4975093 ch 03 exim policy of india
TRANSCRIPT
-
8/4/2019 4975093 Ch 03 Exim Policy of India
1/20
-
8/4/2019 4975093 Ch 03 Exim Policy of India
2/20
2
Exim Policy
The foreign trade of India is guided by the Export-Import policy of the Government of India.
Regulated by The Foreign Trade Development and
Regulation Act 1992.Exim policy contain various policy decisions with
respect to import and exports from the country.
Exim Policy is prepared and announced by the centralgovernment.
Exim Policy of India aims to developing exportpotential, improving export performance, encouragingforeign trade and creating favorable balance of paymentposition.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
3/20
3
General Objectives of Exim Policy
To establish the framework for globalization.
To promote the productivity competitiveness of Indian
Industry.
To Encourage the attainment of high and internationally
accepted standards of quality.
To augment export by facilitating access to raw
material,intermediate, components, consumables andcapital goods from the international market.
To promote internationally competitive import
substitution and self-reliance.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
4/20
4
Exim Policy of India 2004-2009
Hon. Shri Kamal Nath minister for commerce and
industry has announced on 31st Aug 2004, Indias
first Exim policy.
The duration of the policy from 1st Sept. 2004 to 31st
March 2009.
It takes an integrated view of the overall
development ofIndias foreign trade.Aim of the policy is to double the global
merchandise trade within the policy time period of 5
years
-
8/4/2019 4975093 Ch 03 Exim Policy of India
5/20
5
Objectives of Exim Policy 2004-2009
To double our percentage of share of global
merchandise trade within the five year.
To act as an effective instrument of economic growth
by giving a thrust to employment generation.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
6/20
6
Highlights of the New Foreign Trade Policy
2004-2009
Special Focus Initiatives: Semi-urban and Rural Area
Agriculture : Vishesh Krishi Upaj Yojana and Agri ExportZones
Handlooms and Handicrafts: Mark under Market AccessInitiatives Scheme and Proposed to Start new SEZ.
Gems and Jewellery: Import of gold of 18 carat and above has
been permitted under the replenishment scheme Leather and Footwear : Duty free import entitlement of
specified items shall be 5% of FOB value of exports during the
preceding year
-
8/4/2019 4975093 Ch 03 Exim Policy of India
7/20
7
Export Promotion Schemes
Assistance to States for Infrastructure Development of
Exports [ASIDE]
Market Access Initiative [MAI]
Marketing Development Assistance [MDA]
Towns of Export Excellence
Target Plus Scheme.
Served from India Scheme
Service Export Promotion Council
-
8/4/2019 4975093 Ch 03 Exim Policy of India
8/20
8
New Status Holder Categorization
Category Total Performance
(In Rs)One Star Export House 15 crore
Two Star Export House 100 crore
Three Star Export House 500 croreFour Star Export House 1500crore
Five Star Export House 5000 Crore
-
8/4/2019 4975093 Ch 03 Exim Policy of India
9/20
-
8/4/2019 4975093 Ch 03 Exim Policy of India
10/20
10
Implications of The Foreign Trade 2004-09
Implications on Indian Economy:
This policy propose to simplify procedures and develop
technology and infrastructure.
Implications on Agriculture:
Special Agricultural Produce Scheme has been introduced for
promoting the export of fruits, vegetables, flowers, and their
value added products.
Implications on Handlooms and Handicraft:
Establishment of Handicraft SEZ and Handicraft Export
Promotion Council would promote development of Handloom
and Handicraft Industry.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
11/20
11
Implications 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 :
Duty free import as a specified percentage of exports.
Exemption on customs duty on equipment for effluenttreatment plants would help promoting export form this
sector.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
12/20
12
Implications on Service Industry :
An exclusive service promotion council has been set up in
order to map the opportunities for key services in key market.
Develop strategic market access programmes like brandbuilding in co-ordination with sectoral players and recognize
nodal bodies of the service industry.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
13/20
13
Annual Supplement to Foreign Trade
Policy 2004-09
Minister for Commerce and Industry, Government of
India has announced Annual Supplement 2005, to the
Foreign Trade Policy 2004-09 on the 8th April 2005.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
14/20
14
Highlights of the Supplement
Inter State Trade Council : To engage the State Government in
providing an enabling environment for boosting international
trade, by setting up an Inter State Trade Council.
Removal of Export Cess : Proposed to abolish cess on export ofall agricultural and plantation commodities levied under various
Commodity Board Acts.
Export Promotion Capital Goods Scheme (EPCG) : This
scheme is extended to Agricultural sector, SSI sector, RetailSectors in order to promote exports from them.
Service Export : To upgrade infrastructure in the service related
companies.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
15/20
15
Agri Export : Benefits under Vishesh Krishi Upaj Yojanahave been extended to exports of poultry and dairy products in
addition to export of flowers, fruits, vegetables and their value
added products. Package for Marine Sector : Duty free import of specified
specialized chemicals and flavoring oils as per a defined list shall
be allowed to the extent of 1% of FOB value of preceding
financial years export.
Advance Licensing Scheme : The Scope of AdvanceLicense for annual requirement has been extended to all
categories of exporters having past export performance.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
16/20
16
Duty Free Replenishment Certificate : Brass scrap,Additives, paper board, and dye stuff have been removed from
the list of items prescribed for import under DFRC.
Procedural Simplification : Proposed to simplifyprocedures and reduce the documentation requirements so as to
reduce the transaction cost of the exporters and thereby increase
their competitiveness.
EDI Initiatives : DGFT shall introduce an automatedelectronic system for filing, retrieval and authentication of
documents based on agreed protocols and message exchange
with other authorities such including Customs and banks.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
17/20
17
Negative List of Exports 2002-07
The negative list consists of goods, the import or export of whichis ether prohibited, restricted through licensing or otherwise to becanalized through a designate government agency.
The negative list of exports, as per the EXIM Policy 2002-07
Prohibited Items : Which items completely banned from theexports. All forms of wild animals including their parts and products.
Special Chemicals as notified by the DGFT.
Exotic birds as notified by the DGFT. Beef.
Sea Shells, as specified
Human Skeleton.
Peacock Tail Red sanders wood in any form.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
18/20
18
Restricted Items : which items allowed for exports underspecial license issued by the DGFT.
Dress materials, ready-made garments, fabrics or textile items
with imprints of excerpts or verses of the Holy Quran. Horses Kathiawadi, Marwari, and Manipuri breeds.
Fresh and frozen silver prom frets of weight less than 300gm.
Paddy (Rice in husk).
Seaweeds of all types.
Chemical Fertilizer all types.
-
8/4/2019 4975093 Ch 03 Exim Policy of India
19/20
19
Canalized Items : can be exported without an export licensethrough designated State Trading Enterprise
Items Canalizing Agency
Onions (Except Bangalore Rose onion
and Krishnapuram Onion)
Export Permitted through Specified
STEs
Niger Seeds Tribal Cooperative Marketing
Federation of India (TRIFED) New
Delhi
National Agricultural Cooperative
Marketing Federation of India(NAFED)
Gum Karaya Tribal Cooperative Marketing
Federation of India(TRIFED), New
Delhi
Iron ore, Manganese ore, and Chrome
ore.
Metals and Minearals Trading
Corporation (MMTC).
Crude Oil Indian Oil Corporation Limited
F l E bl I b d i h
-
8/4/2019 4975093 Ch 03 Exim Policy of India
20/20
20
Freely Exportable Items : can be exported without an exportlicense from DGFT. However export of such items is subject to
certain procedures or conditions.
Item Description Procedures or Conditions
Military Stores as notified by
DGFT
No objection certificate from the Department
of Deface Production and Supplies
Exotic Birds, such as Bangalifinches, White finches and
Zebra
Subject to Pre- shipment inspection.
Bones and bone products Subject to a certificate from chemical and
Allied Products Export Promotion Council
(CAPEXIL)Basmati Rice Subject to registration of contracts with
Agriculture and Processed food Products
Export Development Authority.