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> Policies> economic survey 2000-01
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Economic Survey 2000-2001
[Review of Developments]
Balance of Payments
Trade policy
1.83 Trade policy reforms and changes during 2000-01 included the following :
Peak rate of basic customs duty was reduced from 40 per cent to 35 per cent and the total number of slabs in customs duty rates was rationalised from five to four (i.e. 35, 25, 15 and 5 per cent).
Duty on various items (mostly consumer goods and agriculture products) on which quantitative restrictions have been lifted have been placed at peak rate
(35 per cent plus surcharge) to
accord adequate tariff protection to these items.
Setting up of Special Economic Zones (SEZ) to encourage export production free from the plethora of rules and regulations governing imports and exports.
Evolution of a scheme for granting assistance to States based on their export performance for development of export related infrastructure.
Rationalisation of existing export promotion schemes including abolition of Special Import License (SIL) from April 1, 2001.
Sector specific initiatives to accelerate exports announced for core areas,
Permission to import second hand capital goods which are less than 10 years old without obtaining any license on surrender of SIL.
Deemed export benefits rationalised by extending benefits uniformly to eligible categories and expanding the definition of capital goods.
Dereservation of the garment sector from the purview of SSI reservation in the new textile policy to boost garment exports.
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