PRESENTATION ON Export policy(INDIA)...
It includes "Export policy India 2009-2014,what is Export policy,Aim of Export policy,India's Foreign Trade Policy,FTP 2009-14,Export Promotion Measures,export country comparison"
2. CONTENTS
What is EXPORT?
Who are Involved?
Why do we need
Export?
Foreign Trade
Policy(FTP)
FTP’s Objectives
( 2009-2014)
AIM of the policy
Announcement for
marine sector,
jewellery,leather,
handloom,tea exports
Export Promotion
Measures
Export Promotion
Schemes
Country Comparison-
Exports
References
3. What is Export ?
Goods produced in one country are sent to other
countries for sale is termed as export.
Export is also the foreign demand for goods
produced by the home country.
Domestic producer foreign consumers.
4. WHO ARE INVOLVED?
Exporter (individuals or businesses)
Ministry of Banks
Foreign Trade
Customs Administration
Customs Transport Agent
5. WHY DO WE NEED EXPORT?
A developing country like India with its fast
growing agricultural production to keep pace
with the population growth & growing Industrial
infrastructure needs high-import and this can be
sustained only with fast export growth.
6. INDIA’S FOREIGN
TRADE POLICY(FTP)
Formulated under the Import & Export(control) Act, 1947
Now its known as Foreign Trade(Development &
Regulation) Act, 1992
Headed by Director General of Foreign Trade.
The Union Commerce Ministry, Government of India
announces the integrated FTP in every five years.This is
also called EXIM policy.
This policy is updated every year with some modifications
and new schemes. New schemes come into effect on the
first day of financial year i.e. April 1. The Foreign trade
Policy which was announced on August 28, 2009 is an
integrated policy for the period 2009-14.
7. INDIA’S FOREIGN TRADE POLICY (2009-14)
OBJECTIVES
1. To arrest and reverse declining trend of exports which
will be reviewed after every two years.
2. To Double India's exports of goods and services by
2014.
3. To double India's share in global merchandise trade by
2020 (long term aim). India's share in Global
merchandise exports was 1.45% in 2008.
8. INDIA’S FOREIGN TRADE POLICY (2009-14)
OBJECTIVES (CONT..)
4. Simplification of the application procedure for availing
various benefits.
5. To set in motion the strategies and policy measures
which catalyze the growth of exports.
6. To encourage exports through a "mix of measures
including fiscal incentives, institutional changes,
procedural rationalization and efforts for enhancing
market access across the world and diversification of
export markets.
9. AIM OF THE POLICY-
Aims at developing export potential, improving
export performance, boosting foreign trade and
earning valuable foreign exchange(as India's
exports have been battered by the global
recession).
A fall in exports has led to the closure of several
small- and medium-scale export-oriented units,
resulting in large-scale unemployment.
10. ANNOUNCEMENT FOR MARINE
SECTOR
Fisheries exempted from maintenance of average
EO under EPCG Scheme (along with 7 sectors)
however Fishing Trawlers, boats, ships, and other
similar items shall not be allowed for this exemption.
Additional flexibility under Target Plus Scheme /
Duty free certificate of Entitlement Scheme for the
marine sector.
11. ANNOUNCEMENTS FOR GEMS &
JEWELLERY SECTOR
Duty Drawbacks is allowed on Gold Jewellery
Exports to neutralize duty incidence.
Plan to establish “Diamond Bourse (s ) with an aim to
make India an International Trading Hub announced.
12. ANNOUNCEMENT FOR LEATHER
EXPORT
On the payment of 50 % applicable export duty,
Leather sector shall be allowed re-export of
unsold imported raw hides and skins and semi
finished leather from public bonded ware
houses.
13. ANNOUNCEMENT FOR HANDLOOM
EXPORTS
The claim under Focus Product Scheme, the
requirement of " Handloom mark" was required
earlier. This has been removed.
14. ANNOUNCEMENTS FOR TEA EXPORTS
The existing Minimum value addition under advance
authorization scheme for export of tea is 100 %. It has
been reduced from the existing 100% to 50%.
DTA (Domestic Tariff Area) sale limit of instant tea
by EOU(Export oriented units) increased from 30% to
50%.
Export of tea has been included under
VKGUY(Vishesh Krishi & Gram Udyog Yojana)
Scheme benefits.
15. EXPORT PROMOTION
MEASURES
The Export Promotion Councils ( EPC’s ) are non-profit
organizations registered under the Companies Act,1956 or
the Societies Registration Act, 1870. They are supported by
financial assistance from the Central Government.
Import Facilitation for Export Production.
Export incentives.
Export production units(EOU’s).
Cash subsidies.
Fiscal Incentives.
Foreign Exchange Facilities.
16. EXPORT PROMOTION SCHEMES
DUTY DRAWBACK: sec 74 & 75 of Customs Act
Defined as the rebate of duty chargeable on any imported
or excisable material used in the manufacture of goods
exported from India.
EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME:
Introduced in 1990 to enable the Indian exporters obtain
capital goods at concessional rates of customs duty
against an obligation,to export the goods manufactured
using the imported capital goods.
17. EXPORT PROMOTION SCHEMES
DUTY EXEMPTION SCHEMES
Enable duty- free import of inputs required for export
production.
Consumables like fuel, oil, energy, catalysts, etc. too are
included.
DUTY REMISSION SCHEMES
DEPB-introduced in 1997; grant of credit on post export
basis as specified percentage of freight on board value of
export made in freely convertible currency
Duty free replenishment certificate(DFRC)-introduced on
1 April 2000; to provide the benefits of advance license on
post-export basis
18. COUNTRY
COMPARISON-
EXPORTS
Rank Country Exports / $
1. CHINA 1,904,000,000,000
2. UNITED STATES 1,497,000,000,000
3. GERMANY 1,408,000,000,000
4. JAPAN 788,000,000,000
5. FRANCE 587,100,000,000