO), theCTC addresses a long-felt need for a permanent and modern exhibition venue in the Statewhich has emerged as a hub of trade-related activities.

Fittingly, the Centre opened its innings with the India International Leather Fair, one of the most prestigious events in ITPO's annual calendar and probably the biggest show of its kind in the Continent.

A similar joint initiative of ITPO and the Karnataka State Industrial Area DevelopmentBoard is expected to fructify as a regional exhibition complex at Whitefield, Bangalore by the middle of 2002.

The main activities and services of ITPO:-

The main activities of ITPO are-

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• Facilitating the use of Pragati Maidan for holding of trade fairs andexhibitions by other fair

organizers both from India and abroad.

• Timely and efficient services to overseas buyers.

Establishing durable contacts between Indian suppliers and overseas buyers.

• Assisting Indian companies in product development and adaptation tomeet buyers' requirements.

• Organizing Buyer-Seller Meets and other exclusive India shows with aview to bringing buyers

and sellers together.

• Organizing India Promotions with Department Stores and Mail Order

Houses abroad.

• Participating in overseas trade fairs and exhibitions.

• Arranging product displays for visiting overseas buyers.

• Organizing seminars/conferences/workshops on trade-related subjects.

• Encouraging small and medium scale units in export promotionefforts.

• Conducting in-house and need-based research on trade and export promotion.

• Enlisting the involvement and support of the State Governments inIndia for promotion of India's foreign trade.

Trade information services through electronic accessibility at Business InformationCentre

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FIEO (FFEDERATION OF INDIAN EXPPORT ORGANISATION)

FIEO-India's Premier Institution for International Trade

The Federation of Indian Export Organizations (FIEO), non profit organizations set up bythe Ministry of Commerce, Govt. of India in 1965 to co-ordinate and focus the efforts of all organizations in the country engaged in export promotion. The Federation has evolvedinto a key player in the promotion of trade, investment and collaboration. FIEO providesthe content, direction and thrust to India’s expanding international trade. FIEO represents the interest of professional government recognized exporting firms,consultancy firms, service exporters, banks, export management training institutes etc.FIEO members representing large, medium & small scale exporting units contribute more

around 70% global exports of our country. Its membership comprises of exporting firmswith strong credentials, called Government-recognized Export House, Star Export House,Trading House, Star Trading House and Premier Trading House besides Consultancyfirms. Today, FIEO expresses all the dynamism and resurgence that are the hallmark of India'sopen, liberal and progressively market-friendly economic and trade regime, representingthe Indian export promotion effort in its entirely. Its membership, largely comprising professional exporting films or long experience called Government recognized ExportHouses, Trading Houses, Star Trading Houses and Super Star Trading Houses andConsultancy exporting firms, contributes 72 % of the total exports of India.

In essence, FIEO represents directly or indirectly, over 100,000 exporters across India.Exports by FIEO members comprise a wide spectrum of products including Gems &Jewellery, Textiles, Garments, Engineering Goods, Leather and Leather Products,Handicrafts, Chemicals and allied products, Cosmetics, Drugs and Pharmaceuticals, etc.as well as a wide range of Consultancy Services covering Infrastructure, Engineering,Industries, Cement, Leather, Paper & Rubber Industries. Agro-based Industries, SmallScale Industries etc.The activities of our members also include manufacturing, international trading,investment and joint ventures etc. To any foreign investor, user or seller, FIEO is the one-stop organisation which will put him in touch with a trade partner or high repute, backed by its own credentials as an organisation of excellence in India.

FIEO ACTIVITIES-

What FIEO Specifically achieves The Federation keeps its members posted with thelatest developments in the field of Export / Import by organizing Seminars andWorkshops, Inviting delegations, organizing Buyer-Seller meets in India and abroad.Trade Fairs, providing advisory and consultative services and bringing about constant

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interaction between member exporters and various Government departments. The endresultof such activity is discussion of issues in depth, evolving of suitable action plans to promote Indian exports, formulation and dissemination of government policies pertainingto all sectors in manufacturing and merchant exporting and apprising Government on

problems and suggesting remedial measures.

WHAT FIEO DOES??

When Federation was constituted in 1965, certain economic realities had taken shape inIndia. There was greater industrialization, centralized planning and Government controls.Side by side, there existed a buoyant and thriving private sector. Thus there was an urgentneed for:

•

Wider exchange of views between allied industries in public as well as the private

• Apprising all concerned bodies of Status of exports.

• Monitoring the effects of Government policies on Exports - Imports.

• Interacting with the Government on behalf of the exporting community.

• It is registered with UNCTAD as a national non govt. organization, and hasdirect access to information and data from UN bodies and world agencies likethe IMF, ADB, WORLD BANK etc.

• It publishes a fortnightly magazine, FIEO NEWS to cover developments in

the field of international trade in INDIA.

SOME MORE: FIEO’s ACTIVITIES/PROGRAMMES

Export Promotion Activities (Trade Fair/ Exhibition/BSM/ Interactive

Meetings/ Workshop)

FIEO organizes various activities like Seminars, Workshops, Open House Meets, Buyer-Seller Meets and Exchanging Business Delegations etc. In the last financial year FIEOorganized activities pertaining to China, MERCOSUR, Italy, Botswana, Argentina, Fiji,Israel, Syria, Jordan, EU, Ethiopia, Uzbekistan, Kyrgyzstan, Romania and many morecountries covering all regions of the World. Forthcoming Events

Market Development Assistance

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Market Development Assistance (MDA) Scheme is under operation through theDepartment of Commerce, Government of India to assist exporters for export promotionactivities abroad. Assistance is permissible on air travel expenses and /or charges of builtup furnished stall. The Federation is one of the agencies nominated by the Government of

India for processing applications and also disbursing grants. Eligible exporters can availMDA as per the MDA Guidelines. MDA Guidelines

Certificate of Origin

Certificate of Origin is required by most countries to establish proof of origin of thegoods being imported by them. FIEO has been authorized to issue Certificate of Originunder SAPTA and BANGKOK Agreement and non-preferential purposes.

Taking up Issues/Problems of Members

FIEO takes up problems of members relating to Foreign Trade Policy, Banking, IncomeTax, Customs, Central Excise etc with Policy makers in the Government’s variousDepartments/Ministries.

Live Chat with Members

Members can chat live with Director General FIEO on every Wednesday from 3.00 p.m.to 5.00 p.m. and seek clarifications/advices on any matter relating to foreign trade

International Exposure and Guidance through Website

Provides 24x7 exposures to members through Search with FIEO. Buyers can reachmembers through FIEO search. Members can have access to commercial reports, buyerslist, trade & tender inquiries and Updates on trade policy, exhibitions, fairs etc.

Disseminating Commercial Intelligence

FIEO brings out a monthly bulletin ‘FIEO News’ to keep its members updated with policy changes, changing market trends, upcoming export opportunities etc. FIEO Newsis circulated among all the members free of cost. FIEO News is available onwebsite FIEO News

Awards to Members and Export Facilitators

FIEO gives away annual export awards “Niryat Shree” to its members for their outstanding export performances. FIEO also gives away “Niryat Bandhu” awards toexport facilitators such as banks, export promotion councils and commodity boards for recognizing their support to the exporting community.

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http://fieo.org/mdalist.html

http://fieo.org/fieonewslist.html

http://fieo.org/mdalist.html

http://fieo.org/fieonewslist.html



Setting up Warehouse at various Trade Centers Overseas

FIEO is planning to set up warehouses/India Trade Centers in various countries in thenear future which can serve as the gateway of our member’s export to these countries.The trade centers will have permanent display galleries for showcasing the products.

Basically, the Federation fulfills the above needs in these three ways:

• Sending representations on policy matters to Central and State (Regional)Governments.

• Providing a wide range of services designed to help member companies

• Creating and setting up contracts between Government and CommercialBodies both in India and overseas.

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DGCIS

Taken from DGCIS website,for more information refer http://www.dgciskol.nic.in/

The chequered history of evolution, developments, transformations and coming of age of the DIRECTORATE GENERAL OF COMMERCIAL INTELLIGENCE AND

STATISTICS has been a mammoth exercise spread over a span of one hundred and fortyyears and carried out under the stewardship of capable and pragmatic visionaries. TheOrganization traces its origin to a statistical branch established in the Finance Departmentof the Government of India way back in 1862. Sir William W. Hunter was the first DGof the DGCI & S or the Director General of Statistics as he was designated, back in 1871.The process of progress and refinement of the methodology began as early as in 1902when notable contributions for methodological improvement were made. In 1905,emphasis shifted from statistics to commercial intelligence. Thanks to the many faceteddevelopments that took place during the following decades under the auspices of the UN

in the fields of organization and management alongside the blending of economictheories with statistical techniques and tools, it was realised that there was no need for anartificial dichotomisation between economic-commercial intelligence and statistics in thefocal organization like the DGCI & S any longer. Therefore, in 1925 the two wings weremerged and the Directorate of Commercial Intelligence and Statistics came into being.

History of the DGCI & S is the history of introduction and unfailing continuation of various trade related statistical and other compilations and publications. In doing so theDirectorate has supplemented the Government of India’s trade and export promotion programs by providing an intelligent information system. In addition the DGCI & S has been engaged in various other export promotional activities since it’s inception. These

activities also encompass dissemination and analysis of trade information. The following paragraphs provide glimpses of the genesis and growth of its main publications andactivities.

The publications containing commodity-country wise compilation of India’s externaltrade statistics stands out as the organization’s highly used publications. This statistics is being compiled since the inception of the Organization. But the metamorphosis of information structure on trade data signifies the huge leap that DGCI&S has taken in thefield of information. Prior to partition separate accounts of Exports and Imports were keptfor less than 10 product groups. Today the trade data is compiled at 8-digit ITC (HS)level covering around eleven thousand products. Statistics of Indian Foreign Trade usedto be published till December 1956 along with other statistics in a monthly publicationcalled “Monthly Accounts Relating To Foreign Trade And Navigation In India”. After several renaming, this publication is available today as ‘Monthly Statistics of Foreign

Trade of India (MSFTI)’. A separate publication called the ‘Supplement to the MonthlyStatistics of Foreign Trade of India’ was introduced in 1960, the Volume II of whichcontained the trade statistics of principal countries in terms of commodities. Today the publication is available as the ‘Statistics of Foreign Trade of India by countries

(SFTIC)’. A landmark change in the history of publication of foreign trade statistics

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came in the year 1981. DGCI&S has been bringing up a monthly brochure entitled‘Foreign Trade Statistics of India (Principal Commodities and Countries)’ since thisyear. This publication is perhaps the most sought after publication of this Directoratetoday.

A word or two on the computerization of our vast statistical data is in order here as DGCI& S witnessed a quantum leap in terms of computerization of its basic foreign tradestatistics at this juncture. In April 1984, a decision was taken on the computerization of this office and the process of implementation was initiated in early 1985. Finally, the data processing system entered the modern era of electronic data processing with theinstallation of the microcomputer in 1987 and, thereafter, a mainframe computer in 1991.

The Indian Trade Journal, Interstate Movements of Goods by Rail, River and Air, theDirectory of Indian Exporters, etc are some of the other time honoured publications of this organization. The glorious tradition of our weekly publication, namely, the ‘Indian

Trade Journal’ began in April 5, 1906. This unique Journal on Government tenders and

various trade related issues is still published on the Wednesday of every week. It is reallya matter of awed interest to note that this weekly Journal has never missed a single week throughout its ninety-seven years of existence. The publication presently called‘Interstate Movements/Flows of Goods by Rail, River and Air’ which was earlier known as ‘Accounts relating to the Inland (Rail and River borne) Trade Consignments of India’ is one of the oldest publications of this organization dating back to 1917.‘Directory of Indian Exporters’ is another important publication of this organization,the first issue of which was brought out in 1919.

Ever aware and pliant to the changing needs of time, DGCI & S has made alterations andnew additions in the list of its immensely useful publications as and when required. The

publication on coasting trade is a very old publication of this office. But prior to 1957, thedata used to be published in the publication ‘Accounts relating to Coasting Trade and Navigation of India’. A new publication, devoted exclusively to coasting trade, called‘Statistics of the Inland Coasting Trade Consignment of India’ was introduced in1957. The supplementary publication known as the ‘Supplement to the Monthly Statisticsof Foreign Trade of India’ introduced in 1960, has already been referred above. Volume Iof the supplementary publication showed certain selected statistics on foreign trade. Thisvolume was renamed in 1973 and since then the publication is known as ‘Selected

Statistics of Foreign Trade of India’. Another new publication on shipping statistics,namely, ‘Statistics of Maritime Navigation of India’ was introduced in the year 1957.After the year 1965, these statistics were published as appendices to MSFTI. But again anew publication called the ‘Statistics of Foreign and Coastal Cargo Movements of

India’ was introduced in 1966. A separate publication on ‘Statistics of the Customs and

Excise Revenue Collections of the Indian Union’, as it is now known, was introducedin 1973. All these publications are regularly published by us even today.

Following the changes in the international classification norms, classification of tradedcommodities has undergone many changes, leading to revised editions of our publicationon Trade Classification System. The Indian Trade Classification was introduced in

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January 1957. This compilation saw a major improvement in 1977 as India responded inthe international efforts at comparability and harmonization of information. India adoptedthe Indian Trade Classification based on the United Nations Standard International TradeClassification (SITC) increasing the number of commodity classifications to a whopping4850. Again, following the international Classification System known as Harmonized

Commodity Description and Coding System evolved by the World Customs Organisation previously known as Customs Co-operational Council, Brussels, India is following anextended version of the above system of classification called the Indian Trade

Classification based on Harmonized Commodity Description and Coding System

since 1987. The revised edition effective from 1st of January 1996 was published inDecember 1995.

The process of venturing into compilation and publication of many more new and usefulstatistics and information still continues. Two new feathers have recently been added tothe cap of the DGCI & S during this period. We brought out the first issue of our ambitious quarterly magazine ‘Vaanijya’ in December 2001. This publication has been

started with an aim to provide value added information services based on our vastreservoir of statistical database. Another new publication has been recently added to thelist of important publications of the DGCI&S. The First Edition of the ‘Directory of

Indian Importers’ has been brought out in 2002, with a view to provide another important link in the chain of information services provided by this organization.

Besides, the DGCI & S undertakes many other activities relating to promotion of exports.Since its inception, ‘dissemination of trade statistics’ has been an important activity of the Directorate. Port-wise, country-wise and commodity-wise foreign trade data atvarious levels of commodity-group disaggregation are available for the users today.International bodies, like the ESCAP, FAO, WTO, IMF, UNSD, etc, Central and State

Government Ministries, and Departments, Commodity Boards, EPCs, individual firms,and researchers, are all users of this data. Similarly, collection and dissemination of

commercial information to the commercial public as well as to the government andsemi-government organizations have been among the principal services offered by theDirectorate. Over time their has been a change in the nature and composition of enquiriesreceived, but even today, this forms an integral part of the Directorate’s activities. In theyear 1961, the Government of India launched a scheme of enrolment and registration

of exporters. A Certificate of Registration is then issued to the firms registered with theDGCI & S. Today, this Registration Certificate has been intricately linked with inclusionof a firm’s particulars in our Directory of Indian Exporters. Mediation in, and

settlement of, commercial disputes is another long-standing function of the Directorate.Till March 1976, this was the sole Government agency undertaking this type of activity.Today, Export Promotion Councils, Commodity Boards, etc. can also undertake this job.Computation of Index Numbers of Foreign Trade of India is another very old activityof this organization. Prior to January 1957, the Index Numbers used to be published with1952-53 as base with export and import baskets of 16 and 17 commodity groupsrespectively. In 1987, the commodity basket was changed to 1075 export items (at 8-digitlevel HS classification) and 974 import items (at 8-digit level HS classification). Another important responsibility was added to the Directorate’s work, namely, scrutinizing and

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examining the merit of nominations for the National Export Awards. This is done onthe basis of certain criteria laid down by the Ministry of Commerce. The scheme is inoperation since 1967.

Any documentation of the history of the DGCI & S would not be complete without

reference to its Commercial Library. This is a commercial and technological referencelibrary, established way back in 1919. The Library has a name and prestige of its own andserves a clientele comprising of businessmen, industrialists, students, teachers, andresearch workers in commerce and allied subjects.

Ours has been a history of achievements and triumph over obstacles, a history of onehundred and fifty years of dedicated service to provide the right impetuous to our nation’strade. The tradition still continues. The DGCI&S has witnessed certain revolutionarydevelopments in recent years. The voluminous database was transferred from mainframecomputer to the latest SUN SOLARIS system. VSAT and LAN have been installed.Personnel have been trained to work on computer. A great achievement of the recent past

is in terms of reducing the time lag of some of our important publications. Our statistical publications namely ‘Monthly Statistics of Foreign Trade of India (MSFTI)’ and theweekly Journal namely “The Indian Trade Journal” were coming out with considerablelag. The “The Indian Trade Journal” has been put back on rail and for the past two yearsor more and it is available on the Wednesday of every week without fail. The time lag incase of the statistical publication mentioned above has been considerably reduced and has been brought down to around three months.

This dynamic process of evolution and growth is our glorious past, our present, and is our commitment for the future. We at the DGCI & S, with dedication in our hearts, andempowered with skill and experience are determined to strive for excellence in our

service to the nation.

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STATE TRADING CORPORATION-

The State Trading Corporation (STC), a para-statal body, set up by an Act of Parliamenton the 24th October 1982, is the trading arm of the Government for the importation of

essential commodities, namely Petroleum Products, Cement, Rice, Wheat Flour andLiquefied Petroleum Gas (LPG), with an annual turnover of around MUR 26 Billion.VisionThe State Trading Corporation will be a socially responsible value adding organizationaligned on international best practices.

The State Trading Corporation of India Ltd. (STC) is a premier international tradinghouse owned by the Government of India. Having been set up in 1956, the Corporationhas developed vast expertise in handling bulk international trade. Though, dealing largelywith the East European countries during the early years of its formation, today it tradeswith almost all the countries of the world.

By virtue of infrastructure and experience possessed by the Corporation, it plays animportant role in arranging import of essential items into India and developing exports of a large number of items from India. It exports a large number of items ranging fromagricultural commodities to manufactured products from India to all parts of the world.Because of Corporation's in depth knowledge about the Indian market, STC is able tosupply quality products at most competitive prices and ensure that the goods reach theforeign buyer within the prescribed delivery schedule. It also imports bulk commoditiesfor Indian consumer as per demand in the domestic market.

The eventful track record of more than 52 years has helped STC to gear itself to face the

fierce competitive challenges, seize business initiatives and build on its corecompetencies.

With a global vision in effective management, result oriented approach, strong belief in productivity and accountability, STC is future ready to take advantage of theopportunities in the 21st century and help propel India towards the new frontiers in worldtrade.

Services Offered

To the Overseas buyer :

STC acts as an expert guide for buyers interested in Indian goods. For them, STC findsthe best Indian manufacturers, undertakes negotiations, fixes delivery schedules, and

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oversees quality control - all the way to the final shipment to the entire satisfaction of the buyer.

To the Indian Industry :

The Indian manufacturers, whose products sail the seas via STC, benefit a lot from itsexpertise. STC helps thousands of Indian manufacturers to find markets abroad for their products. STC assists the manufacturers to use the best raw materials, guides and helpsthem manufacture products that will attract buyers abroad. Some of the other servicesoffered by STC to the Indian manufacturers include:

* Financial assistance to exporters on easy terms.

* Taking products of small scale manufacturers to international trade fairs andexhibitions.

* Import of machinery and raw material for export production.

* Assistance in the areas of marketing, technical know-how, quality control, packaging,documentation, etc.

* Supply of imported goods in small quantities as per convenience of buyers.

* Market intervention on behalf of the Government.

To the Indian Consumer:

The Indian consumers also benefit from STC's expertise and infrastructure. STCimports essential commodities for them to cover shortfalls arising in the domestic market.During the last one decade, STC imported sugar, wheat and pulses to meet domesticrequirements at a very short notice.

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MMTC's progress in the recent past has taken it from monopoly status to a competitiveopen market player making a strong thrust towards broad basing its sphere of activities,while consolidating its core areas of business.

To create synergy between its manufacturing, trading and technology partners and to

bring optimum efficiency and expertise to its operations worldwide, MMTC has promoted along with government of Orissa, a million tonnes capacity Iron & Steel plantand a 0.8 million tonne capacity Coke Oven battery with by product recovery plant and acaptive power plant of 55 MW capacity

These Are Some Of The Areas Covered By Mmtc

PRECIOUS METALS GEMS AND JEWELLERY

MMTC's Precious Metals Division is in to a range of activities covering imports, exports

and domestic retail trade. It helps in promoting exports from India by holding exclusiveforeign exhibitions of gold and studded jewellery at chosen overseas locations. Exportactivity is also augmented through MMTC's four exclusive jewellery Duty Free Shopslocated at the Departure Lounges of the International Airports at Mumbai, Chennai andThiruvananthapuram. The company supplies gold and studded jewellery as per nternational standards to these duty-free shops.

MMTC is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stonesand supplies these items to jewelers in India for domestic sales and exports. It is one of

the custodians of the Diamond Plaza Customs Clearance Center in Mumbai.

MINERALS

MMTC Limited, India's first Super Star Trading House, continues to be the country'sleader in mineral exports for four decades now. During the last decade, MMTC couldwithstand the stiff competition in the world market by its continuous and persistentefforts in diversifying its markets, enlarging its product range, expanding extensively itsinfrastructure facilities and expertise in mineral operations, and by attaching utmost careand importance to its trade commitments as also the quality of service and products.

MMTC has been consistently striving to enhance its competitiveness in the area of valueaddition. It has set up a crushing and screening plant at Banehatti in Bellary HospetSector not only to source higher value realization in the international market but also tocompete with the international suppliers like Australia and Brazil in the markets likeJapan and South Korea.

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METALS

MMTC (A Govt. of India Enterprise) - India's Single Largest Trader of metals. It's metalsdivision imports and exports Non-Ferrous metals, Industrial raw materials, Steel items,Pig Iron, Non Ferrous metals scrap and Iron and Steel scrap etc. MMTC's share of importin India's import of refined base non-ferrous metals in terms of value is about

20%.

NON FERROUS METALS & INDUSTRIAL RAW MATERIAL

MMTC is India's largest seller of imported non-ferrous metals viz. copper, aluminium,zinc, lead, tin and nickel. It also sells imported minor metals like magnesium, antimony,silicon and mercury, as also industrial raw materials like asbestos and also steel and its products. MMTC imports quality products conforming to international specifications likeASTM or BSS or LME approved brands.

Major institutional customers of MMTC in India are accredited with ISO-9002 status.MMTC sources its metals from empanelled suppliers including producers and tradersthroughout the world.

MMTC is a proud winner of gold trophy for exports of Engineering and Metallurgial product in non-SSI Sector and also awarded the All India Trophy for highest export in thecategory of prime metal b MMTC is amongst the leading Indian exporters and importersof agro products. The company's bulk exports include commodities such as rice, wheat,wheat flour, soyameal, pulses, sugar, processed foods and plantation products like tea,coffee, jute etc.

COAL AND HYDROCARBONS

Coal and Hydrocarbon is identified as one of the core areas of business for MMTC andSteam coal is identified as a thrust product for import. The coal and hydrocarbons business has achieved a turnover of Rs 18390 million in 2004-05.

FERTILIZERS

MMTC Limited (A Govt. of India Enterprise) is one of the largest importers of Fertilizersin India. It imports both finished fertilizers, fertilizer intermediaries and fertilizer rawmaterials. The volume of trade in fertilizers today stands over one million tonnes. MMTChas established itself as a trusted and reliable supplier of fertilizers with major consumersin India. This is result of a very high level of reliability and the resultant reputation thatMMTC has so assiduosly built over the last four decades.

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AGRO PRODUCTS

MMTC Limited (A Govt. of India Enterprise) is a global player in the Agro trade, with itscomprehensive infrastructural expertise to handle agro products. MMTC Limited provides full logistic support from procurement, quality control to guaranteed timely

deliveries of agro products from different parts of India through a wide network of regional and port offices in India and its contacts abroad.

MMTC is amongst the leading Indian exporters and importers of agro products. Theompany's bulk exports include commodities such as rice, wheat, wheat flour, soyameal,ulses, sugar, processed foods and plantation products like tea, coffee, jute etc.

MMTC also undertakes extensive operations in oilseed extraction, from the procurementof seeds to the production of de-oiled cakes for export, as well as the production of edibleoil for domestic consumption. It also imports edible oils. MMTC has won the gold trophy

from FIEO for highest exports in agritulcture & plantation product in non-SSI Sector.

ITEMS OF TRADE

1) Wheat2) Rice3) Maize4) Soyabean Meal5) Sugar 6) Edible Oil7) Pulses

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RBI- THE RESERVE BANK OF INDIA

Establishment

The Reserve Bank of India was established on April 1, 1935 in accordance with the

provisions of the Reserve Bank of India Act, 1934.

The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sitsand where policies are formulated.

Though originally privately owned, since nationalisation in 1949, the Reserve Bank isfully owned by the Government of India.

Preamble

The Preamble of the Reserve Bank of India describes the basic functions of the ReserveBank as:

"...to regulate the issue of Bank Notes and keeping of reserves with a view to securingmonetary stability in India and generally to operate the currency and credit system of thecountry to its advantage."

Central Board

The Reserve Bank's affairs are governed by a central board of directors. The board isappointed by the Government of India in keeping with the Reserve Bank of India Act.

• Appointed/nominated for a period of four years• Constitution:

o Official Directors

Full-time : Governor and not more than four Deputy Governorso Non-Official Directors

Nominated by Government: ten Directors from various fields andone government Official

Others: four Directors - one each from four local boards

Local Boards

• One each for the four regions of the country in Mumbai, Calcutta, Chennai and New Delhi

• Membership:• consist of five members each• appointed by the Central Government• for a term of four years

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Functions

To advise the Central Board on local matters and to represent territorial and economicinterests of local cooperative and indigenous banks; to perform such other functions asdelegated by Central Board from time to time.

The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as acommittee of the Central Board of Directors of the Reserve Bank of India.

Monetary Authority:

• Formulates, implements and monitors the monetary policy.• Objective: maintaining price stability and ensuring adequate flow of credit to

productive sectors.

Regulator and supervisor of the financial system:

• Prescribes broad parameters of banking operations within which the country's banking and financial system functions.

• Objective: maintain public confidence in the system, protect depositors' interestand provide cost-effective banking services to the public.

Manager of Foreign Exchange

• Manages the Foreign Exchange Management Act, 1999.• Objective: to facilitate external trade and payment and promote orderly

development and maintenance of foreign exchange market in India.

I ssuer of currency:

• Issues and exchanges or destroys currency and coins not fit for circulation.• Objective: to give the public adequate quantity of supplies of currency notes and

coins and in good quality.

Developmental role

• Performs a wide range of promotional functions to support national objectives.

Related Functions

• Banker to the Government: performs merchant banking function for the centraland the state governments; also acts as their banker.

• Banker to banks: maintains banking accounts of all scheduled banks.

Offices

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• Has 22 regional offices, most of them in state capitals.

Training Establishments

Has six training establishments

• Three, namely, College of Agricultural Banking, Bankers Training College andReserve Bank of India Staff College are part of the Reserve Bank

• Others are autonomous, such as, National Institute for Bank Management, IndiraGandhi Institute for Development Research (IGIDR), Institute for Developmentand Research in Banking Technology (IDRBT)

For details on training establishments, please check their websites links for which areavailable in Other Links.

Subsidiaries

Fully owned: National Housing Bank(NHB), Deposit Insurance and Credit GuaranteeCorporation of India(DICGC), Bharatiya Reserve Bank Note Mudran PrivateLimited(BRBNMPL)

Majority stake: National Bank for Agriculture and Rural Development (NABARD)The Reserve Bank of India has recently divested its stake in State Bank of India to theGovernment of India.

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http://www.rbi.org.in/scripts/RegionalOffices.aspx

http://www.rbi.org.in/scripts/OtherLinks.aspx

http://www.rbi.org.in/scripts/RegionalOffices.aspx

http://www.rbi.org.in/scripts/OtherLinks.aspx



CENTRAL WAREHOUSING CORPORATION

Introduction

A premier Warehousing Agency in India, established during 1957 providing logisticssupport to the agricultural sector, is one of the biggest public warehouse operators in thecountry offering logistics services to a diverse group of clients.

CWC is operating 491 Warehouses across the country with a storage capacity of 9.8million tonnes providing warehousing services for a wide range of products ranging fromagricultural produce to sophisticated industrial products.

Warehousing activities of CWC include foodgrain warehouses, industrial warehousing,custom bonded warehouses, container freight stations, inland clearance depots andaircargo complexes.

Apart from storage and handling, CWC also offers services in the area of clearing &forwarding, handling & transporation, procurement & distribution, disinfestationservices, fumigation services and other ancillary activities.

CWC also offers consultancy services/ training for the construction of warehousinginfrastructure to different agencies.

Services rendered by CWC

Scientific storage and handling services for more than 400 commodities include

Agricultural produce, Industrial raw-materials, finished goods and variety of hygroscopicand perishable items.

• Scientific Storage Facilities for more than 200 commodities includinghygroscopic and perishable items through network of 491 warehouses in Indiawith its 6,005 trained personnel.

• Import and Export Warehousing facilities at its 35 Container Freight Stations in ports and inland stations.

• Bonded Warehousing facilities .

• Disinfestation services.

• Handling, Transportation & Storage of ISO Containers.

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Services at ICD/CFS

Exports Imports

Receipt of export cargo

Movement of Import containers from the

port

In-House customs examination De-stuffing of LCL and FCL containers

Export cargo aggregation and storage Customs Examination

Preshipment Disinfestation of containers aswell as of export cargo.

Bonded Warehousing facilities

Cargo stuffing under custom supervision

C W Cs Journey Through Years

• In 1956 Agricultural Produce(Development & Warehousing) Act was passed.

• 1957 FIRST SEVEN WAREHOUSES were formed at AMRAVATI, GONDIA

• SANGLI , DAVANGERE,GADAG BARAGARH,WARANGAL

• 1962 Act divided into two—NCDC Act & Warehousing Act.

• Still CWC has been incurring losses for warehousing operations.

• 1966 - 67 With the advantage of 3 special warehouses in Mumbai for supplying of

ration CWC started making profit.

• 1968 Disinfestations Services (PCS) started.

• 1969 Cold Storage started at Hyderabad.

• 1973 Export Warehousing started in Mumbai.

• 1975 Custom Bonded Warehousing started.

• 1982 1st license for CFS was taken in Mumbai.

• 1985 C F S has been came into existence.

• 2002 Rail side Warehouse at Whitefield, Bangalorestarted and also promoted

National Multi-Commodity Exchange.

• 2007 1ST Container Freight Train inaugurated.

• 2007 Subsidiary – Central Railside Warehouse Company Limited formed.

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exim policy ii unit

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