chapter 5.foreign trade policy

FOREIGN TRADE POLICY

HIGHLIGHTS & IMPLICATIONS OF FTP 2009-14

• Focus product and Focus market schemes• Technological Up gradation• EPCG Relaxations• Green Products from North East• Status Holders• Marine Sector• Gems & Jewellery sector• Agriculture sector• Leather sector• Tea sector• Pharmaceutical Sector• Handloom Sector• Export Oriented sector• Automobile Sector

ELIGIBILITY & PRIVILEGES OF STATUS HOLDER

• ELIGIBILITY : Merchant &

manufacturers exporters Service providers Export oriented units Unit located in SEZ, Agri

export zones Electronic hardware

technology parks, software technology parks

Bio technology parks

• PRIVILEGES : License / certificate / permission

and custom clearance for both import and exports on self declaration basis

Fixation of input – output norms on priority within 60 days

Exemption from compulsory negotiation of documents through banks

100 % retention of foreign exchange account

Enhancement in normal repatriation period from 180 days to 360 days

EXPORT HOUSES & TRADING HOUSES

• Marketing functions• Risks bearing • Exports of SSI items• Product Research• Assistance in Quality • Product introduction• Advising the government• Organizing seminars• Supply of inputs• Training