Professional Documents
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Foreign Trade Policy in Inda
Foreign Trade Policy in Inda
Foreign Trade Policy in Inda
INDIA
INTRODUCTION
Import Trade
Export Trade
Net Exports
HISTORY
ANNOUNCEMENTS FOR
FPS,
FMS,
MLFPS
26 New
markets
added under this scheme
FOREIGN TRADE
POLICY 2009-14
HIGHLIGHTS
TECHNOLOGICAL UPGRADATION
E.P.C.G. SCHEMERELAXATIONS
More flexible
AGRICULTURAL SECTOR
LEATHERSECTOR
re-port of unsold imported rawhides and skins and
semi finished leather
Enhancement of FPS rate to 2 %
STATUS HOLDERS
additional Duty Credit Script to Status holder @1%
FOB value of past exports
Transferability for theDuty Credit scripts being issued
to Status holder.
STATUS HOLDER
EXPORT PERFORMANCE
(F.O.B. BASIS)
1 star house
15 crores
2 star house
100 crores
3 star house
500 crores
4 star house
1,500 crores
5 star house
5,000 crores
AGRICULTURESECTOR
To reduce transaction and handling cost, a
single window system to facilitate export of
perishable agriculturalproduce has been
introduced.
E.O.U.
allowed to sell in DTAup to alimit of 90%
finished goods forconsolidation along with
manufactured goods
CENVAT credit facility
D.E.P.B.
factoring of custom duty component on
Flexibility provided to exporters.
Simplification of procedures.
TEA
Minimum value addition for export
reduced from100% to50%
DTA sale limit by EOU units increased to
50%
PHARMACEUTICALS SECTOR
Export obligation period increased to 36
months.
extensively covered under MLFPS
forcountries inAfrica& LatinAmerica
-some countries in Oceania
HANDLOOM SECTOR
requirement of Handloom Markfor
availing benefitshas been removed.
Exemption from
Income tax on
investments
Enhanced limit of
2.4 crore for
managerial
remuneration
2003-2004
(Rs. in crores)
2004-2005
(Rs. in crores)
Kandla SEZ
1018.82
1060.14
SEEPZ-SEZ
7832.81
8298.59
Noida SEZ
1534.17
4266.00
Madras SEZ
1037.96
1376.91
Cochin SEZ
298.91
462.99
Falta SEZ
825.34
569.15
Visakhapatnam SEZ
435.67
579.27
Surat SEZ
869.90
1539.72
Manikanchan SEZ
---
95.54
Jaipur SEZ
---
5.27
Indore SEZ
---
55.02
Advantages of SEZ
Objectives:
.......for providing financial assistance to importers and exporters, and for
functioning as the principal financial institution for coordinating the
working of institutions engaged in financial export and import of goods
and services with a view to promoting countrys international trade....
....shall act on business principles with due regard to public interest
(Export-Import Bank of India Act, 1981)
Financing Programmes
Export
Credit
credit opened by
an importer with a
bank
in
an
exporter's country
to
finance
an
export operation
Import
Credit
credit
opened
by an importer
at a bank in his
own
country
upon which an
exporter
draw.
may
RECENT TRENDS
RECENT TRENDS
CONCLUSION
Composition of Indias Foreign Trade has
undergone a positive change. It is a
remarkable achievement that India has
transformed itself from a predominantly
primary goods exporting country into
non primary goods exporting country.
Under Imports also Indias dependence
on food grains and capital goods has
declined.