Export Import Clearance
Export Import Clearance
Export Import Clearance
Introduction:
27th August 2009 Key Objective: Arrest the declining exports and reverse the trend. A multipronged strategy was adopted to provide stability of policy supporting employment intensive sectors. Market diversification strategy under pinned our approach to reach out to non-traditional destinations in Africa, Latin America and Asia.
Targets
1.
2.
EPCG Scheme
1.
2.
3.
Export obligation on import of spares, moulds etc. under EPCG Scheme has been
reduced by 50%.
East extended.
Highlights of the Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 Announcements for FPS, FMS, MLFPS
5. Additional Duty Credit Scrips shall be given to Status Holders @ 1% of the FOB 1. Market Linked Focus Product Scheme (MLFPS) expanded by inclusion of products
value of past exports to accelerate exports and encourage technological upgradation. like pharmaceuticals, textile fabrics, rubber products, glass products, auto
2. This facility shall be available for sectors of leather (However , finished leather), components, motor cars, bicycle and its parts.etc. (excluding benefits to these textiles and jute, be provided, if exports are (excluding Iron & steel & non-ferrous products will handicrafts, engineering made to 13 identified markets (Algeria,
metals in primaryNigeria, South Africa, Tanzania, Brazil, Mexico, Ukraine, Vietnam, Egypt, Kenya, and intermediate form, automobiles & two wheelers, nuclear
reactors & parts, and ships, boats and floating structures), plastics and basic Cambodia, Australia and New Zealand). 6. Focus Product Scheme benefit extended for export of green products and some chemicals (excluding pharma products). 3. Available up to 31 March, 2011. products from the North East. 7. A common simplified Duty Credit scrips being issued to status apply under 4. Transferability for the application form has been introduced to holdersfor the VKGUY Scheme permitted only for the procurement of cold chain equipments. benefits under FPS, FMS, MLFPS and VKGUY.
Highlights of the Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 Announcements for MDA & MAI
Higher allocation for Market Development Assistance (MDA) and Market Access Initiative (MAI) has been announced.
Scheme for Status Holders (Status Holders means star status holders)
1. Additional Duty Credit Scrips shall be given to Status Holders @ 1% of the FOB
Extension of ECGC :
The adjustment assistance scheme initiated in December, 2008 to provide enhanced ECGC cover at 95%, to the adversely affected sectors, is continued till March, 2010.
2. Additional flexibility under Target Plus Scheme (TPS) / Duty Free Certificate of
Entitlement (DFCE) Scheme for the marine sector.
Policy 2009-14
provided a NOC (No Objection Certificate) is issued by Ministry of Sports & Youth
Affairs. (Earlier DGFT Headquarters had to be approached for this)
A Directorate of Trade Remedy Measures shall be set up, which will enable support to Indian industry and exporters, especially the Micro Small & medium Enterprises MSMEs in availing their rights through trade remedy instruments.
(Duty Free Import Authorization) as the present DFRC (Duty Free Replenishment
Card) scheme.
Dollar Credits
There is a provision for state-run banks to provide dollar credits