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By
Amjad Ali
(Planning Department)
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v
e foreign trade of India is guided by t
e Export-Import policy of t
e

Government of India.
v egulated by
e Foreign rade Development and egulation Act 1992.
v Exim policy contain various policy decisions wit
respect to import and
exports from t
e country.
v Exim Policy is prepared and announced by t
e central government.
v Exim Policy of India aims to developing export potential, improving
export performance, encouraging foreign trade and creating favorable
balance of payment position.
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p



v o establis
t
e framework for globalization.

v o promote t
e productivity competitiveness of Indian
Industry.
v o Encourage t
e attainment of
ig
and internationally
accepted standards of quality.
v o augment export by facilitating access to raw material,
intermediate, components, consumables and capital goods
from t
e international market.
v o promote internationally competitive import substitution and
self-reliance.
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v Announced by Govt. of India after every five years.

v EXIM policy mainly aims at :
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Î  
 
  
Î   

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. .
 Highlights of New Foreign Trade Policy 2009-14

v ero duty Export Promotion Capital Goods (EPCG) sc
eme extended by one
year to Marc
1, 2012; more products added.
v Duty Entitlement Passbook (DEPB) sc
eme extended by six mont
s till June 0,
2011.
v umber of additional products from sectors like leat
er, engineering, textiles,
jute added to 2 per cent interest subvention sc
eme.
v Additional benefit of 2 per cent bonus for 1 products under Focus Product
Sc
eme.
v ne per cent Status Holder Incentive Sc
eme (SHIS) for tec
nology up-
gradation
extended till 2011-12; more products added in t
e sc
eme.
v Benefits under Market Linked Focus Product Sc
eme to garment exports to EU
extended till Marc
, 2011.
v Barmer (
andicrafts), B
iwandi (textiles) and Agra (leat
er
goods) declared owns of Export Excellence.
v Steps announced to reduce transaction cost of exports.
v Leat
er sector allowed to re-export of unsold imported raw
ides
and skins and semi-finis
ed leat
er from public bonded ware
ouses,
wit
out export duty.
v List of items allowed for duty-free import of gems and jewellery
sector expanded.
v Scrips issued under Served From India Sc
eme (for services
sector) can be used for payment of duty on import of ve
icles.
v Instant tea and CSL Cardinol included for five per cent duty
benefit.
 




1. Implications on Agriculture.
- Instant ea and CSL Cardinol included for benefits under VKGUY
@  of FB value of exports.
R il Meals (Cotton, rape seed, groundnut), Castor il derivatives, Packed
Coconut Water and Coconut S
ell worked items s
all be entitled for benefits
@ 2 of FB value of exports to all markets under FPS.
2. Implications on Handlooms & Handicrafts.
a) R Duty free import of specified trimmings--s
all be available for made-Ups exports
@  of FB value of exports.
- ver 2 bonus benefits under focus product sc
eme(FPS).
b) - Facility of duty free import of tools under Duty Free Import scrips(DFIS)
for
andicrafts sector.
- ver 2 bonus benefits under focus product sc
eme(FPS).
. Implications on Gems & Jewellery sector.
a) Items allowed for duty free import
- ags and labels,
- Security censor on card,
- Staple wire,
- Poly bags
—. Implications on Leat
er & Footwear Industry.
- Allowed re-export of unsold imported raw
ides and skins and
semi-finis
ed leat
er from Public bonded ware
ouses, wit
out payment
of any export duty.
- Finis
ed Leat
er export s
all be entitled for Duty Credit Scrip @ 2 under FPS.
- 2 bonus benefits over and above t
e existing benefits under Focus Product Sc
eme.

. Implications on Service Industry.

- Scrips issued under Served From India Sc
eme (SFIS) can now be used
for payment of duty on import of Ve
icles, w
ic
are in t
e nature of
professional equipment.
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