Foreign Trade Policy 2009-14

Highlights of Foreign Trade Policy 2009-14

Higher Support for Market and Product Diversification
1. Incentive schemes expanded by way of addition of new products and markets.

  1. 26 new markets have been added under Focus Market Scheme (FMS).
  2. Widens scope for products to be included for benefits under FPS. Additional engineering products, plastic and some electronics get a look in.

6.Market Linked Focus Product Scheme (MLFPS) expanded by inclusion of products like pharmaceuticals, textile fabrics, rubber products, glass products,auto components

  1. Jaipur, Srinagar and Anantnag have been recognised as‘Towns of Export Excellence’ for handicrafts; Kanpur,Dewas and Ambur for leather products; and Malihabad for horticultural products.

Stability/ continuity of the Foreign Trade Policy
17. To impart stability to the Policy regime, Duty Entitlement Passbook (DEPB) Scheme is extended beyond 31-12-2009 till 31.12.2010.

Marine sector
21. Fisheries have been included in the sectors which are exempted from maintenance of average EO under EPCG Scheme, subject to the condition that Fishing Trawlers, boats, ships and other similar items shall not be allowed
to be imported under this provision. This would provide a fillip to the marine sector which has been affected by the present downturn in exports.

  1. Additional flexibility under Target Plus Scheme (TPS) / Duty Free Certificate of Entitlement (DFCE) Scheme for Status Holders has been given to Marine sector.

Gems & Jewellery Sector
23. To neutralize duty incidence on gold Jewellery exports, it has now been decided to allow Duty Drawback on such exports.

  1. In an endeavour to make India a diamond international trading hub, it is planned to establish “Diamond Bourse(s)”.
  2. A new facility to allow import on consignment basis of cut & polished diamonds for the purpose of grading/ certification purposes has been introduced.
  3. To promote export of Gems & Jewellery products, the 13 value limits of personal carriage have been increased from $ 2 million to US$ 5 million in case of participation in overseas exhibitions. The limit in case of personal
    carriage, as samples, for export promotion tours, has also been increased from US$ 0.1 million to US$ 1 million.

Agriculture Sector
27. To reduce transaction and handling costs, a single window system to facilitate export of perishable agricultural produce has been introduced. The system will involve creation of multi-functional nodal agencies to be accredited by APEDA.

Leather Sector
28. Leather sector shall be allowed re-export of unsold imported raw hides and skins and semi finished leather from public bonded ware houses, subject to payment of 50% of the applicable export duty.

  1. Enhancement of FPS rate to 2%, would also significantly benefit the leather sector.

Tea
30. Minimum value addition under advance authorisation scheme for export of tea has been reduced from the existing 100% to 50%.

  1. DTA sale limit of instant tea by EOU units increased from 30% to 50%.
  2. Export of tea has been covered under VKGUY Scheme benefits.

Pharmaceutical Sector
33. Export Obligation Period for advance authorizations issued with 6-APA as input increased from existing 6 months to 36 months.

  1. Pharma sector extensively covered under MLFPS for countries in Africa and Latin America; some countries in Oceania and Far East.

Handloom Sector
35. To simplify claims under FPS, requirement of ‘Handloom Mark’ for availing benefits under FPS has been removed.

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