Interest subvention of 2% for preshipment credit for export sectors namely, handloom, handicraft, carpet and smes for all. New exim policy or foreign trade policy 2009 2014 highlights issued by dgft india. Exim policy 20102011india exim policy 2011foreign trade. Amendment in import policy conditions under exim code 9022 of chapter 90 of itc hs, 2017, schedulei import policy. India new foreign trade policy 2009 2014 also called indian new exim policy issued by dgft and. Trade policies can be of two types, the free trade policy and.
The foreign trade policy announced by the upa government in 2004 had set two objectives. The following mandatory documents are prescribed for exports and imports of goods frominto india. Exim india is a reputed and allindia recognised premier publishing house. Mission and objectives in the ftp 201520 with foreign trade policy 200914. The features of the foreign trade policy for 200914 which was announced by commerce minister, anand sharma, on thursday are. To promote the productivity, competitiveness of indian industry. To increase export by facilitating access to raw materials, intermediate components, consumables and. The highlights of the indias foreign trade policy 20042009. New foreign trade policy announced for years 20152020.
The trade policies of 200409 and 200914,in these policies it is determined that. Handbook on ha foreign trade policy ndbo and ok o guide to. Indias foreign trade policy 2009 14 linkedin slideshare. The new united progressive alliance upa government at the centre changed the name of exim policy and called it foreign trade policy ftp. India new foreign trade policy 2009 2014 also known as. Highlights annual supplement 20 2014 to the foreign trade. Taking into account the decline in exports, the facility of refixation of annual average export obligation for a particular financial year in which there is decline in exports from the country, has been extended for the 5 year policy period 200914. India new foreign trade policy 2009 2014 also known as indian. Speech by indian commerce minister at the release of annual supplement to ftp 200914 on 18 april 20. Announcing a foreign trade policy in this economic. Incentive schemes have been expanded by way of addition. New foreign trade policy exim policy 20 2014 highlights in pdf. Highlights of foreign trade policy 200914 business.
Such guidelines are established by the director general of foreign trade in matters related to the export and or import of goods in india. The export and import policy or the exim policy, 199297 was a significant landmark in indias economic history. To impart stability to the policy regime, duty entitlement passbook depb scheme is extended beyond 3112 2009 till 31. The upa government has assumed office at a challenging time when the entire world is. To double the percentage share of global merchandize trade within 5 years and. The exim polices are adopted by any country regarding the exports and imports goods and services with other countries in the world. To facilitate sustained growth in exports from india and import in india. Countries across the world have been affected in varying degrees and all major. The unit applied for conversion from duty exemption epcg scheme to eou scheme which was approved vide letter no. Exim policy or foreign trade policy 2009 2014 highlights. The government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 20092014, earlier this policy known as export import exim policy.
Exim policy 20092014 free download as powerpoint presentation. The features of the foreign trade policy for 200914 which was announced by commerce minister, anand sharma. Major highlights of foreign trade policy 200914 taxguru. Highlights of foreign trade policy 20092014 tutorial vskills. In the remaining three years of this foreign trade policy i. Consequently, on august 31, 2004, the commerce and industry minister, mr. The measures comprise fiscal concessions as well as relaxations in. The year 2009 is witnessing one of the most severe global recessions in the postwar period. What are the important features of the foreign trade. Ftp has replaced the nomenclature exportimport policy exim policy. The popular and exporter friendly duty entitlement passbook depb scheme has been extended beyond 31. Foreign trade policy 20092014 annual supplement 2014 highlights. Indias foreign trade policy 200914 the union commerce ministry, government of india announces the integrated foreign trade policy ftp in every five year. Simplification of the application procedure for availing various.
I impex this column is compiled by consultant exim policy. Highlights pf exim policy 200914 final free download as powerpoint presentation. Incentive schemes under chapter 3 have been expanded by way of addition of new products and markets. Higher support for market and product diversification additional benefit of 2% bonus, over and above the existing benefits of 5% 2% under focus product scheme, allowed for about 5 existing products, which have suffered due to recession in exports. Support for green products and products from north east. India export import exim policy or foreign trade policy. New schemes come into effect on the first day of financial year i. Singh, the then commerce minister and pronounced the new exim policy of india on the 12th of april, 1985.
To double indias exports of goods and services by 2014. This would be clear from the following statement in the policy document, trade is not an end in itself, but a means to economic growth and rational. Highlights of the annual supplement 201011 to the foreign trade policy 200914. India new foreign trade policy 2010 2011 highlights. Ftp contains various incentives which are focused on reducing the tax incidences in the production of goods to be exported. Exports and imports shall be free, except where regulated by ftp or any other law in force. Higher support for market and product diversification. The foreign trade policy of india 20092014 your article library. Before looking into the foreign trade policy for the year 20092014, let us first look at the working of the foreign policy for the year 20042009. Countries across the world have been affected in varying degrees and. Essay on indian trade policy exim policy what are the important features of the foreign trade policy 200914. Export contracts and invoices can be denominated in indian rupees against exim bank government of india line of credit. Ftp was supposed to be out on 1st arpil, 2014 but the old policy 200914 was allowed. Aiming to reverse contraction in exports for 10 consecutive months, the new ftp has several measures to ensure a healthy growth of foreign trade.
Eximkey india dgft, customs, excise, export import policy. The new foreign trade policy ftp takes an integrated view of the overall development of indias foreign trade and goes beyond the traditional focus on pure exports. To double indias share in global merchandise trade by 2020 as a long term aim of this policy. Highlights of the annual supplement 201011 to the foreign trade policy 2009 14.
Objectives of foreign trade policy 2009 14 to arrest and reverse declining trend of exports is the main aim of the policy. Following are the some of the highlights of foreign trade policy 20092014. Highlights pf exim policy 200914 final electronic data. Additional benefit of 2% bonus, over and above the existing. For the first time, conscious effort was made to dismantle various protectionist and regulatory policies and accelerate the countrys transition towards a globally oriented economy. Foreign trade policy 200914 foreword the upa government has assumed office at a challenging time when the entire world is facing an unprecedented economic slowdown. I this column is compiled by consultant exim policy of. Interest subvention of 2% for preshipment credit for 7 specified sectors. India new foreign trade policy 2010 india exim policy. Indias foreign trade policy 200914 by cybex exim solution pvt ltd. Export import policy or better known as exim policy or foreign trade policy is a set of guidelines and instructions related to the import and export of goods. This policy is updated every year with some modifications and new schemes.
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