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EXIM POLICY

Presented by:
Roll No. 1401061-1401070

EXIM POLICY
The foreign trade of India is guided
by the Export Import policy of govt. of
India.
Regulated by the foreign trade
development and regulatory Act 1992.
Exim policy contain various policy
decision with respect to import and
export from the country.
It is prepared and announced by the
central government.

EXIM Policy is the export import policy of the


government that is announced every five years.
It is also known as the Foreign Trade Policy.
This policy consists of general provisions
regarding exports and imports, promotional
measures, duty exemption schemes, export
promotion schemes, special economic zone
programs and other details for different sectors.
Every year the government announces a
supplement to this policy.
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GENERAL OBJECTVE OF
EXIM POLICY

It aims to developing export potential,


improving export performance,
encourage foreign trade & creating
favourable balance of payment position.
To establish the framework for
globalization.
To promote internationally competitive
import subsitution and self reliance
To encourage the attainment of high &
internationally accepted standards of
quality.
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EXIM POLICY- 2009-2014


The Foreign Trade Policy for the period 2009-2014
was announced on 27th August 2009 at a time when
the world was emerging from the shadow of a
challenging economic period, the worst we have seen
in the last 7 decades.
Economies and markets across the world were in
turmoil, causing sharp contraction in international
trade, adversely impacting global investment flows,
rendering over 50 million people jobless.

The world trade witnessed an unprecedented


contraction of over 12%.
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OBJECTIVES OF 2009-14
The key objective for the Foreign Trade
Policy was to arrest the declining exports
and reverse the trend.
To double Indias exports of goods and
services by 2014.
To double Indias share in global
merchandise trade by 2020 as long term
aim of this policy. Indias share in global
merchandise export was 1.45% in
2008.
Simplification of the application
procedure for availing various benefits.

To set in motion the strategies and


policy measures which catalyse the
growth of exports.

To incourage exports through a mix of


measures including fiscal incentives,
institutional charges, procedural
rationalisation and efforts for enhance
market access around the world and
diversification of export markets.
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AIMS IN GENERAL

The policy aims at developing export


potential , improving export
performance, boosting foreign trade and
earning valuable foreign exchange.FTP
assumes great significance this year as
Indais export have battered by the
global recession.

A fall in exports have led to the closure


of several small and medium-scale
export oriented units, resulting in large
scale unemployment.
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TARGET

Export target : $ 200 billions for 20102011.

Export growth rate :15% for next two


years and 25% there after.

In an endeavour to make India a


diamond international trading hub, it is
planned to establish Diamond
Bourse(s).
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EPCG SCHEME

Obligation under EPCG scheme


relaxed.

To aid technological up gradation of


export sector , EPCG scheme at Zero
Duty has been introduced.

Export obligation on import of spares ,


mould etc. under EPCG Scheme has
reduced by 50%.
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Announcements for
FPS,FMS,MLFPS

26 new market s added in this scheme.

Incentives under FMS raised from


2.5% to 3%.

Incentives available under Focus


Product Scheme(FPS) Raised from
1.25% to 2%.

Extra products included in the scope of


benefits under
FPS.
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ANNOUNCEMENT FOR MARINE


SECTOR

Fisheries exempted from maintenance


of average EO under EPCG Scheme
(along with 7 sectors) however Fishing
Trawlers, boats, ships, and other similar
items shall not be allowed for this
exemption.

Additional flexibility under Target Plus


Scheme / Duty free certificate of
Entitlement Scheme for the marine
sector.
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GEMS AND JEWELLERY


SECTOR

Duty Drawbacks is allowed on Gold


Jewellery Exports to neutralize duty
incidence.

Plan to establish Diamond Bourse (s )


with an aim to make India an
International Trading Hub announced.

Introduction of a new facility to allow


import on consignment basis of cut and
polished diamonds for the purpose of
grading / certification.
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ANNOUNCEMENTS FOR
AGRO EXPORTS

Introduction to a single window


system to facilitate export of
perishable agricultural produce with an
aim to reduce transaction and
handling costing.

This system will involve creation of


multi-functional nodal agencies
.These agencies will be accredited by
APEDA.
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ANNOUNCEMENTS FOR TEA


EXPORTS
The existing minimum value addition
under advance authorisation scheme
for export of tea is 100%. To 50%.
DTA (domestic tarriff area) sales
limit to instant tea by EOU units
increased from 30% to 50 %.
Export of tea has been included
under VKGUY Scheme benefits.

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ANNOUNCEMENT FOR
PHARMA EXPORT

Export Obligation Period for


advance authorization issued
increased from existing 6 months
to 36 months.

Pharma sector included under


MLFPS for countries in Africa and
Latin America and some countries
in Oceania and Far East.
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ANNOUNCEMENT FOR HANDLOOM EXPORTS

The claim under Focus Product Scheme, the


requirement of Handloom mark was
required earlier. This has been removed.

ANNOUNCEMENT FOR AUTOMOBILE


INDUSTRY
Those automobile industries which have R & D
establishment will be allowed free import of
reference fuels upto a maximum of 5
kl/annum,which are not manufactured in India.
Simplification in EPCG for automobile
industry.
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SET UP OF DIRECTORATE OF
TRADE REMEDY MEASURE

A Directorate of Trade Remedy Measure shall be


set up , which will enable support to Indian
industry and exporters , especially the Micro
Small & medium Enterprises MSMEs in availing
their rights through trade remedy instruments.
Restricted items can be imported now against
transferred DFIAs as the present DFRC
scheme.
There is provision for state run banks to provide
dollar credits.
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EXIM BANK

The Export-Import Bank of India The


Export-Import Bank of India, also known
as Exim Bank of India leading export
finance institution in the country.
The bank was set up in the year 1982
under the Export-Import Bank of India
Act 1981.
The bank offers wide-ranging services
for enhancing the prospect of Indian
project exports.
It plays the role of source of financial,
promoter ,coordinator & consultation of
Indias Foreign Trade.
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THANK YOU

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