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Foreign Trade Policy 2009-14 - Highlights

Source : SIFY
Last Updated: Thu, Aug 27, 2009 08:32 hrs

:: Highlights

- Duty entitlement passbook scheme extended till December 2010

- Extension of sops for export-oriented units till March 2011

- Export target of $200 billion set for 2010-11

- Growth target of 15 percent for next two years, 25 percent thereafter

- Interministerial group to address issues raised by exporters

- Obligation under export promotion capital goods scheme relaxed

- Permission for tax refund scheme for jewellery sector

- No fee on grant of incentives to cut transaction costs

- Steps to help exporters reduce transaction costs

- Plan for diamond bourses in the country

- Single-window scheme for farm exports

- Re-export of unused leather allowed subject to 50 percent duty

- Minimum value addition for tea reduced to 50 percent from 100 percent

- Export units allowed to sell 90 percent of goods in domestic market

- Provision for state- run banks to provide dollar credits

- Twenty-six new markets added to focus market scheme

- Sops under focus market scheme hiked from 2.5 percent to 3 percent

- Number of duty-free samples for exporters raised to 50 pieces from 15

- New directorate of trade remedy measures to be set up

- Zero duty under technology upgrade scheme

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