PRESENTED BY PROMILA

INTRODUCTION
The Govt. of India , ministry of commerce and industry announces export import policy every five year . The current policy covers the period 2002-2007. The export import policy is updated every year on the 31st of march and the modifications, improvements and new schemes are effective w.e.f. 1st April of every year. The Exim policy deals with the export oriented units and units in special economic zones.

EXIM POLICY
The foreign trade of India is guided by the ExportImport policy of the Government of India.

Regulated by The Foreign Trade Development and Regulation Act 1992.

Exim policy contain various policy decisions with

respect to import and exports from the country. Exim Policy is prepared and announced by the central government. Exim Policy of India aims to developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payment position.

General Objectives of Exim Policy

To establish the framework for globalization. Promote the productivity competitiveness of India

industry. To Encourage the attainment of high and internationally accepted standards of quality. To augment export by facilitating access to raw material, Intermediate, components, consumables and capital goods from the international market. To promote internationally competitive impor t substitution and self-reliance.

CONTINUED
Stimulating sustained economic growth

Enhancing the technological strength and

efficiency Providing consumers with good quality products Encouraging the attainment of internationally accepted standards of quality

Export-Import policy, 1991

In July -august, 1991 the Narasimha Rao government announced certain major reforms in exim policy , 1990 after making some necessary reforms in it. All these reforms strengthened the export incentives, eliminated a considerable volume of import licensing.

MAIN FEATURES OF EXIM POLICY ,1991

Introduction of major change in the import licensing system through the replacement of administered licensing of imports through import entitlement
The new policy strengthened the system of advance license provided to exporters with duty free access to inputs The procedure followed for the import of capital goods was simplified The list of restricted items was reviewed and accordingly 98 items were shifted from the restricted list to limited permissible list and 37 items were also shifted from limited permissible list

to OGL list. (OPEN GENERAL LICENSE)

CONTINUED
The policy permitted export houses , trading

houses and state trading houses to import a wide range of items. Export processing zones and 100% Export oriented units were granted several concessions. The scheme of cash compensatory support was abolished.

MEASURES ADOPTED
The govt. of India adopted number of measures for

encouraging import substitution . The devaluation of rupee in 1966 was an indirect step in this direction. The purchase policy of the supplies department of the govt. has been oriented towards import substitution and the imported purchase of the govt. out of total purchase has declined from 41% during the first plan to 12% only in 1968-69 The policy of import control and tariffs has been also encouraging import substitution since the inception of third plan

CONTINUED
Import duties on machineries , motor vehicle

spare parts , pharmaceutical chemicals have been imposed With the increase in the volume of production and improvement in its quality about 300 items have now been deleted from the (OPEN GENERAL LICENSE) OGL list Steps are being taken to produce more import substitute products .

THANKS