This document provides an overview of import, export, and India's import-export (EXIM) policy. It defines import and export, explaining that importers buy goods from other countries while exporters sell goods abroad. The EXIM policy aims to promote India's economic growth and development through foreign trade. Key points covered include the objectives of EXIM policy, import and export procedures, and the role of organizations like the WTO in international trade.
Trade policy governs exports from and imports into a country.
Guided by the Export-Import (EXIM) Policy of the Government of India which is Regulated by the Foreign Trade (Development and Regulation) Act, 1992
It contains various policy with respect to imports and exports i.e. export promotional measures, policies and procedures related thereof. Policy was prepared and announced by the Central Government (Ministry of Commerce and Industry) for every 5 years of span.
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WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
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OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Trade policy governs exports from and imports into a country.
Guided by the Export-Import (EXIM) Policy of the Government of India which is Regulated by the Foreign Trade (Development and Regulation) Act, 1992
It contains various policy with respect to imports and exports i.e. export promotional measures, policies and procedures related thereof. Policy was prepared and announced by the Central Government (Ministry of Commerce and Industry) for every 5 years of span.
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
Foreign Trade Policy, 2023 for MSMEs & StartupsVinit Deo
Union Commerce Minister Shri Piyush Goyal recently released the Foreign Trade Policy 2023 (FTP 23) that aims to bring new territories, products and entrepreneurs in its fold.
FTP 23 changes the focus from giving Incentives to building infrastructure so that even aspirational small exporters in remote areas of the Country can get their goods and services to international markets.
The attached presentation gives an overview of the policy and its impact on MSMEs & Startups.
Your feedback, queries and suggestions are welcome at mdoffice@posiview.in
CA Vinit Deo
CA Prajakta Shetye-Deo
#Posiview #PosiviewVentures #LanguageOfGrowth
#Innovation #Startups #StartupIndia #MSME #ForeignTrade #ForeignInvestment #AtmanirbharBharat #MakeinIndia
The success of export promotions can be judged from the growth of exports and the dynamism of the export sector. An effective export promotion should compensate for the disadvantages of the national exporters and should make the export business profitable enough to lure entrepreneurs to this sector.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
Foreign Trade Policy, 2023 for MSMEs & StartupsVinit Deo
Union Commerce Minister Shri Piyush Goyal recently released the Foreign Trade Policy 2023 (FTP 23) that aims to bring new territories, products and entrepreneurs in its fold.
FTP 23 changes the focus from giving Incentives to building infrastructure so that even aspirational small exporters in remote areas of the Country can get their goods and services to international markets.
The attached presentation gives an overview of the policy and its impact on MSMEs & Startups.
Your feedback, queries and suggestions are welcome at mdoffice@posiview.in
CA Vinit Deo
CA Prajakta Shetye-Deo
#Posiview #PosiviewVentures #LanguageOfGrowth
#Innovation #Startups #StartupIndia #MSME #ForeignTrade #ForeignInvestment #AtmanirbharBharat #MakeinIndia
The success of export promotions can be judged from the growth of exports and the dynamism of the export sector. An effective export promotion should compensate for the disadvantages of the national exporters and should make the export business profitable enough to lure entrepreneurs to this sector.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
The foreign trade of India is guided by the Export Import policy of govt. of India.
Regulated by the foreign trade development and regulatory Act 1992.
Exim policy contain various policy decission with respect to import and export from the country.
It is prepared and announced by the central government.
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2. What is import?
• The word is derived from the conceptual meaning
as to bring in the goods and services into the port of
country.
• The buyer of such goods and services are called
importer.
4. What is export?
• The word is derived from the conceptual meaning
as to send (goods or services) to another country
for sale.
• The seller of such goods and services are called
exporter.
6. Why is it required?
• Grow national economies and expands the global
market.
• Important for businesses and individual consumers.
• Imported products provide a better price
• The more a country exports, the more domestic
economic activity is occurring.
7. History
• Economic contact between Native Americans and
European colonists began in the 16th century and
lasted until the late 19th century.
• India was famous for its textile from Gujarat and
were sent to Arab and South-east Asia.
• Variety of ornamental work in cut stones, ivory,
pearl and tortoise shells were produced in South
India.
• Indian Pearl fishing were very popular in the
European countries.
8.
9. • The chief articles of import were horses, from Kabul
and Arabia, dry fruits and precious stones also
imported glassware from Europe, high grade
textiles like satin from West Asia, while China
supplied raw silk and porcelain.
• Foreign luxury goods wines, dry fruits, precious
stones, corals, scented oils, perfumes and velvets
were exported from royal families.
• In 18th century the British imposed heavy duties on
both imports and exports in order to disrupt the
foreign trade relations of India with the other
countries.
10.
11. • 1962, the Government of India appointed a special
EXIM POLICY.
• Mr.V. P. Singh announced the Exim Policy on the
12th of April, 1985.
• EXIM Policy was introduced for the period of two
years.
• Two phases of EXIM Policy:
Pre 90’s
Post 90’s
12. • Various organisations of Imports and Exports are:
WTO(World Trade Organisation)
IMF(International Monetary Fund)
ADB(Asian Development Bank)
• WTO is major international trade board for
liberalisation.
• WTO came into in the year 1995 jan 1st.
• GATT agreement required to be member of WTO.
• Major part of WTO is FTRB(Foreign Trade Review
Body).
13. • After 1991 EXIM policies were reviewed for every 5
years.
• First policy 1992-1997
1997-2002
2002-2007
2004-2009(change in govt)
• More number of procedures to export Agricultural
products, Handlooms, Handicrafts and textiles.
14. What is Import Export Policy?
• POLICY of India is guided by the Export Import in
known as in short EXIM Policy of the Indian
Government
• EXIM Policy is a set of guidelines and instructions
established by the DGFT in matters related to the
import and export of goods in India.
• DGFT-Directorate General of Foreign Trade
• It is regulated by the Foreign Trade Development
and Regulation Act, 1992.
15. • Trade Policy is prepared and announced by the
Central Government (Ministry of Commerce).
• Foreign Trade Act has replaced the earlier law
known as the imports and Exports (Control) Act
1947.
• Government control import of non-essential items
through the EXIM Policy.
• Policy is announced for a five- year period,
announcing a Policy on March 31st of every year.
• Indian EXIM Policy contains various policy related
decisions taken by the government in the sphere of
Foreign Trade, EXPORT PORMOTIONAL MEASURES.
16. EXPORT PORMOTIONAL MEASURES like
Assistance to State Governments to Infrastructure
Development of Exports (ASIDE)
Market Access Initiative (MAI)
Marketing Development Assistance (MDA)
Meeting Legal
Towns of Export Excellence(TEE)
Brand Promotion Quality
Test Houses
Quality Complaints/Disputes
Trade Disputes Affecting Trade Relations
Export and Trading Houses
17. • Policy is updated every year with some
modifications and new schemes.
Some policies are as follows:
• SIMPLIFICATION & MERGER OF REWARD SCHEMES
• BOOST TO "MAKE IN INDIA“
• TRADE FACILITATION & EASE OF DOING BUSINESS
• Other new Initiatives
18. Objectives of EXIM policy
• To accelerate the economy from low level of
economic activities to high level of economic
activities by making it a globally oriented vibrant
economy and to derive maximum benefits from
expanding global market opportunities.
• To stimulate sustained economic growth by
providing access to essential raw materials,
intermediates, components,' consumables and
capital goods required for augmenting production.
19. • To enhance the techno local strength and efficiency
of Indian agriculture, industry and services, thereby,
improving their competitiveness.
• To generate new employment.
• Opportunities and encourage the attainment of
internationally accepted standards of quality.
• To provide quality consumer products at reasonable
prices.
20. Import procedures
• Trade enquiry
• Procurement of import license
• Obtaining foreign exchange
• Placing the indent
• Dispatching a letter of credit
• Obtaining necessary documents
• Customs formalities and clearing of goods
• Making the payment
22. Conclusion
• EXIM Policies provides policy and strategy of the
government to be followed for promoting exports
and regulating imports.
• Export and import play a significant role in the
economic development of all the developed and
developing economies.
• With the growth of international organisations like
WTO, UNCTAD, ASEAN, etc., world trade is growing
at a very fast rate.