The document provides an overview of India's Foreign Trade Policy. It discusses the objectives of promoting exports and diversifying India's export basket. Some key points include:
- The Foreign Trade Policy is formulated by the Directorate General of Foreign Trade for a five year period and provides the legal framework and incentives to boost exports.
- Major export promotion schemes under the policy include the Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) which provide export incentives.
- The policy aims to increase India's exports to $900 billion by 2019-20 and raise India's share of world exports from 2% to 3.5%. It also aims to promote ease
#Export Promotion Schemes# By SN Panigrahi
#ExportPromotionSchemes
Export & Import in India is governed by the certain rules and regulation, which are issued by the import-export governing bodies. They are not only Regulating Authorities but also focus Primarily on Promotion of Exports and Long Term Growth of Foreign Trade in a holistic Manner.
#Export Promotion Schemes# By SN Panigrahi
#ExportPromotionSchemes
Export & Import in India is governed by the certain rules and regulation, which are issued by the import-export governing bodies. They are not only Regulating Authorities but also focus Primarily on Promotion of Exports and Long Term Growth of Foreign Trade in a holistic Manner.
If you want to know about India's Foreign Trade Policy this PPT may help you to get some glance. The PPT contains India's trade policy 2015-2020 along with few agreements sign by India. Moreover, efforts made by government to maintain these policy are also given. As agriculture is main occupation in our nation few policy related to it are also mention. However this PPT was made before the new policy of 2021 therefore it does not consist about new policy.
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
If you want to know about India's Foreign Trade Policy this PPT may help you to get some glance. The PPT contains India's trade policy 2015-2020 along with few agreements sign by India. Moreover, efforts made by government to maintain these policy are also given. As agriculture is main occupation in our nation few policy related to it are also mention. However this PPT was made before the new policy of 2021 therefore it does not consist about new policy.
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
5. Composition of Foreign
Trade
• Major Exports and Imports of India
o https://www.statista.com/statistics/263662/export-of-goods-from-india/
• Countries to which we export majorly
• Countries from which we import majorly
o http://pib.nic.in/newsite/PrintRelease.aspx?relid=161020
o http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=IN&Langu
age=F
12 December 2022
Session - Trade Policy 5
6. Indian Trade Statistics
• https://www.indiantradeportal.in/index.jsp?lang=0
12 December 2022
Session - Trade Policy 6
7. Trade Policy
• Trade policy refers to the complete framework of laws,
regulations, international agreements and negotiating
stances adopted by a government to achieve legally
binding market access for domestic firms
- Walter Goode – Dictionary of Trade Policy Terms
FTP provides framework for
• Rules and procedures for exports and imports
• Incentives for promoting exports
12 December 2022
Session - Trade Policy 7
8. Objectives of Foreign Trade
Policy
• Providing a stable and sustainable policy environment for
foreign trade in merchandise and services
• Expanding markets and integrating with major regions for
increasing demand for products
• Promoting diversification of India’s export basket by
helping various sectors of the Indian economy to gain global
competitiveness for promoting exports
• Reduce the trade imbalance and rationalize imports and
create favorable BoP position
• Regulate imports and exports
12 December 2022 Session - Trade Policy 8
9. Foreign Trade Policy (FTP)- India
• Ministry of Commerce and Industry
• FTP is prepared by (Directorate General of Foreign Trade)
DGFT, which is head quartered at New Delhi and supported
by 36 regional offices across India
• DGFT is the notified department to execute the FTP
• DGFT prescribes the forms and procedures (Handbook of
procedures)
• Foreign Trade (Development & Regulation) Act 1992 passed
by the Ministry of Commerce & Industry
• The Foreign Trade Policy 2015-20 is governed by The
Foreign Trade (Development and Regulation) Act, 1992.
• Formulated for a period of five years
12 December 2022 Session - Trade Policy 9
10. Laws Related to Foreign Trade
in India
• Foreign Trade (Development and Regulation) Act, 1992
• Foreign Trade (Regulation) Rules 1993 (DGFT)
• Foreign Trade (Exemption) Order 1993
• Foreign Exchange Management Act 1999 (RBI)
• Customs and Central Excise Duties Drawback Rules
1995 (Central Board)
11. Highlights of the FTP 2015-20
• There are 9 chapters in this policy
• Increase exports to $900 billion by 2019-20, from $466
billion in 2013-14
• Raise India's share in world exports from 2% to 3.5%.
• Merchandise Export from India Scheme (MEIS) and Service
Exports from India Scheme (SEIS) launched.
• Higher level of rewards under MEIS for export items with
High domestic content and value addition.
• Chapter-3 incentives extended to units located in SEZs.
• Export obligation under Export Promotion Capital Goods
(EPCG) scheme reduced to 75% to promote domestic
capital goods manufacturing.
12 December 2022 Session - Trade Policy 11
12. Highlights of the FTP 2015-20
• FTP to be aligned to Make in India, Digital India and Skills India
initiatives.
• Duty credit scrips made freely transferable and usable for
payment of custom duty, excise duty and service tax.
• Export promotion mission to take on board state Governments
• Unlike annual reviews, FTP will be reviewed after two-and-Half
years.
• Zero Defect products with a focus on quality and standards
• Lower tariff on inputs and raw material
• Develop trade infrastructure
• Higher level of support for export of defence, pharma, farm
produce and eco-friendly products.
12 December 2022 Session - Trade Policy 12
14. Foreign Trade Policy
• Legal Framework and Trade facilitation
• General Provisions of EXIM
• MEIS / SEIS scheme
• Duty exemption Scheme (Chapter 4 of FTP)
• EPCG Scheme
• EOU Schemes
• Deemed Exports
• Trade disputes
12 December 2022
Session - Trade Policy 14
15. Overview
• Simplification of multiple schemes to MEIS and SEIS.
• Shift from subsidy to incentive. The policy is a reflection of
gradual shift from incentive based to a reward based one.
• Emphasis on market diversification
• States to emphasis on the export infrastructure as they get
more autonomy in export promotion
• Emphasis on value-added products
• WTO obligations to phase out export subsidies
• Improving FTAs utilization in trade
12 December 2022 Session - Trade Policy 16
16. Overview
• FTP 2015-20 provides a framework for increasing exports of
goods and services as well as generation of employment
and increasing value addition in the country, in line with the
“Make in India”, “Digital India” and “Skill India” programs.
• To arrest the declining trends of exports.
• To encourage exports through a mix of measures including
rationalization and efforts for enhanced market access
across the world and diversification of export markets.
12 December 2022 Session - Trade Policy 17
17. Overview
• Employment creation in manufacturing and services
• Zero defect products with focus on quality and standards
• Stable agricultural trade policy encouraging import of raw
material where required export of processed products
• Focus on higher value addition and technology infusion
• Lower tariffs on inputs and raw materials
• Development of trade infrastructure and provision of
production and export incentives
• Policy review to happen once in 2.5 years instead of every
year
12 December 2022 Session - Trade Policy 18
18. Merchandise Exports from India Scheme (MEIS)
• MEIS is a major export promotion scheme, which seeks to
promote export of notified goods manufactured/produced in
India.
• Currently it covers 7,914 tariff lines.
• MEIS replaces five different schemes – Focus product
scheme, focus market scheme, agri-infra incentive scrip,
Vishesh Krishi and Gram Udyog Yojana
• MEIS incentives are available at 2, 3 and 5 per cent of the
free on board (FOB) value of exports.
• The incentives are issued as duty scrips that can be used for
payment of a number of duties/taxes including the
customs/excise duty/service tax.
• https://www.dgft.gov.in/CP/?opt=meis
20. Service Exports from India Scheme (SEIS)
• A scheme designed to provide rewards to
exporters to offset infrastructural inefficiencies
and associated costs.
• Service exports extend to sectors such as
telecom, entertainment, logistics, accounting
and healthcare over and above ITES.
• The rate of reward under SEIS would be
based on net foreign exchange earned
21. Export Promotion Capital
Goods (EPCG) scheme
EPCG scheme allows import of capital goods including spares
for pre production, production and post production at zero
customs duty subject to an export obligation of 6 times of duty
saved on capital goods imported under EPCG scheme, to be
fulfilled in 6 years reckoned from Authorization issue date.
https://www.indiantradeportal.in/vs.jsp?lang=0&id=0,55,286
12 December 2022 Session - Trade Policy 22
22. Duty Credit Scrips
• It is a pass that allows the holder to import commodities by
not paying a specified amount in import duties.
• It is given to the exporter on attaining a certain amount of
exports
• Following are the main features of duty credit scrip:
o They are issued to exporters.
o The scrip allows duty deduction (non-payment of taxes) of a specified
amount in the scrip.
o The scrip value or tax reduction is expressed as a percentage of
export turnover of the exporter.
o The scrip value usually varies between 3 per cent to 5 per cent under
Foreign Trade Policy 2015.
Source: http://www.indianeconomy.net/splclassroom/16/what-is-duty-
credit-scrip/#sthash.gOthKAYu.dpuf
23. Duty credit scrips
Duty credit scrips to be freely transferable and usable for
payment of custom duty, excise duty and service tax. (a)
All scrips issued under MEIS and SEIS and the goods
imported against these scrips would be fully transferable.
12 December 2022
Session - Trade Policy 24
24. Deemed Exports
"Deemed Exports" refers to those transactions in which the goods
supplied do not leave the country and the payment for such supplies
is received either in Indian rupees or in free foreign exchange.
Supply of goods to
1. Export Oriented Units (EOU).
2. Special Economic Zones (SEZ)
3. Software Technology Parks (STP)
4. Electronic Hardware Technology Parks (EHTP)
5. Bio-technology parks (BTP)
6. Projects financed by multilateral or bilateral agencies/funds as
notified by the Department of Economic Affairs
Etc.
Source: http://dgftcom.nic.in/
12 December 2022 Session - Trade Policy 25
25. Categories of Goods
• Freely Traded Goods (95% of goods)
• Restricted Goods
(4% of goods)
• Canalized Goods
• Prohibited Goods (1% of goods)
12 December 2022 Session - Trade Policy 26
26. Freely Traded Goods
• These goods require any specific trade permissions
though they have to comply with norms and rules
applied to similar goods that are domestically produced
12 December 2022 Session - Trade Policy 27
27. Restricted Goods
• These goods can be exported or imported only with a
licence, in accordance with regulations governing in
this behalf.
• Certain items which cannot be freely traded because of
reasons such as security and can be imported against
permission in accordance with the procedure
prescribed.
• E.g. fire arms, certain fruits and vegetables, certain
animal products
12 December 2022 Session - Trade Policy 28
28. Canalized Goods
• The exclusive privilege of trade is granted by State
Trading Enterprises (STEs) for such items. Private
individuals are not allowed to trade in these items
• E.g. petroleum products, bulk agricultural products
such as vegetable oils, pharmaceutical products
12 December 2022 Session - Trade Policy 29
29. Prohibited Goods
• Banned for trade
• These items cannot be imported or exported
E.g. Antiques, narcotic drugs, exotic birds, wood
and wood products such as logs, timber, pulp,
charcoal etc.
12 December 2022 Session - Trade Policy 30
Forms – ANF – Aayat Niryat Forms
Specific provisions prevail over general provisions
DGFT is governing and facilitating trade
Trade infrastructure - Setting up and up-gradation of infrastructure projects with overwhelming export linkages like the Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, SEZs and ports/airports cargo terminuses. First mile connectivity projects related to export logistics will also be considered
Trade Infrastructure Export Scheme ( launched in 2017)
https://commerce.gov.in/press-releases/launch-of-trade-infrastructure-for-export-scheme-ties/
Trade facilitation agreement -
(WTO) - https://www.tfafacility.org/trade-facilitation-agreement-enters-force
(OECD) - https://www.oecd.org/trade/topics/trade-facilitation/
To check on the site
Compare your country: trade facilitation
Trade facilitation policy simulator
Free on Board - In international shipping, for example, “FOB [name of originating port]” means that the seller (consignor) is responsible for transportation of the goods to the port of shipment and the cost of loading. The buyer (consignee) pays the costs of ocean freight, insurance, unloading, and transportation from the arrival port to the final destination. The seller passes the risk to the buyer when the goods are loaded at the originating port.
Metals & Minerals Trading Corporation of India (MMTC), State Trading Corporation of India (STC), Project & Equipment Corporation of India (PEC)