INTRODUCTION

y
The Govt. of India, Ministry of Commerce and Industry
announces Export Import Policyevery five years.The
current policy cover the period 2002-2007.The Export
Import Policy (EXIM Policy) is updatedevery year on the
31st of March and the modifications, improvements and
new schemes are e ffective w .e.f. 1st April ofevery year.
y The Exim policy deals with Export Oriented Units and

dealswith units in the Special Economic Zones.

y Similarly, Govt. of India also release the Hand Book of

Procedures detailing the procedures to be followed ineach

of the schemes covered in the Exim Policy.The Exim Policy
and Hand book of Procedures can be accessed on the
Internet

Why do we need export

y Export means trade across the political boundaries of
different nation.
y No Nation is self sufficient andhad all the goods that it

needs.Thishappens because of climatic variation &

unequal distribution of natural resources.
y As a result, countries all over the worldhave become

interdependent,which necessitated foreign trade.

y A developing country like Indiawith its fast growing

agricultural production to keep pace w ith the population to

keep pace w ith the population growth and growing
Industrial infrastructure
To m eet t he oil import bill, export is unavoidable.
Thus, it is evident that export promotion continues to
be a major thrust area for the government.