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P. 1
Final Export Import

Final Export Import

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Published by asifanis

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Published by: asifanis on Jun 09, 2010
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10/11/2010

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Evolution of ExportEvolution of ExportImport PolicyImport Policy
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Introduction:Introduction:--
Trade policy governors exports for and imports into aTrade policy governors exports for and imports into acountry. It is one of the various policy instrumentcountry. It is one of the various policy instrumentused by a country to attended goal of economicused by a country to attended goal of economicdevelopment.development.
The trade policy of export import is formulated by theThe trade policy of export import is formulated by theMinistry of Commerce and Government of India inMinistry of Commerce and Government of India interms of section 5 of Foreign Trade Act, 1992.terms of section 5 of Foreign Trade Act, 1992.
Besides the Government of India also announced onBesides the Government of India also announced onJanuary 30,2002 a Medium Term Export strategy, toJanuary 30,2002 a Medium Term Export strategy, toguide the Export Import Policy.guide the Export Import Policy.
 
Meaning:Meaning:--
The foreign trade of India is guide by the Export ImportThe foreign trade of India is guide by the Export ImportPolicy of Government of India arid is regulated by thePolicy of Government of India arid is regulated by theforeign trade Act 1992.foreign trade Act 1992.
EXIM Policy contains various policy decision taken byEXIM Policy contains various policy decision taken byGovernment in the spheres of foreign trade i. e withGovernment in the spheres of foreign trade i. e withrespect to Export and Import of the Country and morerespect to Export and Import of the Country and moreexport promotion measure policy and procedure relatedexport promotion measure policy and procedure relatedthereto.thereto.
India EXIM Policy, in general, aims at developing exportIndia EXIM Policy, in general, aims at developing exportpotential, improving export performance, encouragingpotential, improving export performance, encouragingforeign trade and creating favorable balance of foreign trade and creating favorable balance of position.position.

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