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POLICY
HIGHLIGHTS OF FOREIGN
TRADE POLICY 2009-2014-AT
GLANCE:
SPECIAL FOCUS
INITIATIVES:
In the Foreign Trade Policy 2004-09, the concept of
Special Focus Initiatives was introduced sectors with
significant export prospects have been identified as
thrust sectors. FTP 2004-09 announced specific strategies
(termed as “Special Focus initiatives”) such sectors.
The sectors are: Agriculture, Handicraft, Handlooms,
Gems and Jewellery and Leather and Footwear. These
sectors have been given special facilities and incentives
for their growth during the period 2004 to 2009. Here, the
purpose was to export on a massive scale from these
sectors and also to generate employment in these
sectors.
With a view to double our percentage share of global
trade within five years and expanding employment
opportunities, within the country, the focus initiatives of
FTP 2004-09 have been given continuation in the new
Foreign Trade Policy 2009-14.
In addition, the government shall make concerted
efforts to promote exports of these sectors by specific
sectoral strategies that shall be notified from time-to-
time. In order to boost-up exports from various sectors, a
number of sector specific initiatives have been
announced.
The special focus initiatives under the FTP 2009-2014
are as noted below:
(2) Handlooms:
(a) Specific funds are earmarked under Market Access
Initiatives (MAI)/Market Development Assistance (MDA)
Scheme for promoting handloom exports.
(b) Duty free import entitlement of specified trimmings
and embellishment is 5% of FOB value of exports during
previous financial year.
(c) Duty free import entitlement of hand knotted carpets
samples is 1% of FOB value of exports during previous
financial year.
(d) Duty free import of old pieces of hand knotted carpets
on consignment basis for re-export after repair is
permitted.
(e)New towns of export excellence with a threshold limit
of Rs. 150 crore shall be notified.
(f) Machinery and equipment for effluent treatment plants
is exempt from customs duty.
(3)Handicrafts:
(a)Duty free import entitlement of tools, trimmings and
embellishments is 5% of FOB value of exports during
previous financial year.
(b)Handicraft EPC is authorized to import trimmings,
embellishments and consumables for exporters for whom
direct importing may not be viable.
(c)Specific funds are earmarked under Market Access
Initiatives (MAI)/Market Development Assistance (MDA)
Scheme for Handicrafts exports.
(d)Countervailing Duty (CVD) is exempted on duty free
import of trimmings, embellishments and consumables.
(e)New towns of export excellence with a reduced
threshold limit of Rs. 150 crore shall be notified.
(f)Machinery and equipments for effluent treatment
plants are exempt from customs duty.
(g)All handicrafts exports would be treated as special
focus products and entitled to higher incentives.
NEGATIVE LIST OF
EXPORTS:
Reference is made to negative list of items in Exim
Policy. It means a list of items which cannot be
imported or exported freely or banned for imports
and exports. Negative list of exports contain items
which cannot be freely exported. Negative list
includes the following three categories of items:
(a)Prohibited items: This items which are
banned for imports and exports. Such
prohibited/banned items cannot be imported or
exported. Prohibited items include birds, animals
and plants.
(b)Restricted items: Such items can be imported
or exported with the special permission/license
from DFGT. (castles, camels, chemical fertilizers,
etc.)
(c)Canalised items: These are the items which
are to be imported/exported through canalizing
agencies like STC.(Petroleum products, etc.)