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 Why do we need exports?

Export means trade across the boundaries of

the nation.

No country is self sufficient hence the

countries all over the world have become
interdependent.
 Exim policy
_ Export import policy (EXIM) or Foreign Trade
Policy is a set of guidelines and instructions
established by the DGFT in matters related to the
import and export of goods in India.
_ The Foreign Trade
Policy of India is guided by the Export Import
known as EXIM Policy of the Indian Government
and is regulated by the Foreign Trade Development
and Regulation Act, 1992.
_ 2istory of Exim Policy of India
In the year 1962, the Government of India
appointed a special Exim Policy Committee to
review the government·s previous export import
policies.
The committee was later on approved by the
Government of India. Mr. V. P. Singh, the then
Commerce Minister and announced the Exim
Policy on the 12th of April, 1985
_ „bjectives „f The Exim Policy : -

_ The main objective of the Government's EXIM

Policy is to promote exports to the maximum
extent.
_ Exports should be promoted in such a manner that
the economy of the country is not affected by
unregulated exportable items specially needed
within the country.
_ To stimulate sustained economic growth by
providing access to essential raw materials,
intermediates, components,' consumables and
capital goods required for augmenting production.
_ To generate new employment „pportunities

_ To Encourage the attainment of internationally

accepted standards of quality.

_ To provide quality consumer products at

reasonable prices.
_ Governing Body of Exim Policy

_ The Government of India announces the Exim

Policy every five years under Section 5 of the
Foreign Trade (Development and Regulation Act),
1992

_ The Exim Policy is updated every year on the 31st

of March and the modifications, improvements
and new schemes became effective from 1st April
of every year.
 INDIA·S F„REIGN TRADE P„ ICY 2009-14

Aim 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 India's
exports have been battered by the global recession.

_ A fall in exports has led to the closure of several

small- and medium-scale export-oriented units,
resulting in large-scale unemployment.
Targets:

Export Target : $ 200

Billion for 2010-11

Export Growth Target:

15 % for next two year
and 25 % thereafter.
 Towns of Export Excellence (TEE)

_ The following cities have been recognized as

towns of export excellence (TEE)
_ 2andicrafts : Jaipur, Srinagar and
Anantnagar
_ eather Products : Kanpur,Dewas and
Ambur
_ 2orticultural Products: Malihabad
 Announcements for
Gems & Jewellery Sector
Duty Drawback is allowed on
Gold Jewellery exports to
neutralize duty incidence.

Plan to establish "Diamond Bourse

(s) with an aim to make India
and International Trading 2ub
announced.

Introduction of a new facility to

allow import on consignment
basis of cut & polished diamonds
for the purpose of grading/
certification.
_ Announcements for Medical Devices

_ To solve the problem of medical device industry, the

procedure for issue of Free Sale Certificate has been
simplified and the validity of the Certificate has been
increased from 1 year to 2 years.

_ Announcements for Automobile Industry

_ Those Automobile industries which have their R&D

establishment will be allowed free import of reference
fuels (petrol and diesel), upto a maximum of 5 K per
annum, which are not manufactured in India.
Simplification in EPCG for automobile industry.
_ Announcements for 2andloom Exports

The claims under

Focus Product Scheme,
the requirement of "
2andloom mark" was
required earlier. This
has been removed.
Announcements for eather Exports :
„n the payment of 50
% applicable export
duty, eather sector
shall be allowed re-
export of unsold
imported raw hides
and skins and semi
finished leather from
public bonded ware
houses.
Thank you
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