Amity School of Business

Amity School of Business
BBA, V Semester International Marketing Prof. Ruchi Khandelwal Export Import Policy
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Amity School of Business Influence of Exim Policy ‡ Selection of Product ‡ Market selection ‡ Product Modification for customization for target market ‡ International Market entry decision ‡ International pricing decision ‡ International market promotion decision ‡ International marketing strategy decision 2 .

including their body parts and products. birds. sandalwood products.Amity School of Business India¶s Export-Import Policy ‡ Import Prohibitions and Restrictions ± Prohibitions on ‡ Tallow. human skeleton etc. ± Restrictions on ‡ Firearms and ammunition. Beef and products containing beef in any form. antlers of deer. rendered of any animal origin. certain medicines and drugs. ‡ Export Prohibitions and Restrictions ± Prohibitions on ‡ Export of wild animals. 3 . fat. poppy seeds and some other products used for the preservation of wildlife and environment. peacock feathers. Animal rennet. wood products. ± Export of restricted items is permitted only after obtaining license from DGFT. certain species of sea shells. tallow. Wild animals. and/or oils. beef. and ivory.

‡ In case of failure to fulfill the export obligation. ‡ Customs Allocation and Central Excise Allocation ‡ All Industry rates and Brand rates ‡ No export obligation ± End-use tariff ‡ Concessional rates of duty on imports of certain items.Amity School of Business India¶s Export-Import Policy ‡ Export Promotion Schemes and Incentives ± Duty Drawback ‡ Rebate of duty chargeable on any imported or excisable material used in the manufacture of goods exported from the country. an exporter has to pay the customs duties saved in proportion of unfulfilled portion of export obligations along with interest at 15%. ± Export Promotion Capital Goods (EPCG) ‡ Import of Capital goods at concessional rates of duty subject to an appropriate export obligation accepted by the exporter. 4 .

through an advance license. ± Advance license for physical exports ± Advance license for intermediate supply ± Advance license for deemed export 5 .Amity School of Business India¶s Export-Import Policy ‡ Export Promotion Schemes and Incentives ± Duty Exemption schemes ‡ Enable duty-free import of inputs required for export production.

6 . Under the DEPB scheme.Amity School of Business India¶s Export-Import Policy ‡ Export Promotion Schemes and Incentives ± Duty Remission Schemes ‡ Enable post-export replenishment of duty on inputs used for export production. ± Duty entitlement passbook scheme (DEPB) : is a Duty Credit Entitlement issued on post-export to neutralize the incidence of Customs duty on the import content of the export product. ± Deemed Exports :"Deemed Exports" refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian rupees or in free foreign exchange. ± Duty free replenishment certificate (DFRC) : provides the benefits of advance license on post-export basis. as a specified percentage of FOB value of exports. an exporter may apply for credit. made in freely convertible currency.

‡ The units in the Zone have to be a net foreign exchange earner but they shall not be subjected to any pre-determined value addition or minimum export performance requirements. ± Software Technology Parks (STPs): same as SEZs ± Electronic Hardware Technology Parks (EHTPs): same as SEZs 7 . availability of technological skills.Amity School of Business India¶s Export-Import Policy ‡ Schemes to promote Export Production and Related Infrastructure ± Special Economic Zones (SEZs) : ‡ Special Economic Zones in the country have been set up to provide an internationally competitive and hassle free environment for exports. ± Agricultural Export Zones (AEZs) ± Export Oriented Units (EOUs): ‡ Complementary to the SEZ scheme. ports of export. ‡ Adopts the same production regime but offers a wide option in locations with reference to factors like source of raw materials. hinterland facilities. existence of an industrial base and the need for a larger area of land for the project.

Super Star Trading Houses ‡ To give recognition to the established exporters and large export houses to build up the marketing infrastructure and expertise required for export promotion. in overseas markets. like. Star Trading Houses. priority finance etc. 8 . trade promotion organizations or exporters in new market ventures overseas.Amity School of Business India¶s Export-Import Policy ‡ Schemes to promote Export Production and Related Infrastructure ± Export houses. Commodity Boards to undertake promotional activities for their products and commodities. ± Assistance to States for Infrastructure Development for Exports and other Allied Activities (ASIDE) ‡ State component of funds ‡ Central Component ± Market Development Assistance (MDA) ‡ Assist EPCs. ‡ They are further entitled to a number of benefits. Trading houses. ± Market Access Initiative (MAI) ‡ Assist export promotion organizations. custom-clearance on self-declaration basis.

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