The document summarizes India's export-import (EXIM) policy. It discusses the objectives of EXIM policy as facilitating globalization and promoting productivity and competitiveness. It outlines various export promotion schemes like duty drawback, export promotion capital goods scheme, and duty exemption/remission schemes. It also discusses volumes of EXIM policy, foreign trade policy 2009-2014 which aimed to double India's exports and share in global trade, and highlights incentives introduced or extended like benefits for status holders, income tax exemptions, and enhanced export credit insurance coverage.

1. EXPORT-IMPORT POLICYPRESENTED BY:SANOBER SHIVANI SUNITAVANDANA

2. INTRODUCTIONThroughout knowledge & understanding of the regulatory environment Critical appreciation of a country’s trade policy & regulatory frameworkIt facilitates decisions that are crucial to the development of a successful strategy.

3. Thus EXIM policy influences the following major decisions:Selection of productMarket selectionProduct modification for customization for target marketInternational pricing decisionsInternational market promotion decisionInternational marketing strategy decisions

4. EXIM POLICY OF INDIAIndia EXIM Policy - Foreign Trade Policy.

5. Set of guidance and instruction established by the DGFT in matters related to the import and export of goods in India.

6. Formulated under the Import & Export(control) Act, 1947

7. Now its known as Foreign Trade(Development & Regulation) Act, 1992

8. Headed by Director General of Foreign TradeOBJECTIVES OF EXIM To establish the framework for globalisation.To promote the productivity competitiveness of Indian industry.To encourage the attainment of high & internationally accepted standards of quality.To augment export by facilitating access to raw materials, intermediate components, consumables and capital goods from the international market.To generate new employment.To provide quality consumer products at reasonable prices.

9. VOLUMES OF EXIMEXIM policy is established in 5 volumes:Export-import policy: provisions & schemes related to exports & imports.Handbook of procedures(vol 1): export-import procedures to be followed by parties like exporter, importer, licenser etc.Handbook of procedures(vol 2): input-output norms used for working out the proportion of various inputs used/required in the manufacturing of the resultant products so as to determine the advance license entitlement & DEPB (Duty Exemption Pass Scheme) rates.

10. 4) ITC (HS) Classification of Export & Import Items: it serves as a comprehensive references manual for finding out exportability or importability of products with references to the current exim policy.5) Schedule of DEPB Rates (Vol 5): it provides a complete rate structure of DEPB(Duty Exemption Passbook Scheme).

11. EXPORT PROMOTION SCHEMES & INCENTIVESDUTY DRAWBACK: sec 74 & 75 of Customs Act

12. Defined as the rebate of duty chargeable on any imported or excisable material used in the manufacture of goods exported from India.

13. EXPORT PROMOTION CAPITAL GOODS(EPCG)

14. Introduced in 1990

15. Enable the import of capital goods at concessional rate of duty subject to an appropriate export obligation accepted by the exporter. SCHEMES & INCENTIVESDUTY EXEMPTION SCHEMES

16. Enable duty- free import of inputs required for export production.

17. Consumables like fuel, oil, energy, catalysts, etc. too are included

18. DUTY REMISSION SCHEMES

19. DEPB-introduced in 1997

20. Duty free replenishment certificate(DFRC)-introduced on 1 April 2000; to provide the benefits of advance license on post-export basis. SCHEMES & INCENTIVESASSISTANCE TO STATES FOR INFRASTRUCTURE DEVELOPMENT FOR EXPORTS & OTHER ALLIED ACTIVITIES(ASIDE)

21. The schemes provide an outlay for the development of export infrastructure, which is distributed among the states according to pre-defined criteria.

22. i.e the schemes proposes to provide funds to state govts/union territories for export promotion

23. 20% of funds remain with central govt. & 80% of the funds will be given to state govts/ union territories.SCHEMES & INCENTIVESEXPORT PROMOTION INDUSTRIAL PARK (EPIP) SCHEME

24. EPIP introduced in august 1995 & merged with ASIDE from 1 April 2002.

25. Govt through this scheme provides financial support to create infrastructure for export production.

26. EX: Sitapur (Rajasthan); Bangalore; Chengalpattu(TM); Kundli(Haryana); Medak(AP); Kakkanad(Kerala);etc.

27. CRITICAL INFRASTRUCTURE BALANCE(CIB) SCHEME

28. Introduced in 1996-1997

29. To balance capital investments for removing bottlenecks from the path of development of infrastructure for export production & easy transport. INDIA’S FOREIGN TRADE POLICY 2009-14The Union Commerce Ministry, Government of India announces the integrated FTP in every five year. This is also called EXIM policy. This policy is updated every year with some modifications and new schemes. New schemes come into effect on the first day of financial year i.e. April 1, every year. The Foreign trade Policy which was announced on August 28, 2009 is an integrated policy for the period 2009-14.

30. INDIA’S FOREIGN TRADE POLICY 2009-141. To arrest and reverse declining trend of exports which will be reviewed after every two years. 2. To Double India's exports of goods and services by 2014. 3. To double India's share in global merchandise trade by 2020 (long term aim). India's share in Global merchandise exports was 1.45% in 2008.Objectives

31. INDIA’S FOREIGN TRADE POLICY 2009-144. Simplification of the application procedure for availing various benefits 5. To set in motion the strategies and policy measures which catalyze the growth of exports 6. To encourage exports through a "mix of measures including fiscal incentives, institutional changes, procedural rationalization and efforts for enhance market access across the world and diversification of export markets.

32. INDIA’S FOREIGN TRADE POLICY 2009-14Aims at developing export potential, improving exportperformance, boosting foreign trade and earning valuable foreign exchange(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.Aim in General

33. INDIA’S FOREIGN TRADE POLICY 2009-14Export Target : $ 200 Billion for 2010-11 Export Growth Target: 15 % for next two year and 25 % thereafter.Targets:

34. INDIA’S FOREIGN TRADE POLICY 2009-14Re-fixation of Annual Average Export Obligation: Taking into account the decline in exports, the facility of Re-fixation 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 2009-14. Support for Green products and products from North East extended.EPCG Scheme:1. Obligation under EPCG(Export Promotion Capital Goods) scheme relaxed. 2. To aid technological up gradation of export sector, EPCG Scheme at Zero Duty has been introduced. 3. Export obligation on import of spares, moulds etc. under EPCG Scheme has been reduced by 50%.

35. INDIA’S FOREIGN TRADE POLICY 2009-141. 26 new markets added under Focus Market Scheme(FMS); 16 in Latin America & 10 in Asia-Oceania).2. Incentives under FMS raised from 2.5 % to 3 % 3. Incentive available under Focus Product Scheme (FPS) raised from 1.25% to 2%. 4.Extra products included in the scope of benefits under FPSHigher support for market & product diversification

36. INDIA’S FOREIGN TRADE POLICY 2009-145. Market Linked Focus Product Scheme (MLFPS) expanded by inclusion of products like pharmaceuticals, textile fabrics, rubber products, glass products, auto components, motor cars, bicycle and its parts.etc. (However , benefits to these products will be provided, if exports are made to 13 identified markets (Algeria, Egypt, Kenya, Nigeria, South Africa, Tanzania, Brazil, Mexico, Ukraine, Vietnam, Cambodia, Australia and New Zealand). 6. Focus Product Scheme benefit extended for export of ‘green products 'and some products from the North East. 7. A common simplified application form has been introduced to apply for the benefits under FPS, FMS, MLFPS and VKGUY.

37. INDIA’S FOREIGN TRADE POLICY 2009-14Announcements for MDA & MAI:Higher allocation for Market Development Assistance (MDA) and Market Access Initiative (MAI) has been announced.Towns of Export Excellence (TEE)The following cities have been recognized as towns of export excellence (TEE)Handicrafts : Jaipur, Srinagar and AnantnagLeather Products : Kanpur,Dewas and AmburHorticultural Products: Malihabad

38. INDIA’S FOREIGN TRADE POLICY 2009-14Scheme for Status Holders (Status Holders means star status holders)1. Additional Duty Credit Scrip's shall be given to Status Holders @ 1% of the FOB value of past exports accelerate exports and encourage technological up gradation. 2. This facility shall be available for sectors of leather (excluding finished leather), textiles and jute, handicrafts, engineering (excluding Iron & steel & non-ferrous metals in primary and intermediate form, automobiles & two wheelers, nuclear reactors & parts, and ships, boats and floating structures), plastics and basic chemicals (excluding pharma products).