exim policy
UNIT 7
INDIA'S EXPORT – IMPORT
POLICY
India’s ExportImport Policy
Objectives
This unit helps you to understand :
•
What is trade policy
•
Kinds of trade policy
•
Phases of liberalization in trade policies in the process of economic development
•
Trends in India's exim policies
•
Salient features of Current Export - Import Policy (2002-07)
Structure
7.1
Introduction
7.2
India's Exim Policy : A Backdrop
7.3
The Foreign Trade Regime: Analytical Phases and Changes Over Time
7.4
India's Exim Policy : Phases of Changes
7.5
Export Import Policy 2002-07 : Objectives
7.6
General Provision Regarding Imports and Exports
7.7
Promotional Measures
7.8
Duty Exemption / Remission Scheme
7.9
Export Promotion Capital Goods Scheme
7.10 EOUs, EPZs, EHTPs, STPs
7.11 Deemed Exports
7.12 Summary
7.13 Self-Assessment Questions
7.14 Further Readings
7.1
INTRODUCTION
Export-Import (EXIM) Policy alternatively known as Trade Policy, refers to Policies adopted by a country with reference to exports and imports. Trade; Policy can be free trade policy or protective trade policy. A free trade is one which does not impose any restriction on the exchange of goods and services between different countries. A free trade policy involves complete absence of tariffs, quotas, exchange restrictions, taxes and subsidies on production, factor use and consumption. Though free trade, theoretically, offers several advantages, in reality, particularly underdeveloped countries were at a disadvantage in such a system of international trade. As a result, in the early 20th century, international economy saw the emergence of protective trade policies.
A protective trade policy pursued by a country seeks to maintain a system of trade restrictions with the objective of protecting the domestic economy from the competition of foreign products. Protective trade policy constituted an important plank in
INDIA'S EXPORT – IMPORT
POLICY
India’s ExportImport Policy
Objectives
This unit helps you to understand :
•
What is trade policy
•
Kinds of trade policy
•
Phases of liberalization in trade policies in the process of economic development
•
Trends in India's exim policies
•
Salient features of Current Export - Import Policy (2002-07)
Structure
7.1
Introduction
7.2
India's Exim Policy : A Backdrop
7.3
The Foreign Trade Regime: Analytical Phases and Changes Over Time
7.4
India's Exim Policy : Phases of Changes
7.5
Export Import Policy 2002-07 : Objectives
7.6
General Provision Regarding Imports and Exports
7.7
Promotional Measures
7.8
Duty Exemption / Remission Scheme
7.9
Export Promotion Capital Goods Scheme
7.10 EOUs, EPZs, EHTPs, STPs
7.11 Deemed Exports
7.12 Summary
7.13 Self-Assessment Questions
7.14 Further Readings
7.1
INTRODUCTION
Export-Import (EXIM) Policy alternatively known as Trade Policy, refers to Policies adopted by a country with reference to exports and imports. Trade; Policy can be free trade policy or protective trade policy. A free trade is one which does not impose any restriction on the exchange of goods and services between different countries. A free trade policy involves complete absence of tariffs, quotas, exchange restrictions, taxes and subsidies on production, factor use and consumption. Though free trade, theoretically, offers several advantages, in reality, particularly underdeveloped countries were at a disadvantage in such a system of international trade. As a result, in the early 20th century, international economy saw the emergence of protective trade policies.
A protective trade policy pursued by a country seeks to maintain a system of trade restrictions with the objective of protecting the domestic economy from the competition of foreign products. Protective trade policy constituted an important plank in