.

GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

Exports and Imports free
unless regulated

2.1

Exports and Imports shall be free, except in cases where they are
regulated by the provisions of this Policy or any other law for the time
being in force. The item wise export and import policy shall be, as
specified in ITC(HS) published and notified by Director General of
Foreign Trade, as amended from time to time.

Compliance with Laws

2.2

Every exporter or importer shall comply with the provisions of the Foreign
Trade (Development and Regulation) Act, 1992, the Rules and Orders
made thereunder, the provisions of this Policy and the terms and
conditions of any licence/certificate/permission granted to him, as well as
provisions of any other law for the time being in force. All imported goods
shall also be subject to domestic Laws, Rules, Orders, Regulations,
technical specifications, environmental and safety norms as applicable to
domestically produced goods. No import or export of rough diamonds
shall be permitted unless the shipment parcel is accompanied by
Kimberley Process (KP) Certificate required under the procedure
specified by the Gem & Jewellery Export Promotion Council (GJEPC).

Interpretation of Policy

2.3

If any question or doubt arises in respect of the interpretation of any

provision contained in this Policy, or regarding the classification of any
item in the ITC(HS) or Handbook (Vol.1) or Handbook (Vol.2), or
Schedule Of DEPB Rate the said question or doubt shall be referred to
the Director General of Foreign Trade whose decision thereon shall be
final and binding.
If any question or doubt arises whether a licence/ certificate/permission
has been issued in accordance with this Policy or if any question or
doubt arises touching upon the scope and content of such documents,
the same shall be referred to the Director General of Foreign Trade
whose decision thereon shall be final and binding.

Procedure

2.4

The Director General of Foreign Trade may, in any case or class of

cases, specify the procedure to be followed by an exporter or importer or
by any licensing or any other competent authority for the purpose of
implementing the provisions of the Act, the Rules and the Orders made
thereunder and this Policy. Such procedures shall be included in the
Handbook (Vol.1), Handbook (Vol.2), Schedule of DEPB Rate and in
ITC(HS) and published by means of a Public Notice. Such procedures
may, in like manner, be amended from time to time.
The Handbook (Vol.1) is a supplement to the Foreign Trade Policy and
contains relevant procedures and other details. The procedure of availing
benefits under various schemes of the Policy are given in the Handbook
(Vol.1).

Exemption from Policy/

Procedure

2.5

Any request for relaxation of the provisions of this Policy or of any

procedure, on the ground that there is genuine hardship to the applicant
or that a strict application of the Policy or the procedure is likely to have
an adverse impact on trade, may be made to the Director General of
Foreign Trade for such relief as may be necessary. The Director General
of Foreign Trade may pass such orders or grant such relaxation or relief,
as he may deem fit and proper.
The Director General of Foreign Trade may, in public interest, exempt
any person or class or category of persons from any provision of this
Policy or any procedure and may, while granting such exemption, impose
such conditions as he may deem fit. Such request may be considered
only after consulting Advance Licensing Committee (ALC) if the request
is in respect of a provision of Chapter-4 (excluding any provision relating
to Gem & Jewellery sector) of the Policy/ Procedure. However, any such

request in respect of a provision other than Chapter-4 and Gem &

Jewellery sector as given above may be considered only after consulting
Policy Relaxation Committee.
Principles of Restriction

2.6

DGFT may, through a notification, adopt and enforce any measure

necessary for:i

Protection of public morals.

ii

Protection of human, animal or plant life or health.

iii

Protection of patents, trademarks and copyrights and the

prevention of deceptive practices.

iv

Prevention of use of prison labour.

Protection of national treasures of artistic, historic or

archaeological value.

vi

Conservation of exhaustible natural resources.

vii

Protection of trade of fissionable material or material from which

they are derived; and

viii

Prevention of traffic in arms, ammunition and implements of war.

Restricted Goods

2.7

Any goods, the export or import of which is restricted under ITC(HS) may
be exported or imported only in accordance with a licence/ certificate/
permission or a public notice issued in this behalf.

Terms and Conditions of a

Licence/Certificate/
Permission

2.8

Every licence/certificate/permission shall be valid for the period of

validity specified in the licence/ certificate/ permission and shall contain
such terms and conditions as may be specified by the licensing
authority which may include:
(a)

The quantity, description and value of the goods;

(b)

Actual User condition;

(c)

Export obligation;

(d)

The value addition to be achieved; and

(e)

The minimum export price.

Licence/Certificate/
Permission not a Right

2.9

No person may claim a licence/certificate/ permission as a right and the

Director General of Foreign Trade or the licensing authority shall have
the power to refuse to grant or renew a licence/certificate/permission in
accordance with the provisions of the Act and the Rules made there
under.

Penalty

2.10

If a licence/certificate/permission holder violates any condition of the

licence/certificate/ permission or fails to fulfill the export obligation, he
shall be liable for action in accordance with the Act, the Rules and
Orders made there under, the Policy and any other law for the time
being in force.

About FIEO
The Federation of Indian Export Organisations represents the Indian entrepreneurs spirit of enterprise in the global
market. Known popularly as "FIEO", this apex body of Indian export promotion organizations was set up jointly by the
Ministry of Commerce, Government of India and private trade and industry in the year 1965. FIEO is thus a partner of
the Government of India in promoting India's exports...
FIEO -I ndia's Premier Institution for International Trade
The Federation of Indian Export Organisations represents the Indian entrepreneur's spirit of enterprise in the global
market. set up in October, 1965, the Federation, known popularly as "FIEO", has kept pace with the country's
evolving economic and trade policies, and provided the content, direction and thrust to India's expanding international
trade. As the apex body of all Indian export promotion organisations, FIEO works as a partner of the Government of
the India to promote Indian exports.
Today, FIEO expresses all the dynamism and resurgence that are the hallmark of India's open, liberal and
progressively market-friendly economic and trade regime, representing the Indian export promotion effort in its
entirely. Its membership, largely comprising professional exporting films or long experience called Government
recognised Export Houses, Trading Houses, Star Trading Houses and Super Star Trading Houses and Consultancy
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, Small Scale 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 has forged strong links with counterpart organisations in several countries as well as international agencies to
enable direct
communication and interaction between India and world businessmen. It is registered with UNCTAD as a national
non-Government
organisation, and has direct access to information/data originating from UN bodies and world agencies like the IMF,
ADB, ESCAP,
WORLD BANK, FAO, UNIDO and others. In addition, it has bilateral arrangements for exchange of information as
well as for liasioning with several overseas chambers of commerce, and trade and industry associations.
How FIEO has Developed :
Today the Federation is proud of the fact that its members accounts for an estimated exports of US$ 24.3 billion out
of the total India's export of US$ 33.0 billion. It shows for itself an achievement which notes that approximately 73.6 %
of the total exports from India emanate from FIEO members. This enviable position has been reached rapidly in a
very short span, albeit with a long legacy behind it. It was in the year 1965 that this Federation came into being with
the support of Ministry of Commerce. Government of India and private trade and Industry. It has now graduated to a
level of organisation providing global link to exporters and working as a 'nerve centre' of Indian exports.
FIEO ACTIVITIES
What FIEO Specifically achieves
The Federation keeps its members posted with the latest developments in the field of Export / Import by organising
Seminars and
Workshops, Inviting delegations, organising Buyer-Seller meets in India and abroad. Trade Fairs, providing advisory
and consultative services and bringing about constant interaction between member exporters and various
Government departments. The end result of such activity is discussion of issues in depth, evolving of suitable action
plans to promote Indian exports, formulation and dissemination of government policies pertaining to 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 in India. There was greater
industrialisation,
centralised planning and Government controls. Side by side, there existed a buoyant and thriving private sector. Thus
there was an
urgent need for :

Wider exchange of views between allied industies in public as well as the private sectors.
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.

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 Commercial Bodies both in India and overseas.

These needs are achieved through the following departments :

Total Quality Management L(TQM) Department
The TQM department is dedicated to help industries to launch quality initiatives. It organises workshops/ seminars on
TQM, ISO etc.
FIEO Information Centre
It has a well established database and provides useful information on India's Export sector both at the company and
industry level,
Indian city-wise, state-wise etc. India's Imports commodity-wise, port-wise etc. is also made available. Assistance to
buyers abroad in sourcing the right product from India is also provided.
Electronic Data Interchange and EDP Department
The Government of India has targeted January1998 to implement EDI with all the departments engaged in
international trade. The
task of this department has thus increased manifold in its effort to provide awareness and education on EDI to India's
private trade and industry. Training, consultancy and host of other services on EDI is also provided.
As a part of the awareness and educational programme, FIEO has launched an electronic network, viz. FIEONET for
the India's private trade and industry. It facilitates fast and low cost communication facilities. Non-members can also
avail of the facility.
Market Development Assistance (MDA) Department
The Ministry of Commerce, Government of India, through FIEO, reimburses to a certain percentage, expenses
incurred by the recognised exporters, viz. Super Star Trading Houses / Star Trading Houses / Trading Houses /
Export Houses on account of Sale-cum-Study Tour.
Participation in Exhbitions / Fairs abroad, Bringing out publications for use abroad and advertisement in foreign media
(Brand Publicity).The Market Development Assistance Department takes care of the grant disbursement.
Exim Policy, Customs and Excise Department
The department offers advisory services on India's Export-Import Policy, Customs and Excise rules and regulations.
Takes up the
problems of the exporters on this areas with the appropriate authorities. Monitors and suggests the Government of
India on the
various policies, laws, rules and regulations.
Market Research and Development Department
The Market Research Department as a part of its business facilitation effort offers the exporting community :
i) Meetings with diplomats, incoming delegations and buying missions
ii) Inviting delegations
iii) Organising trade fairs abroad to project Indian Products (recently organised fairs in Morocco, Moscow, St.
Petersburg, Tunisia)
iv) Opening of foreign offices and warehouses

v) Organising seminars for promotion of International Trade

vI) Preparation of country notes / studies
vii) Opening of new FIEO Chapters / Offices abroad
viii) Signing Memorandum of Understandings (MOU) with International Chambers & Institutions for trade promotion
Banking and Direct Taxes Division
The Banking and Direct Taxes Division offers advisory services to exporters on matters related to exchange Control
and Foreign
Exchange Dealers Association of India (FEDAI). It also provides information to exporters regarding benefits available
under Income-tax Act, 1961 such as section 80 HHC for merchandise exports 80 HHC for software, etc. 80 HHB for
projects.
It also takes up problems of exporters regarding exports finance, and issue related to Exchange Control and FEDAI.
It organises open houses / workshops etc. with the concerned Government officials of RBI, Banker etc. for exporter to
have a face to face interaction to resolve their problems on the spot.
Fiscal incentives aimed at import duty neutralisation for export production has to a large extent lost attraction for
exporters, since import duties have been brought down to Asean levels in most cases. In consultations between
commerce and finance ministry on the Exim policy, the latter has underlined that any new direct fiscal incentive for
exports may not be WTO-compliant and may be considered as subsidies by buying nations. Instead, it would be
prudent to step up spends on generic export promotion focussed on specific products in new markets to maintain
export growth.
Citing the example of the duty free entitlement passbook (Depb) scheme, commerce ministry officials pointed out that
this will be allowed to continue till 2010. By that time introduction of Goods and Services Tax (GST) and phasing out
of CST will make the scheme redundant. Even as things stand now, exporters do not find entitlement rates under the
passbook scheme attractive, since import duties are at the lowest levels.
Officials in the ministry and export promotion councils said that with little leeway on fiscal incentives, the Exim policy
will increase funding for individual exporters and export organisations for more intensive marketing than they are now
eligible under MDA and MAI.
Since both these schemes are framed for 'focus products, focus countries,' products and countries where marketing
expenses will be eligible for funding too may be expanded.
Under MAI, marketing projects undertaken by export organisations and EPCs are funded by the government. This
may include a range of activities like setting up warehouses, showrooms, publishing of catalogues, expenses incurred
in meeting statutory regulations in buying countries and conducting market surveys.
Under MDA, individual exporters are funded, subject to certain ceilings for marketing drives in 'focus countries'. The
funds are disbursed through respective EPCs of exporters. The focus countries where exporters are eligible for funds
include, Africa, CIS and Asean along with Australia and New Zealand .
The forthcoming Exim policy is expected to include more countries to this list and also increase limits of funds that
exporters will be eligible for marketing projects submitted by them.
Financial sufficiency is core to export competitiveness. New exporters face significant start-up costs as they gather
information on foreign markets, develop marketing channels, adapt products andpackaging to foreign tastes, and
learn to deal with new bureaucratic procedures. Market and government failures mean that these 'sunk costs' bar
firms from joining the export markets.
Fiscal and financial policy incentives for export competitiveness is an unfolding area of research. Current literature
covers topics such as exchange rates and tax-based policy incentives, duty drawbacks and bonded warehouse
facilities, and smart subsidies like export loan subsidies, export credit guarantees and matching grants.

Case Studies

India Trade Promotion Organisation (ITPO), the premier trade promotion agency of the Govt. of India for
organizing trade fairs, is committed to showcase excellence achieved by the country in diverse fields
especially trade and commerce. ITPO as the nodal trade promotion agency of the country has had a
pioneering role in the national trade growth dynamics since its inception. Apart from its role in bringing the
Indian businesses, particularly those in the MSMEs sector, closer to global markets, it was first to
popularize trade fairs as a tool of trade promotion within the country. For nearly three & half decades, it is
managing India's world class exhibition complex that is constantly upgraded to keep it in a high standard of
readiness.
India Trade Promotion Organisation (ITPO), headquartered at Pragati Maidan, is the nodal agency of
the Government of India under aegis ofMinistry of Commerce and Industry (India) for promoting country's external
[14]
trade. ITPO is a Schedule-B Miniratna Central Public Sector Enterprise (CPSE) with 100 percent shareholding of
Government of India.
ITPO renewed its Memorandum of Understanding (MoU) with Ministry of Commerce & Industry for the year 2013-14
[15]
on 20 March 2013 . The major highlight of the MoU are:

Projected surplus of 100 Crore by ITPO during FY 2013-14.

Investment proposal to be submitted for the redevelopment of Pragati Maidan into a modern and state-of-the-art
integrated Exhibition-cum-Convention Centre, to the Union Cabinet for approval.

Other Targets: 850 man-days of training to its both senior and other employees during FY 2013-14 and reduction
of electricity water consumption by 5 percent and 10 percent respectively.

In 2011-12, ITPOs performance was evaluated by the Department of Public Enterprises (DPE) as the best among all
the CPSEs under the administrative control of the Department of Commerce (DoC) namely MMTC, STCI, PEC and
[16]
ECGCI. Based on provisional performance, ITPO is expected to retain the Excellent rating in 2012-13.

History[edit]
India Trade Promotion Organisation (ITPO) was incorporated by merger of Trade Development Authority (TDA), a
Registered Society under the administrative control of the Ministry of Commerce & Industry, with The Trade Fair
Authority of India (TFAI) with effect from 1 January 1992. TFAI was earlier incorporated, under Section 25 of the
Indian Companies Act, 1956, on 30 December 1976 by amalgamating 3 organizations of the Government of India viz.
India International Trade Fair Organization, Directorate of Exhibitions and Commercial Publicity and Indian Council of
[17]
Trade Fairs and Exhibitions and commenced operations with effect from 1 March 1977. ITPO, during its existence
of more than 3 decades has played a proactive role in catalysing trade, investment and technology transfer
processes. Its promotional tools include organizing of fairs and exhibitions in India and abroad, Buyer-Seller Meets,
Contact Promotion Programmes, Product Promotion Programmes, Promotion through Overseas Department Stores,
[18]
Market Surveys and Information Dissemination.
The plot where Pragati Maidan had come up more than 30 years ago was actually conceived as a space for a district
park, according to the Master Plan of Delhi.This means that there couldn't be any remodeling or addition to the
exhibition area. Recently Delhi Development Authority (DDA) changed landuse of Pragati Maidan from 'recreational
[19]
District Park' to Public & Semi-public Facilities (International Convention Centre) . Plans to modernise Pragati
Maidan had been floated by ITPO some years ago, the revamp hit a glitch. However, ITPO has once again started
planning & liasoning for redevelopment of Pragati maidan in late 2012 by appointing Advisor-cum-Project

Management Consultants (APMC). The proposal is pending for cabinet approval and budget sanctions as on
[20]
October-2013.
Ministry of Home Affairs has recently given in-principle approval for deploying Central Industrial Security Force (CISF)
to provide round-the-clock security at the Pragati Maidan campus.A special vehicle-borne and sophisticated arms
equipped squad of the force will be deployed at Pragati maidan complex to respond to any terror attack like situation.
Access control to the exhibitions area will be monitored by another team of the squad with help from private security
[21]
guards.
Sphere of Activities[edit]
ITPO has been managing the Pragati Maidan exhibition complex in New Delhi and has established it as a renowned
destination for holding exhibitions, conventions, seminars, business meets and other trade promotion activities. The
present Pragati Maidan complex is in the centre of Delhiwith excellent connectivity by road, Delhi Metro and Delhi
Bus Rapid Transit System and has close access to central government offices and hotels. The world renowned Hall
of Nations, Hall of Industries and Nehru Pavilion in Pragati Maidan was designed by iconic architect Raj Rewal along
with architect Kuldip Singh in 1971-72. Later on Hall of States were designed by architect Raj Rewal in 1981-82.
Other iconic structures than surroundPragati Maidan are National Science Centre, Delhi near Gate No.1 of Pragati
Maidan designed by architects Achyut Kanvinde and Hindustan Lever Pavilion by architect Charles Correa in 1961.
The existing infrastructure of Pragati Maidan includes about 60,000 sq.m. of covered exhibition space with additional
open space in a campus of approx. 123.5 acres, a modern air conditioned food plaza with seating capacity for 500
plus persons, open and covered auditoriums with a combined capacity for 5500 and 1000 persons respectively,
lounge areas, business centre facilities to support trade promotion related activities. The existing facilities are being
used by various Ministries/Departments of Government of India, State Governments and Industry to present their
policies, initiatives and achievements by supporting/holding exhibitions, conventions and other trade related events.
ITPO has an extensive infrastructure as well as marketing and information facilities that are availed by both exporters
and importers. ITPO's overseas offices assist buyers seeking information relating to sourcing products from India.
ITPO had had overseas offices at New York, Frankfurt, Tokyo, Moscow and So Paulo for pursuing opportunities for
enhancement of India's trade and investment. However, all overseas offices are now closed by ITPO. ITPO has four
Regional Offices at Bangalore, Chennai, Kolkata and Mumbai. The Regional Offices, through their respective profile
of activities, ensure a concerted and well coordinated trade promotion drive throughout the country.
The Main Activities & Services of ITPO are:

[22]

Managing the extensive trade fair complex, Pragati Maidan in the heart of Delhi
Organising various trade fairs and exhibitions at its exhibition complex in Pragati Maidan and other centers in India.
Facilitating the use of Pragati Maidan for holding of trade fairs and exhibitions by other fair organisers both from
India and abroad.
Timely and efficient services to overseas buyers in vendor identification, drawing itineraries, fixing appointments and
even accompanying them where required.
Establishing durable contacts between Indian suppliers and overseas buyers.
Assisting Indian companies in product development and adaptation to meet buyers' requirements.
Organising Buyer-Seller Meets and other exclusive India shows with a view to bringing buyers and sellers together.
Organising India Promotions with Department Stores and Mail Order Houses abroad.
Participating in overseas trade fairs and exhibitions.
Arranging product displays for visiting overseas buyers.
Organising seminars/conferences/workshops on trade-related subjects.
Encouraging small and medium scale units in export promotion efforts.
Conducting in-house and need-based research on trade and export promotion.
Enlisting the involvement and support of the State Governments in India for promotion of India's foreign trade.
Trade information services through electronic accessibility at Business Information Centre.

Subsidiaries[edit]
[23]

ITPO has two subsidiaries namely Karnataka Trade Promotion Organisation (KTPO) and Tamil Nadu Trade
[24]
Promotion Organisation (TNTPO) with share holding of 51% in each of them. With the commissioning of the stateof-the-art Chennai Trade Centre (CTC) in January 2001 and the Trade Centre Bangalore in September 2004, ITPO
has successfully completed the first phase of the setting-up of modern exhibition facilities outside Delhi. The Chennai
Trade Centre which addresses a long-felt need for a permanent and modern exhibition venue in Tamil Nadu, has
already emerged as a hub of trade-related activities in the region, and is all set for a major expansion of triplicating its
capacity.
ITPO also coordinated the construction of exhibition-cum-trade complex 'Maniram Dewan Trade Centre' for Assam
[25]
Trade Promotion Organisation at Sarusajai, Guwahati under 'Assistance to Sates for Developing Export
[26]
Infrastructure and Allied Activities (ASIDE)' Scheme, for facilitating trade in North-Eastern States. The Industry and
Commerce Department of Assam in association with ITPO developed the project spread over an area of 10 acres.
Under Phase-I of development, Maniram Dewan Trade Centre consists of 3 fully air-conditioned halls of 800 sq.m.
each, entrance lobby and plaza and mini convention-cum-conference room.
ITPO has a 50:50 Joint subsidiary with National Informatics Centre (NIC) in the form of National Centre for Trade
Information (NCTI) in 1995 for collection and dissemination of trade data and improving Business Information
[27]
Services to the business community, especially SME.
In a recent development, ITPO is in primary discussions with Government of Kerala and Kerala Industrial
Infrastructure Development Corporation (KINFRA) for setting up an Trade Fair-cum-Convention Centre
[28]
at Kochi, Kerala . ITPO is also helping Pimpri. Chinchwad New Town Development Authority (PCNTDA), whose
officials visited Pragati Maidan in September-2013, in setting up the proposed Pune International Exhibition and
[29]
Convention Centre at Moshi (Pimpri-Chinchwad).

Strategic Issues[edit]
ITPO is operating a trade portal www.tradeportalofindia.com having all trade related information including country
profiles, product profiles, trade directory etc. ITPO is networking with International Organisation in the field of Trade
and Commerce through membership or collaborative arrangements such as Memorandum of Understanding (MoU),
ITPO is a founder member of Asia Trade Promotion Forum (ATPF) and participates in its Annual meets regularly.
National Productivity Council (NPC), New Delhi awarded a consultancy project to ITPO to prepare Detailed Project
Report (DPR) for organizing Eco-Product International Fair (EPIF) at Pragati Maidan. The DPR contained an
overview of eco-friendly fair in Asia, drill for organizing EPIF, monitoring of important activities of EPIF, budget
[30]
estimates, revenue generation and details of MoU between ITPO and NPC.
A MoU was signed between ITPO and Qatar Tourism Authority of the State of Qatar in April 2012 for cooperation in
holding the exhibitions. The MoU aims to strengthen the bilateral relations between the two countries through
developing the means of cooperation in the field of organising exhibitions based on the mutual interests of their
respective countries. Both of the organisations have agreed to forge long-term cooperation in planning, developing
and training, marketing and promotion and encourage the organisation of holding reciprocal exhibitions. Media
Report</ref>
ITPO has signed MoU with (MOU) Department of Science & Technology (DST), Government of India in September
2012 for holding National Level Exhibition and Project Competitions (NLEPCs) under the Innovation in Science
[31]
Pursuit for Inspired Research ( INSPIRE) scheme.
In order to facilitate bilateral ties, ITPO has signed MoU with the Trade Development Authority of Pakistan (TDAP).
The MoU would cover exchange of information relating to business activities, conduct market research,
implementation of bilateral trade promotion activities and organise training programmes plus exchange of experts.
After signing MoU between TDAP and ITPO, along with FICCI have held a successful India Show from 1113
February 2012 at Expo Centre, Lahore. 2012. Under the MoU, Lifestyle Pakistan 2012 show was hosted in New Delhi
[32]
in April 2012. In addition, TDAP and ITPO have also planned participation in five ITPO organised fairs in 2012-13.
To facilitate Indian Industry and to bring synergy, ITPO has signed MoU with various Chambers of India. ITPO has
signed MoU with Federation of Indian Chambers of Commerce & Industry (FICCI) to collaborate on trade promotion.
The MOU is directed towards coordinated joint efforts to promote India's trade identifying the internal strengths of the
respective organisations. The MOU is an effort towards attaining synergy through harnessing the strengths of both
ITPO and FICCI, both of whom are engaged in the promotion and enhancement of Indian trade. To implement the
[33]
MOU, a Steering Committee consisting of two nominees each from ITPO as well as FICCI is being constituted.

ITPO has also signed MoU with the Confederation of Indian Industry (CII) in April 2011, directed towards a collective
and well-directed effort to promote India's trade identifying the internal strengths of the respective organisations. The
MOU provides for mutual cooperation in the areas of knowledge-based services, market studies, organising seminars
and workshops, mobilising participation for trade fairs, organising presentation meetings, popularising the new
Regional Trade Promotion Centres and events in various States of India. To implement the MOU, a Steering
Committee is being constituted consisting of nominees from ITPO and CII. To mark the beginning of these
collaborative efforts, CII and ITPO decided to jointly hold an exclusive Indian exhibition in September 2012 at So
Paulo (Brazil). Further, CII and ITPO would be jointly organising yet another Indian exhibition at Lagos, Nigeria during
this financial year. These events are being planned in markets which are, currently, relatively untapped but hold
[34]
significant export potential for India.
ITPO signed MoU with National Book Trust, India for conducting New Delhi World Book Fair every year, starting from
[35]
February-2013. This replaced the existing once-in-two-years World Book Fair.
In its bid to provide an added boost to the gem and jewellery industry, ITPO signed an MOU with the Gems &
Jewellery Export Promotion Council (GJEPC) on 13 February 2013 to launch the first India Gems & Jewellery Fair
[36]
(IGJF) in April 2013 at the Pragati Maidan.
ITPO is to participate in 18th Addis Abeba Chamber of Commerce & Sectoral Association (AACCSA) International
Trade Fair to be held at Addis Abeba Exhibition Center and Market Development Enterprise (AACMDE), located at
Meskel Square. ITPO attended the 17th edition of the fair with 44 companies, the largest international contingent in
the fair. Indian companies have been playing a prominent role in investment since 1990. Currently, close to 450
Indian companies have investment licences in Ethiopia, with a combined investment capital of five billion dollars,
according to data from AACCSA. Negotiations with the AACCSA are underway, and if all goes well, both parties
[37]
could sign an MOU in August 2013.
[38]

ITPO went into agreement with Ministry of Rural Development for organizing Aajeevika Divas. Similar agreement is
recently done with Department of Disability Affairs for organizing Swavlamban, a four-day National Fair on Aid &
[39]
Assistive Devices.
ITPO recently signed MoU with Visvesvaraya Industrial Trade Centre (VITC), Karnataka in May 2013 with the
objective of co-operating with each other to carry forward the objectives of their respective organizations for mutual
benefit and achievement of common goals of promoting the industry and exports from the region. The areas covered
under the MoU are to Exchange information on each others area of activities, identify potential products markets and
introduce to each other opportunities for cooperation and partners for investment and trade, cooperate in organizing
and participate in trade promotion activities, both within and outside India. interact periodically to formulate strategies
to enhance trade and exports and review the progress achieved and provide each other with consultancy services
within their scope of business service.
Financials[edit]
ITPO registered an increase of about 68 crores in total income during FY 2011-12 which went up to about 374
crores from about 305 crores during FY 2010-11. The net profit of the company skyrocketed to about 183 crores,
an impressive increase of about 158 percent over the previous year profit of about 78 crores. The company is
[40]
having a Total Assets exceeding 1100 crores and more than 1050 employees. The Company is registered under
Section 25 of the Companies Act, 1956 and so it does not declare any dividend.
Logo[edit]
ITPO logo was designed by eminent Graphic Designer Benoy Sarkar in 1974 for the erstwhile Trade Fair Authority of
India. The logo has an interesting depiction of letters T (Trade) and F (Fair). The tone is a fusion of preservation of
traditions of Trade and Investments along with modern identity of ITPO. The logo has a universal form. It signifies an
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authority of India exercising trade through fairs and exhibitions in India and abroad. The emblem has been derived
from an inscription on a gold coin belonging to the era of the ancient ruler, Samundragupta( circa 330-380 A.D.)
symbolising the zenith achieved in external trade.The vertical and horizontal strokes in the symbol represent life and
prosperity

c) Export of deoiled /defatted cakes

Banks are permitted to grant packing credit advance to exporters of HPS groundnut and deoiled /
defatted cakes to the extent of the value of raw materials required even though the value thereof
exceeds the value of the export order. The advance in excess of the export order is required to be
adjusted either in cash or by sale of residual by-product oil within a period not exceeding 30 days
from the date of advance to be eligible for concessional rate of interest.
(iii) Banks have, however, operational flexibility to extend the following relaxations to their
exporter clients who have a good track record:
a) Repayment / liquidation of packing credit with proceeds of export documents will continue;
however, this could be with export documents relating to any other order covering the same or
any other commodity exported by the exporter. While allowing substitution of contract in this
way, banks should ensure that it is commercially necessary and unavoidable. Banks should also
satisfy themselves about the valid reasons as to why packing credit extended for shipment of a
particular commodity cannot be liquidated in the normal method. As far as possible, the
substitution of contract should be allowed if the exporter maintains account with the same bank
or it has the approval of the members of the consortium, if any.
b) The existing packing credit may also be marked-off with proceeds of export documents
against which no packing credit has been drawn by the exporter. However, it is possible that the
exporter might avail of EPC with one bank and submit the documents to another bank. In view of
this possibility, banks may extend such facility after ensuring that the exporter has not availed of
packing credit from another bank against the documents submitted. If any packing credit has
been availed of from another bank, the bank to which the documents are submitted has to ensure
that the proceeds are used to liquidate the packing credit obtained from the first bank.
c) These relaxations should not be extended to transactions of sister / associate / group concerns.