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Click here for Exim Policy 2002-07
Click here for Exim Policy 2003-04


HIGHLIGHTS OF EXIM FACILITATION MEASURES-
EXIM POLICY 2003-2004

Promotional measures

To promote export related infrastructure, rupee payments received for Port handling services admissible for discharge of export obligation under EPCG

To boost R &D activity, import of Prototypes shall be allowed to Actual Users without any limit (presently restricted to 10 nos. per annum)

Boost to Tourism

Heritage Hotels, 1 and 2 star hotels and Stand Alone Restaurants extended the benefits of duty free imports admissible to Tourism Sector.

Import of all kinds of Capital Goods including office and professional equipment allowed under the Duty Free Entitlement scheme. However, import of agriculture/dairy products and cars shall not be permitted.

Duty Free Entitlement Certificate scheme liberalized

Duty Exemption Scheme

To offset the high power costs faced by the manufacturing industry, duty free Fuel shall be allowed to be imported with actual user condition under DFRC.

Sensitive list under DFRC pruned down with downward revision of Custom duties.

Payment of Composition fee for extension of Export Obligation reduced and linked to duty saved amount.

EPCG

NEXUS procedure done away with.

Flexibility to discharge the export obligation not only from export of alternative products manufactured or services rendered by the firm but the scope extended to include exports of products/services by Group Companies also.

Refixation of export obligation of past EPCG licences in line with present Policy i.e. EO to be 8 times the duty saved (instead of 5 times the CIF value).

Deemed Exports

Deemed export facility extended for items having Zero% basic Customs duty.

Deemed export facility extended to Fertiliser & Refinery projects spilled over from 8th and 9th Plan periods.

Removal of Quantitative Restrictions

Imports allowed freely for Gold and Silver

Technical Regulations on Imports

Technical regulations applicable on imports for export production rationalised for food & textile items.

BIS Mandatory Quality Certification scheme on imports amended for importers having captive consumption and in-house testing facilities.

Project Exports

Equity base of ECGC being raised from Rs 500 crores to Rs 800 crores for a better risk management of Indian exporters.

National Export Insurance Account being created for ECGC to underwrite high value projects implemented by Indian Companies abroad. Details will be worked out in consultation with Ministry of Finance.

Gold Card Scheme for credit worthy exporters with good track record for easy availability of export credit on best terms being worked out by RBI.

Back to the EXIM Facilitation measures



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