Exim Policy

Definition
 EXIM POLICY [EXPORT IMPORT POLICY] is a set of guidelines and instructions established by DGFT [Directorate general of foreign trade] in matters related to export and import of goods in India.

Exim Policy
 The foreign trade of India is guided by the ExportExportImport policy of the Government of India. India.  Regulated by The Foreign Trade Development and Regulation Act 1992. 1992.  Exim policy contain various policy decisions with respect to import and exports from the country. country.  Exim Policy is prepared and announced by the central government. government.  Exim Policy of India aims to developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payment position. position.
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General Objectives of Exim Policy

 To establish the framework for globalization. globalization.  To promote the productivity competitiveness of Indian Industry. Industry.  To Encourage the attainment of high and internationally accepted standards of quality. quality.  To augment export by facilitating access to raw material,intermediate, components, consumables and capital goods from the international market. market.  To promote internationally competitive import substitution and self-reliance. self-reliance.
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Exim Policy of India 2004-2009 2004 Hon. Shri Kamal Nath minister for commerce and Hon. industry has announced on 31st Aug 2004, Indias 2004, first Exim policy. policy. The duration of the policy from 1st Sept. 2004 to 31st Sept. March 2009. 2009. It takes an integrated view of the overall development of Indias foreign trade. trade. Aim of the policy is to double the global merchandise trade within the policy time period of 5 years
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Objectives of Exim Policy 2004-2009 2004 To double our percentage of share of global merchandise trade within the five year. year.  To act as an effective instrument of economic growth by giving a thrust to employment generation. generation.

Highlights of the New Foreign Trade Policy 20042004-2009

 Special Focus Initiatives: Semi-urban and Rural Area Initiatives: Semi Agriculture : Vishesh Krishi Upaj Yojana and Agri Export
Zones

 Handlooms and Handicrafts: Mark under Market Access Handicrafts:

Initiatives Scheme and Proposed to Start new SEZ. SEZ.

 Gems and Jewellery: Import of gold of 18 carat and above has Jewellery:
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

Implications of The Foreign Trade 2004-09 2004 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.
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 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. market. Develop strategic market access programmes like brand building in co-ordination with sectoral players and recognize conodal bodies of the service industry. industry.

 Implications on Gem and Jewellery Sector :

This is special thrust area in this policy. 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. exports. Exemption on customs duty on equipment for effluent treatment plants would help promoting export form this sector. sector.

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EXIM POLICY
 EXPORT PROMOTION. PROMOTION.

 IMPORT SUBSTITUTION. SUBSTITUTION.

 OTHER MESURES. MESURES.

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EXPORT PROMOTION
DEFINITION: Export promotion is an instrument to earn more foreign exchange to bridge the BOP [balance of payments] gap.

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Schemes.
 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

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EXPORT PROMOTION MEASURES.

1. Organizations - foreign trade. 2. Intensive schemes. 3. Fiscal incentives. 4. Liberalization of exports.

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CONTD..
5. SPECIAL ECONOMIC ZONES (SEZ). (SEZ). 6.EXPORT ORIENTED UNIT (EOU). (EOU). 7.AGRICULTURAL EXPORT ZONES (AEZ). (AEZ). 8.Special rail and shipping facilities. facilities.

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SPECIAL ECONOMIC ZONE(SEZ)

SEZ is an geographical region that has economic laws that are more liberal than a countrys typical economic laws. An SEZ laws. is a trade capacity development tool,with the goal to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology.. technology..

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EXPORT ORIENTED UNIT(EOU).

Was introduced in the year 1980.The purpose of 1980. this scheme was basically to post exports by creating additional production capacity. capacity.

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