EXIM POLICY

EXIM POLICY

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  EXIM POLICY
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  CONTENTS  INTRODUCTION &HISTORY OF EXIM POLICY.  IMPACT OF EXIM POLICY.  HIGHLIGHTS OF EXIM POLICY.  LEGAL FRAMEWORK OF EXIM POLICY.  OBJECTIVES OF EXIM POLICY.  INDIAN INTERNATIONAL TRADE AGREEMENT.  TRADE AGREEMENTS.  BALANCE OF PAYMENTS.  IMPACT OF NEW ECONOMIC POLICY ON BOP.
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  INTRODUCTION & HISTORY OF EXIMPOLICY The India's trade policy, announced under the foreign trade development and regulation act 1992.EXIM POLICY- Export and Import policy, would reflect the extent of regulations or liberalization of foreign trade and indicate the measures for export promotion  In 1962, this policy was selected by government of India.  Feature of India's trade policy since 1992 is  Freedom  Licensing  Quantitative restrictions  Other regulatory and discretionary controls have been eliminated the union commerce ministry ,government of India announces the integrated India's trade policy every five year . New schemes come into effect on the first day of financial year,ie.,april 1st every year.
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  IMPACT OF EXIMPOLICY It influences the following areas of economy  Globalization of Indian economy.  Impact on the Indian industry.  Impact on Agriculture.  Impact on Foreign Investment.  Impact on quality up gradation.  Impact on self-Reliance.
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  HIGHLIGHTS OF EXIMPOLICY:  Period of the EXIM policy.  Liberalization  Imports Liberalisation.  Export promotion capital goods scheme.  Advanced Licence scheme.  Duty entitlement pass book scheme.
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  LEGAL FRAME WORK OF EXIMPOLICY  Preamble.  Duration.  Amendments.  Transitional agreements.  Free export import.
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  OBJECTIVES OF EXIMPOLICY  To accelerate the economy from low to high.  To motivate sustained economy growth.  To improve technological strength and efficiency.  To provide quality products and services.
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  ROLE OF EXIMBANK: ROLE OF EXIM BANK FUNDED ASSISTANCE NON FUNDED ASSISTANCE LOANS TO INDIAN COMPANIES LOANS TO FOREIGN COMPANIES & FINANCIAL INSTITUTIONS LOANS TO COMMERICAL BANKS OF INDIA PRODUCTION EQUIPMENT FINANCIAL PROGRAMME EXPORT MARKETING FINANCE EXPORT VENDER DEVELOPMENT
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  INDIAN INTERNATIONAL TRADE AGREEMENT The idea behind the new economic policy known as LPG, was to make the Indian economy one of the fastest growing economies in the world.
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  TRADE AGREEENT TRADE AGREEMENT BILATERAL TRADE AGREEMENT MULTILATE RAL TRADE AGREEMEN T NON CONVERTIABLE CURRENCES CENTRALLY CONTROLED ECONOMICS LACK OFHARD CURRENCY LEGAL BASIS NATURE OF AGREEMENT COST SAVINGS FRAMEWORK OF AGREEMENT
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  BALANCE OF PAYMENTS COMPONENTS OFBOP CURRENT ACCOUNT CAPITAL ACCOUNT OFFICIAL RESERVE ACCOUNT OTHER ITEMS IN BOP
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  IMPACT OF NEWECONOMIC POLICY ON BOP Being India is a deficit country, new economic policy was introduced to share of the current account has been increasing.