This document summarizes India's export-import policy from 2009-2014, including provisions around exports, imports, and capital account convertibility. Key points include: - Mandatory IEC numbers for exports/imports and restrictions on imports of secondhand goods/capital. - Free exports with some ITC(HS) restrictions and import/export limits on gifts. - Promotional schemes like MAI, Brand Promotion, Towns of Export Excellence, and SFIS to accelerate export growth. - Duty exemption schemes like Advance Authorization and DFIA allow duty-free imports of production inputs.

1. EXIM POLICY & CAPITAL ACCOUNT CONVERTIBILITY (2009-2014)GROUP 4Pallavi Luthra-152Saumya Verma-138Nikhil Sharma-154TonmoyeeGoswami- 40Utsav Gupta- 82DeepikaTyagi- 08Hitesh Mahansaria- 24

2. FLOW OF PRESENTATION

5. Import of Gifts: This shall be permitted where such goods are otherwise freely importable under FTP. In other cases, a Customs Clearance Permit (CCP) shall be required from DGFT. Export of Gifts: Goods, of value not exceeding Rs.5,00,000 / may be exported as a gift. However, items mentioned as restricted for exports in ITC (HS) shall not be exported as a gift, without any authorization. Passenger Baggage: Bonafide household goods and personal effects may be imported as part of passenger baggage as per limits, terms and conditions thereof in Baggage Rules notified. Denomination of Contracts: All export contracts and invoices shall be denominated either in freely convertible currency or Indian rupees but export proceeds shall be realised in freely convertible currency.

6. Single Window System: To reduce transaction and handling costs, and to facilitate export of perishable agricultural products. EDI: DGFT shall move towards an automated environment for electronic filing, retrieval and authentication of documents. With a view to promote use of Information Technology, DGFT will provide fiscal incentives. Free movement of Goods: Consignments of items meant for exports shall not be withheld/ delayed for any reason by any agency of Central /State Government. In case of any doubt, authorities concerned may ask for an undertaking from exporter.

7. Promotional Measures in Department of Commerce ASIDE Formulated to provide the state governments for creating infrastructure for the development and growth of Exports. The specific purposes for which funds are allocated are as follows: 1) Creation of SEZs/Agribusiness units/EPZs 2) Development of complementary infrastructure such as roads connecting the production centres with the ports, setting up of inland container depots. MAI: Financial assistance is available for export promotion. Activities funded under this can be from 25% to 100% i) Market surveys ,setting up of show rooms ii) Brand promotions ,participation in international trade iii) Publicity campaigns etc

11. Geographic regions where economic laws related to export and import are more liberal as compared to rest parts of the country.

12. No license required for import made in SEZ units.

13. Exemption from central sales tax on the sale or purchase of goods and exemption from payment of service tax.

14. Kandla, Gujarat Multi product Mumbai, Maharashtra Electronics and Gems and Jewellery,Noida ,Cochin Special Economic Zone Cochin, Falta Special Economic Zone ,Visakhapatnam SEZ.

15. There are 114 SEZs in India.

18. Payment for such supplies received either in Indian rupees or in free foreign exchange

19. Some categories of supply of goods regarded as “Deemed Exports” under FTP: - Supply of goods against Advance Authorisation - Supply of goods to EOU / STP / EHTP / BTP

20. Export Promotion Capital Goods (EPCG) Scheme

22. SPECIAL FOCUS INITIATIVES

26. CAPITALACCOUNT CONVERTIBILITY

27. What Is Convertibility?

28. Difference Between Current Account and Capital Account Current accountincludes all transactions related to buying foods and services. Rupee is convertible on Current A/C One is free to buy foreign exchange for the purpose of importing goods or services. Capital account includes all capital transactions like taking loans, purchasing foreign assets, FDI, etc. Rupee is convertible on Capital A/C One is free to bring foreign exchange in India to buy assets in India and take foreign exchange outside India to buy assets in foreign countries.

30. What Is Full Capital Account Convertibility?

32. Be it import of

33. raw material,

34. travel abroad,

35. procuring books or

36. paying fees for a ward who pursues higher studies abroad.

37. Be it exporter

38. has to surrender the foreign exchange to RBI and get it converted at a rate pre-determined by RBI.

39. Government eased the movement of foreign currency on trade account.

40. Importers and Exporters need not get permission on a CASE TO CASE basis as was prevalent in the earlier regime.

42. Demerits Of FCAC