Professional Documents
Culture Documents
Batch 2010
Prof M V Monica
Syllabus
• Historical Perspective
• Highlights of Current Policy
• Imports: Classification; Licenses
• Exports: EPCG Scheme
• Other Guidelines
Historical perspective
• World War -II: limited shipping space & so imports were
curbed under Defense of India Rules (DIR)
• Sep 1946
– DIR Lapsed
– Emergency Provisions (Continuance ) Ordinance
• Imports & Exports Control 1947
• EXIM Policy 1985: objectives for Export Promotion, import
substitution, and technological up gradation
• LERMS 1992
• Foreign trade (Development & regulation) Act 1992
• Foreign Trade (regulations) Rules 1993
• Foreign trade (Exemption from application of rules in certain
cases) Order 1993
• Unified Exchange rate system 1993 : ADs & market rate
mechanism
Trade Policies in India
Exim Policies
Streamlined trade procedures
Liberalised import regime
Thrust on export orientation
Medium Term Export Strategy, 2002
1% share in global exports by 2007
Foreign Trade Policy 2004-2009
Double India’s share in global merchandise trade by 2009
stimulate sustained economic growth by providing access to
essential raw materials, intermediates, components, consumables
and capital goods required for augmenting production and
providing services
Enhance the technological strength and efficiency of Indian
agriculture, industry and services, thereby improving their
competitive strength while generating new employment
opportunities and to encourage the attainment of internationally
accepted standards of quality
Provide consumers with good quality goods & services at
internationally competitive prices while at the same time creating
a level playing field for the domestic producers
Foreign Trade Policy 2004-2009
• Pragati Maidan
• Legal aid
• Grievance redressal
• Quality policy
• Board of Trade
Foreign Trade Policy 2004-09