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PPT foreign trade policy mr.muthuraj
 

PPT foreign trade policy mr.muthuraj

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    PPT foreign trade policy mr.muthuraj PPT foreign trade policy mr.muthuraj Presentation Transcript

    • FOREIGN TRADE POLICY (27th August 2009-31st March 2014) By R.MUTHURAJ, I.T.S.,JOINT DIRECTOR GENERAL OF FOREIGN TRADE, CHENNAI
    • I.OBJECTIVES OF THE POLICY• TO ACHIEVE AN ANNUAL GROWTH OF 15% FOR THE FIRST 2 YEARS TILL MARCH 2011 WITH AN ANNUAL EXPORT TARGET OF us $ 200 BILLION.• TO ACHIEVE AN ANNUAL GROWTH OF 25% DURING THE REMAINING PERIOD OF THE POLICY 3 YEARS.• BY 2014 TO DOUBLE INDIA’S EXPORT OF GOODS AND SERVICES FROM THE PRESENT LEVEL OF 1.64%
    • II. Foreign Trade Policy• Exports and Imports shall be free, except where regulated by FTP or any other law in force.• ITC (HS) Classification• International Trade Classification (HS)• FREE• RESTRICTED• BANNED
    • III.Importer and Exporter Code No– Application with Rs.250/- as fees.– Certificate from the Banker of the applicant– Self Certified copy of permanent Account Number (PAN)– Two copies of passport size photographs of the applicant– Online Applications may be made through website http://dgft.gov.nic.in
    • IV. Reward/Incentive schemes 1. Focus product Scheme• Objective is to incentives export of such products which have high export intensity / employment potential, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products which includes finished leather and leather prroducts,fireworks,stationery items, handloom, coir products & handicrafts• Entitlement : Exports of notified products (as in Appendix 37D of HBPv1) to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalent to 2 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onward• However, Special Focus Product(s) /sector(s), covered under Table 2 and Table 5 of Appendix 3 7D, shall be granted Duty Credit Scrip equivalent to 5 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards.(Toys & sports goods ,hand made carpets & handicraft products)
    • 2 Focus Market Scheme• Objective : The object of the scheme is to offset high freight cost and other externalities to select international markets with a view to enhance India’s export competitiveness in these Countries.• Exporters of all products to notified countries (as in Appendix 3 7C of HBPv1 as available in website : http://dgft.delhi.nic.in) shall be entitled for Duty Credit Scrip equivalent to 3 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards.• Number of countries : 116• Duty credit scrip and items imported against it would be freely transferable. Duty Credit scrip may be used for import of inputs or goods , provided same is freely importable and /or restricted under ITC(HS)• Duty Credit Scrips can also be used / debited towards payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 and 5 of this Policy. However, penalty / interest shall be required to be paid in cash. Duty Credit Scrips under Chapter 3 of FTP can also be utilized for payment of duty against imports under EPCG scheme provided the item is importable against the scrip.
    • 3.Market Linked Focus Products Scrip (MLFPS):• Export of Products/Sectors of high export intensity/ employment potential (which are not covered under present FPS List) would be incentivized at 2 % of FOB value of exports (in free foreign exchange) under FPS when exported to the Linked Markets (countries), which are not covered in the present FMS list, as notified in Appendix 3 7D of HBPv1, for exports made from 27.8.2009 onwards.
    • 4.VISHESH KRISHI AND GRAM UDYOG YOJANAThe Objective of VKGUY is to promote exports of : (i) Agricultural Produce and their value added products; (ii) Minor Forest Produce and their value added variants; (iii) Gram Udyog Products; (iv) Forest Based Products; and (v) Other Products, as notified from time to time. Such products shall be listed in appendix 3 7A of HBPv1. Duty Credit Scrip benefits are granted with an aim to Compensate high transport costs, and to offset other disadvantages. Exporters, of products notified in Appendix 37A of HBPv1, shall be entitled for Duty Credit Scrip equivalent to 5 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards. However, for exports made w.e.f 27.8.2009, some Flowers, Fruits, Vegetables and other products, as listed in Table 2 of Appendix 3 7A shall be entitled to an additional duty credit scrip equivalent to 2 % of FOB value of exports.
    • 5. SERVED FROM INDIA SCHEME (SFIS)• The Scheme is to accelerate growth in export of services so as to create a powerful and unique ‘Served from India’ brand, instantly recognized and respected world over.• Services include all 161 tradable services covered under General Agreement on Trade in Services (GATS) where payment for such services is received in free foreign exchange. A list of services is given in Appendix 1 0 of HBPv1. (website http://dgft.delhi.nic.in)• Indian Service Providers, of services listed in Appendix 1 0 of HBPv1, who have free foreign exchange earning of at least Rs. 10 Lakhs in preceding financial year / current financial year shall qualify for Duty Credit Scrip.• All Service Providers shall be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during current financial year.• Duty Credit scrip may be used for import of any capital goods including spares office equipment and professional equipment, office furniture and consumables; that are• otherwise freely importable and / or restricted under ITC (HS). Imports shall relate to any service sector business of applicant.
    • 6.STATUS HOLDER INCENTIVE SCRIP• The status holder of the following sectors shall be eligible for this Status Holders Incentive Scrip:-• 1. Leather Sector (excluding finished leather)• 2. Textiles and Jute Sector• 3. Handicrafts• 4. Engineering Sector(excluding Iron & Steel , Non-ferrous Metals in Primary or intermediate forms, Automobiles & two wheelers, nuclear reactor & parts and ships, Boats and Floating Structures)• 5. Plastics• 6. Basic Chemicals(excluding pharma products)• The Status Holders shall also be eligible for the status holders incentive scrip on exports made during 2012-2013
    • V. TECHNOLOGICAL UPGRADATION• Zero duty EPCG scheme allows import of capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at zero Customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date. The scheme will be available for exporters of engineering & electronic products, basic chemicals & pharmaceuticals, apparels & textiles, plastics, handicrafts, chemicals & allied products and leather & leather products.• Concessional 3 % duty EPCG scheme allows import of capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at 3 % Customs duty, subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorization issue date.• For SSI units, import of capital goods at 3 % Customs duty shall be allowed, subject to fulfillment of export obligation equivalent to 6 times of duty saved on capital goods, in 8 years from Authorization issue-date, provided the landed cif value of such imported capital goods under the scheme does not exceed Rs. 50 lakhs and total investment in plant and machinery after such imports does not exceed SSI limit.
    • VI. Duty Exemption & Remission Schemes1.DEPB & Drawback2.Advance Authorisation3.Duty Free Import Authorisations Scheme
    • VII. Deemed Exports1. Schemes2. Benefits I. Advance Authorisation II. Deemed Export Drawback III. Refund of Terminal Excise Duty
    • THANK YOU