foreign trade policy
TRANSCRIPT
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Presented By-Siddhant Jain
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Introduction
set of guidelines or instruction issued by thecentral government from time to time in thematter related to foreign trade.
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Administration of Policies
DGFT
CBEC
RBI
VAT
CO
-OR
DIN
ATIO
N
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Promotion of Foreign Trade
SFIS
VKGUY
MLFPS
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Served From India Scheme
Objective: accelerate growth in export of services
Incentive: eligible service providersshall be entitled to duty credit scripequivalent to 10% of the net freeforeign exchange earned during currentfinancial year.
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Vishesh Krishi And Gram Udyog Yojana
Objective: To promote exports ofAgricultural products, Minor Forestproducts, Gram Udyog products &Forest Based products
Incentive: Exporters are entitled toduty credit scrip equivalent to 5% - 7%of the FOB value realized.
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Focus Market Scheme
Objective: To offset high freight costand other externalities to selectinternational markets with a view toenhance India’s export competitivenessin these countries.
Incentive: Exporters are entitled toduty credit scrip equivalent to 3% - 4%of the FOB value realized.
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Focus Product Scheme
Objective: To incentivize export of suchproducts which have high exportintensity/employment potential
Incentive: Exporters are entitled toduty credit scrip equivalent to 2% - 5%of the FOB value realized.
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Market Linked Focus Product Scrips
Incentive: Specified Products exportedto specified countries are entitled to2% of the FOB value as duty creditscrip. This scrip can be utilized forpayment of customs duties of all freelyimportable items without the paymentof central excise duty.
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Focus Product Scheme
Incentive: Enable duty free import ofinputs required for export productionADVANCE AUTHORISATION SCHEMEDuty Free Import Authorization Scheme
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Export Promotional Capital Goods
Incentive: Permits exporter to procurecapital goods at concessional rate ofcustom duty/zero custom duty.
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Highlights: FTP 2009-14
1. Objectives were to double our percentage share of global
merchandize trade within 5 years
2. India export in F.Y. 2013-14 fell short of the $325billion
targeted & managed to reach $312.35billion
3. Export stood at $300.4billion in 2012-13 and $307billion in
2011-12
4. Over all export rises by 3.98 % in 2013-14
5. Trade deficit of 138.56 billion dollars that is 25% of last fiscal
levels.
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Facts & Figures
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Facts & Figures
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Expectations: FTP 2014-19
1. Current Beneficial Schemes would continue.
2. Focus changed to Make in India Product
3. Need to boost up Service Exports
4. Coverage of FMS and FPS
5. To be declared as soon as possible.
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