Annual Supplement (2013-14) to the Foreign Trade
Policy 2009-14 announced by Union Commerce and Industry Minister Mr. Anand Sharma, on 18th April, 2013:
Highlights:
Source: http://commerce.nic.in/pressrelease/pressrelease_detail.asp?id=3011
Highlights:
- Measures to revive investors’ interest in SEZs
- Zero Duty Export Promotion Capital Goods (EPCG) Scheme to cover all sectors
- Widening of Interest Subvention Scheme
- Widening the Scope of Utilization of Duty Credit Scrip
- Market and Product Diversification
- Incremental Exports Incentivisation Scheme extended for the year 2013-14
- Facility to close cases of default in Export Obligation
- Served from India Scheme (SFIS), duty credit scrips shall now be calculated on the basis of net free foreign exchange earned
- VKGUY (Vishesh Krishi Gramin Udyog Yojana) Scheme has been amended
- Status Holder Incentive Scheme (SHIS) not available for the year 2013-14
- Utilization of recredited 4% SAD scrips shall be allowed upto 30.09.13
- Duty free Import Authorization Scheme (DFIA) Amended Import of Cars/ Vehicles allowed at CAD Faridabad and Ennore Port (TN)
- Improvement in quality and timeliness of Foreign Trade Data
- Electronic Data Interchange Initiatives
- Ease of Documentation and procedural simplification
- Widening of items eligible for import for Handloom/ Made ups and Sports Goods
Source: http://commerce.nic.in/pressrelease/pressrelease_detail.asp?id=3011
