| Commerce
& Industry Minister released the Annual
Supplement of
the Foreign Trade Policy,
2004-09. A brief note on the highlights of the
Supplement are as under: |
| FOREIGN
TRADE POLICY
|
| INDIA'S EXPORTS CROSS MAGIC FIGURE OF US $ 100 BILLION
|
| HIGHLIGHTS:
|
| ·
TWIN SCHEMES OF FOCUS
PRODUCT AND FOCUS MARKET INTRODUCED TO GIVE ADDITIONAL IMPETUS
TO PENETRATION OF STRATEGIC MARKETS.
|
| ·
VISHESH KRISHI UPAJ YOJANA
EXPANDED TO INCLUDE VILLAGE AND COTTAGE INDUSTRIES.
|
| ·
MASSIVE THRUST ON MAKING
INDIA GEMS & JEWELLERY AND
AUTOMOTIVE HUB.
|
| ·
UNREBATED SERVICE TAX AND
FRINGE BENEFIT TAX TO BE FACTORED IN VARIOUS SCHEMES FOR
EXPORTERS.
|
| ·
SUPPLIES TO INTERNATIONAL
FLIGHTS TO BE TREATED AS EXPORTS TO MAKE INDIA MAJOR
REFUELLING STOP.
|
|
·
NEW DUTY FREE IMPORT
AUTHORISATION SCHEME REPLACES DFRC. |
| ·
FLEXIBILITY IN EPCG FOR
MAINTAINING AVERAGE EXPORT PERFORMANCE – FURTHER.
|
| ·
TWO YEARS EXTENSION OF
EXPORT OBLIGATION FULFILMENT PERIOD AS FACILITATION MEASURE.
|
| ·
INTEREST ON DELAYED PAYMENT
ON REFUNDS TO BE PAID BY GOVERNMENT - FAST TRACK CLEARANCE
PROCEDURES FOR EOUs - MAJOR TRADE FACILITATION MOVES BOOST
TO SERVICES EXPORTS.
|
| ·
FOCUS ON EXPORT GROWTH AND
EMPLOYMENT.
|
|
Further
details can be found at the following website: www.dgft.delhi.nic.in
A
copy of the Annual Supplement can be obtained by sending an
email request to indiatradecom@telus.net.
|
