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Posted at 5:50 PM on Monday 4 July 2011
HIGHLIGHTS
New Export and Import 2001-2002

1. AGRICULTURAL EXPORT ZONES

With a view to providing remunerative returns to the farming community in a sustained manner, efforts will be made to provide improved access to the produce/ products of the Agriculture and Allied sectors in the international market.

State Governments may identify product specific Agri export zone for end to end development for export of specific products from a geographically contiguous area. State Government may evolve a comprehensive package of services provided by all State Government Agencies, State Agricultural Universities and all institutions and agencies of the Union Government for intensive delivery in these zones.

Such services would include provision of pre/ post harvest treatment and operations, plant protection, processing, packaging, storage and related research & development, etc. Department of Commerce will supplement, within its schemes and provisions, efforts of State Governments for facilitating such exports.

The service providers; setting up common infrastructural facilities such as sorting, grading, polishing, packaging, cold storage, transport equipment/ refrigerated vans, vapour treatment heat treatment plant, X-ray screening facility etc. shall be entitled for EPCG Scheme.

Agri exporters shall be entitled for recognition as Export House/Trading House/Star Trading House/Super Star Trading House on achieving 1/3rd of the threshold limit prescribed for exporters of goods.

2. MARKET ACCESS INITIATIVE (MAI)

The Government would assist the industry in research & development, market research, specific market and product studies, warehousing and retail marketing infrastructure in select countries and direct market promotion activities through media advertising and buyer seller meets. A plan scheme has been evolved for this purpose.

3. SPECIAL ECONOMIC ZONES

A new Chapter on Special Economic Zones introduced.

Special Economic Zones developers are allowed duty free import/ procurement from DTA for development of SEZ to give a boost for development of integrated infrastructure for exports.

Duty free import/procurement from DTA of goods for setting up of factory in the Zone permitted.

Items reserved for SSI do not require any licence for setting up units in SEZ.

Units in SEZ can bring back their export proceeds in 365 days as against normal period of 180 days and can retain 100% of the proceeds in the EEFC account.

Special Economic Zones trading units permitted to sell goods in the DTA in accordance with the import policy in force.

Subcontracting of part of production abroad permitted.

To facilitate greater flexibility and to attract capital intensive units into Special Economic Zones, amortization of value of imported Capital Goods is being spread over a period of 8 years instead of 5 years at present.

SEZ developer given infrastructure status under Income Tax Act as provided in the Finance Bill, 2001.

4. REMOVAL OF QRs.

The process of removal of import restrictions, which began in 1991, has been completed in a phased manner this year with removal of restrictions on 715 items. Out of these 715, 342 are textile products, 147 are agricultural products including alcoholic beverages and 226 are other manufactured products including automobiles.

Import of agricultural products like wheat, rice, maize, other coarse cereals, copra and coconut oil has been placed in the category of State Trading. The nominated State Trading Enterprise will conduct the imports of these commodities solely as per commercial considerations. Similarly, import of petroleum products including petrol, diesel and ATF has also been placed in the category of State Trading. Import of urea will also be done through the mechanism of State Trading.

Care has been taken to ensure a level playing field to domestic producers vis-à-vis imports. In conformity with the "National Treatment Principle" of GATT, imports have also been made subject to the following domestic regulations:

Import of all food products will be subject to compliance of all the provisions of Food Adulteration Act and Rules thereunder;
Import of meat and poultry products will be subject to compliance of all the provisions of Meat Food Product Order;
Import Tea Waste will be subject to compliance of Tea Waste (Control Order);
No import of textile material using the prohibited dyes like azo dye shall be allowed. For this purpose, a pre-shipment inspection certificate has been made mandatory.

In view of road safety and environment considerations, imports of second hand automobiles have been allowed subject to the following conditions:

Import of autombiles older than three years is not allowed;
Imported vehicles need to conform to Central Motor Vehicle Rules;
Import of left hand drive vehicles not allowed;
For ensuring the requirements, preshipment as well as post shipment certification made mandatory;
Imported automobiles to have a minimum residual life of five years and the importer to ensure supply of spares and service during this period; and
Such imports allowed only through customs port at Mumbai.

Similarly, import of new automobiles allowed subject to following conditions:

Import allowed only from the country of manufacture;
Import of left hand drive vehicles not allowed;
Imported vehicles to conform to the provisions of Motor Vehicles Act, 1988;
Prototype of vehicle to be approved by notified agencies in India; and

To ensure that import of agricultural products do not lead to unwanted infiltration of exotic diseases and pests in the country, it has been decided to subject import of primary products of plant and animal origin to ‘Bio Security & Sanitary and Phyto-Sanitary Permit’ to be issued by Deptt. of Agriculture and Cooperation. This permit will be based on Import Risk Analysis of the product to be conducted on scientific principles, in accordance with the WTO agreement on Application of Sanitary and Phyto-Sanitary Measures.

5. EXPORT PROMOTION CAPITAL GOODS SCHEME

Imports of jigs, fixtures, dies, moulds to be allowed for the full CIF value of the licence instead of restricting to 20% of the CIF value of licence.

Time limit of 180 days prescribed for finalisation of nexus by EPCG Committee failing which the nexus applied by the applicant becomes final.

Extension in export obligation period under EPCG for licences issued during 1990-1996 upto 31.3.2002 upon execution of Bank Guarantee with the licensing authority.

Extension in export obligation period for two years in respect of EPCG issued under Customs notification 29/1997 dated 1.4.97 and 49/2000 dated 27.4.2000.

No penalty for valuewise shortfall under EPCG except for the customs duty together with interest.

Facility for partial fulfilment extended under EPCG scheme to reduce transaction time.

For redemption, the licence holder has been extended the facility to submit either a consolidated statement signed by all banks or separate statements signed by individual banks.
 
   
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