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7/31/2019 FTP 2009-14
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7/31/2019 FTP 2009-14
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INDIAS FOREIGN TRADE POLICY 2009-14
The Union Commerce Ministry,Government of India announcesthe integrated Foreign Trade
Policy FTP in every five year. Thisis also called EXIM policy. Thispolicy is updated every year withsome modifications and newschemes. New schemes comeinto effect on the first day offinancial year i.e. April 1, every
year. The Foreign tradePolicy which was announced onAugust 28, 2009 is an integratedpolicy for the period 2009-14.
What is Foreign Trade Policy?
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INDIAS FOREIGN TRADE POLICY 2009-14
To arrest and reverse decliningtrend of exports is the main aimof the policy. This aim will bereviewed after two years.
To Double India's exports ofgoods and services by 2014.
To double India's share in globalmerchandise trade by 2020 as a
long term aim of this policy.India's share in Globalmerchandise exports was 1.45%in 2008.
Objectives of Foreign TradePolicy 2009-14
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INDIAS FOREIGN TRADE POLICY 2009-14
Simplification of the applicationprocedure for availing variousbenefits
To set in motion the strategiesand policy measures whichcatalyze the growth of exports
To encourage exports through a"mix of measures including fiscal
incentives, institutional changes,procedural rationalization andefforts to enhance market accessacross the world anddiversification of export markets.
Objectives of Foreign TradePolicy 2009-14
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INDIAS FOREIGN TRADE POLICY 2009-14
Stable Policy environment
Fiscal Incentives
Diversification of Export Markets
Procedural Rationalization
Institutional Changes
Strategies
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INDIAS FOREIGN TRADE POLICY 2009-14
Special Focus Initiatives
Import/Export Provisions
Promotional Measures
Duty Exemption & Remission Schemes
EPCG Scheme
Export Oriented Units (EOUS), Electronics Hardware Technology
Parks (EHTPS), Software Technology Parks (STPS) and Bio-
Technology Parks (BTPS)
Components & Schemes
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INDIAS FOREIGN TRADE POLICY 2009-14
Special Economic Zones (SEZ)
Free Trade and Warehousing Zones (FTWZ)
Deemed Exports
Components & Schemes
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SPECIAL FOCUS INITIATIVES
27 new markets included in the ambit of Focus market scheme
(FMS). Incentive available under FMS raised from 2.5% to 3%.
Number of countries under FMS are 41.
Incentive available under Focus Product Scheme (FPS) raised
from 1.25% to 2%.
Market Linked Focus Product Scheme (MLFPS) expanded by
inclusion of new items to specified countries.
Support for Market & Product diversification
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SPECIAL FOCUS INITIATIVES
Firozabad for Glassware.
Bhubnaeshwar for Marine products.
Agartala for Bamboo & Cane Products.
Jaipur, Srinagar & Anantnag for Handicrafts.
Kanpur, Dewas & Ambur for Leather Products.
Malihabad for Horticultural Products.
Towns of Export Excellence (TEE)
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SPECIAL FOCUS INITIATIVES
2% bonus benefits under Focus
Product Scheme. Re-export of unsold imported raw
hides, skins & semi finished leather
is allowed from public bonded
warehouses without any paymentof Export Duty.
Leather Industry
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SPECIAL FOCUS INITIATIVES
Vishesh Krishi & Gram Udyog Yojana (VKGUY)
Import of Pesticides permitted under advance authorization forAgro Exports.
Introduction of a single window system to facilitate export of
perishable agricultural produce with an aim to reduce transaction
and handling cost.
Agriculture Industry
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SPECIAL FOCUS INITIATIVES
Import of gold of 8 k and above is allowed subject to import being
accompanied by an Assay Certificate specifying purity, weight andalloy content.
Duty Free Import Entitlement (based on FOB value of exports
during previous financial year) of Consumables and Tools, for:
Jewellery made out of:(a) Precious metals (other than Gold & Platinum) 2%
(b) Gold and Platinum 1%
(c ) Rhodium finished Silver 3%
Cut and Polished Diamonds1%
Gems & Jewellary
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EXPORT PROMOTION CAPITAL GOODS SCHEME
Allows import of capital goods for pre-production, production and
post-production at zero customs duty Subject to an export obligation equivalent to 6 times of the duty
saved, to be fulfilled in 6 years reckoned from authorization issue
date.
Zero Duty EPCG Scheme
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EXPORT PROMOTION CAPITAL GOODS SCHEME
Allows import of capital goods for pre-production, production and
post-production at 3% customs duty Subject to an export obligation equivalent to 8 times of the duty
saved, to be fulfilled in 8 years reckoned from authorization issue
date.
Concessional 3% Duty EPCG Scheme