freddie999
Paras Ajmera
check the attachment. its fantabulous. hope it helps the needful.
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Exim Policy
- Thread starter freddie999
- Start date
tanya malhotra
Par 100 posts (V.I.P)
EXIM POLICY
-Govt announces its foreign trade policy once in 5 year. Popularly called EXIM POLICY. Announced in March97 valid period 97-02.
Objectives are –
- To accelerate the country`s transition to a globally oriented vibrant economy to derive maximum benefits from expanding global market opportunities
- To stimulate sustained economic growth by augmenting production
- To enhance the technology strength & efficiency of Indian Agriculture Industry & services thereby improving their competitiveness while generating new employment opportunities & encourage the attainment of international accepted standards of quality.
- To provide consumers with good quality products at reasonable rates.
Main Features
1) Value based advanced license goes, new simple pass book introduced]
2) 542-18(taken away from list) restricted items liberalised for imports
3) special incentives for agro sector === exports & SSI products
4) payment of duty under export promotion capital goods EPCG schemes reduced to 10%
5) deemed export benefits extended to oil & gas sector
6) EPCG schemes reduced to Rs 5 crore for agro & allied sectors
7) Domestic traffic area (DTA) sale for export processing zones(EPZ) in agro & allied sectors liberalised
8) Special imprest license facility extended to domestic capital good suppliers
9) Software units permitted on line data communication for DTA sales also
10) Initial validity of duty free licenses extended to 18 mts
11) Electronic hardware units for electronic goods upto 70% in 3 years
12) Anti dumping mechanism strengthed.
13) Special description narms for electronic goodsupto 70% in 3 years.
The objectives will be achieved through the coordinated efforts of all the depts of the govt. in general & the ministry of commerce and the directorate general of foreign trade.
The govt. announces a trade policy every year.
Trade policy 2000-01
- Quantitative restrictions removed on 714 items
- Safeguard for domestic industry through anti dumping & anti subsidy mechanism
- Special economic zones planned in Gujarat, Tamil Nadu
- Conversions of existing export processing zone SEZs
- Rs 250 crore outlay for states in export efforts
- Sector specific initiatives for EOUs and EPZs in gems & jewellery, agro chemicals, bio tech, pharmaceuticals, leath3er, garments, silk & granites
- Duty free replenishment certificate scheme for more than 5000 products
- EPCG scheme extended to all sectorswithout threshold limit
- Boost to e- commerce, electronic, filingto be the norm
- Personal carriage of gems & jewellary imports & exportsw of jewellary by courier allowed.
-Govt announces its foreign trade policy once in 5 year. Popularly called EXIM POLICY. Announced in March97 valid period 97-02.
Objectives are –
- To accelerate the country`s transition to a globally oriented vibrant economy to derive maximum benefits from expanding global market opportunities
- To stimulate sustained economic growth by augmenting production
- To enhance the technology strength & efficiency of Indian Agriculture Industry & services thereby improving their competitiveness while generating new employment opportunities & encourage the attainment of international accepted standards of quality.
- To provide consumers with good quality products at reasonable rates.
Main Features
1) Value based advanced license goes, new simple pass book introduced]
2) 542-18(taken away from list) restricted items liberalised for imports
3) special incentives for agro sector === exports & SSI products
4) payment of duty under export promotion capital goods EPCG schemes reduced to 10%
5) deemed export benefits extended to oil & gas sector
6) EPCG schemes reduced to Rs 5 crore for agro & allied sectors
7) Domestic traffic area (DTA) sale for export processing zones(EPZ) in agro & allied sectors liberalised
8) Special imprest license facility extended to domestic capital good suppliers
9) Software units permitted on line data communication for DTA sales also
10) Initial validity of duty free licenses extended to 18 mts
11) Electronic hardware units for electronic goods upto 70% in 3 years
12) Anti dumping mechanism strengthed.
13) Special description narms for electronic goodsupto 70% in 3 years.
The objectives will be achieved through the coordinated efforts of all the depts of the govt. in general & the ministry of commerce and the directorate general of foreign trade.
The govt. announces a trade policy every year.
Trade policy 2000-01
- Quantitative restrictions removed on 714 items
- Safeguard for domestic industry through anti dumping & anti subsidy mechanism
- Special economic zones planned in Gujarat, Tamil Nadu
- Conversions of existing export processing zone SEZs
- Rs 250 crore outlay for states in export efforts
- Sector specific initiatives for EOUs and EPZs in gems & jewellery, agro chemicals, bio tech, pharmaceuticals, leath3er, garments, silk & granites
- Duty free replenishment certificate scheme for more than 5000 products
- EPCG scheme extended to all sectorswithout threshold limit
- Boost to e- commerce, electronic, filingto be the norm
- Personal carriage of gems & jewellary imports & exportsw of jewellary by courier allowed.
jitendra05
Banned
check the attachment. its fantabulous. hope it helps the needful.
Hey friend, thanks but i think your file is missing or it has been deleted so please try to upload it. Well, as we know that Exim Policy is a group of recommendations and guidelines set up by the DGFT in matters associated with the import and export of products in India. For more details, please check my presentation.