EXIM POLICY OF INDIA

• Mrinal kr Mondal (147)

• Bhawna Mallik (154)
• Shilpi (168)
• SubhakantaPanda (181)
• Laxman Agrawal (183)
• Pravesh Surana (195)
 INTRODUCTION
• EXIM POLICY is a set of guide lines and instructions established by DGFT in
matters related the import and export of goods in India.
• This policy is regulated by Foreign Trade Development and Regulation Act1992.
• Governing body Directorate General Of Foreign Trade.
EXIM POLICY DOCUMENT.
•

• a) Handbook of Procedures Volume-1

• b)Handbook of Procedures Volumes – 2
• c)ITC(HS) Classification of Export-Import Items
•OBJECTIVES OF EXIM POLICY:-

• to accelerate the economy

• to provide excess to essential raw material, intermediate, component
• to enhance techno local strength and efficiency of Indian agriculture, industry and
services
• to generate new employment
• to encourage the attainment of internationally accepted standards of quality
 EXIMPOLICY(1992-1997)
•
• Govt. of India for the first time introduced The Indian Exim policy on April -1,1992.
•
• First time to bring stability and continuity The Exim Policy was made for the duration
five years.
•
• But The Central Government reserves the right to make any amendments to the trade
policy in public interest.
•
• This policy was thought to be a major step towards the economic reforms of India.
•
 EXIM POLICY(1997-2007)
•HIGHLIGHTS OF THE POLICY
• This policy was valid for five years instead of three years.
•LIBERALISATION

• Licensing, quantitative restrictions and other regulatory controls was substantially

eliminated.
•IMPORT LIBERALISATION

• Out of 542 items from the restricted lists 150 items was transferred to Special Import
License(SIL) and remaining 392 items have been transferred to Open General
license(OGL) List .
•EPCG SCHEME

• . Duty on imported capital goods reduced from 15% to 10%.

•ADVANCED LICENCE SCHEME

• Period for export obligation was extended from 12 months to 18 months.

•DEPB SCHEME

• An exporter may apply for credit as a specified percentage of FOB value of exports
made in freely convertible currency. This credit can be utilized for import of raw
materials ,intermediates,components,parts,packaging materials etc…
 IMPACT OF EXIM POLICY(1997-2002)
•GLOBALIZATION OF INDIAN ECONOMY
•AGRICULTURE

• Additional SIL of 1% for export of agro product, allowing EOUs and other units in EPZ
in agriculture sectors to 50%of their outputs in the domestic tariff area (DTA) on
payment of duty.
• 100% Foreign Equity participation In the case of 100% EOU, and units set up in EPZ.
•

QUALITY UP GRADATION
•

• ISO 9000 certification has been increased from 2% to 5% of the FOB value of
exports. This has encouraged industries for R&D program.
•

IMPACT ON SELF RELIANCE

•

•
• This policy encouraged domestic sourcing of raw materials in order to build of a
strong domestic production based.
•

•
 EXIM POLICY(2002-2007)
•SPECIAL ECONOMIC ZONES(SEZ)
•
•EMPLOYMENT ORIENTED

•
• Agriculture
• Cottage Sector and Handy Crafts
• Small Scale industry
• Leather
• Textile
• Gems and Jewellery
•

TECHNOLOGY ORIENTED
•

•
• Electronic hard ware
• Chemical and Pharmaceuticals.
 EXIM POLICY(2004-2009)
• General provisions regarding import and export
•
• Promotional measures.
•
• Duty Exemptions/Remissions schemes.
•
• Export promotion capital goods scheme.
•
• EOU,EHTPS.
•
• Special Economic zones.
•
• Free Trade and Ware housing zones.
•
• Dimmed exports
•
•
 CONCLUSION
• Export grow significantly.
•
• India gains more than 1% of the global export.
•
• Manufacturing sector boosted.
•
• Service industry flourish and bocome one of the key employer.
•
• Increased competitiveness of entire economy.
•
• India poised to become a economic super power and a significant player.
•