Ppt On Leather

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Ppt On Leather

  1. 1. TRADE POLICIES AND INDIAN LEATHER INDUSTRY .
  2. 2. Trade Policies in India <ul><li>Exim Policies </li></ul><ul><ul><li>Streamlined trade procedures </li></ul></ul><ul><ul><li>Liberalised import regime </li></ul></ul><ul><ul><li>Thrust on export orientation </li></ul></ul><ul><li>Medium Term Export Strategy, 2002 </li></ul><ul><ul><li>1% share in global exports by 2007 </li></ul></ul><ul><li>Foreign Trade Policy 2004-2009 </li></ul><ul><ul><li>To double India’s share in global merchandise trade by 2009 </li></ul></ul>
  3. 3. Why a foreign trade policy? <ul><li>Legal framework for regulation of International Trade - provided by – Foreign Trade (Development & Regulation) Act, 1992 . </li></ul><ul><li>Objective of the Act : Growth & Regulation of Foreign Trade - Facilitating Imports & Exports. </li></ul><ul><li>Previous Act was – Import & Export (Control) Act, 1947 . </li></ul><ul><li>Shift in the focus – from ‘ Control ’ to ‘ development ’ - due to emphasis on liberalisation & globalisation process as a part of Economic Reforms of 1991. </li></ul>
  4. 4. Shift from FTP to EXIM <ul><li>The new Exim-Policy is essentially a roadmap for the development of India's foreign trade. </li></ul><ul><li>It contains the basic principles and points the direction in which we propose to go. </li></ul><ul><li>Unshackling of controls and creating an atmosphere of trust and transparency to unleash the innate entrepreneurship of our businessmen, industrialists and traders. </li></ul><ul><li>Import of capital goods and equipment, thereby increasing value addition and productivity. </li></ul><ul><li>Activating our Embassies as key players in our export strategy and linking our Commercial Wings abroad </li></ul>
  5. 5. Shift from EXIM to FTP <ul><li>To give a major boost and strategic direction to the manufacturing sector and exports </li></ul><ul><li>To act as an effective instrument of economic growth by giving a thrust to employment generation. </li></ul><ul><li>To double the percentage share of global merchandise trade within five years </li></ul><ul><li>India to be a major gainer from emerging global trends </li></ul><ul><li>A policy of partnership </li></ul>
  6. 6. Features of new FTP <ul><li>FTP focuses on an integrated view for the overall development of country’s foreign trade. </li></ul><ul><li>Special attention is given to agriculture and allied sectors </li></ul><ul><li>New schemes were introduced to boost exports </li></ul><ul><li>The policy has further removed quantitative restrictions from 29 items </li></ul><ul><li>Provides for 100 % FDI to establish free trade zones and ware housing zones </li></ul><ul><li>The central theme of the new policy is while increase in exports is quite important at the same time, to facilitate those imports which are required to stimulate the economy. </li></ul>
  7. 7. EXIM policy and leather industry <ul><li>Duty free import entitlement. </li></ul><ul><li>Machinery and equipment for Effluent Treatment Plants shall be exempt from basic customs duty. </li></ul><ul><li>Re-export of unsuitable imported materials such as raw hides & skins and wet blue leathers is permitted. </li></ul><ul><li>Counter Vailing Duty is exempted on lining and interlining material, on raw tanned and dressed fur skins falling under Chapter 43 of ITC(HS) notified at S.No 168 of Customs Notification No 21/2002 dated 01.03.2002 </li></ul>
  8. 8. Foreign Trade policy and leather industry . <ul><li>New sectoral initiatives for leather industy were: </li></ul><ul><li>For leather industry, duty free entitlements of import trimmings, embellishments and footwear components is increased to 3% of FOB value of exports. </li></ul><ul><li>The machinery and equipment for effluent treatment plants for the leather industry shall be exempt from customs duty. </li></ul><ul><li>(c) Enhancing export from the present Rs.10000 to Rs.20000 crore, and in the process providing overall additional employment to about one million people.  </li></ul><ul><li>  </li></ul>
  9. 9. <ul><li>THANK YOU </li></ul>

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