labels: economy - general, trade, governance
Highlights of Foreign Trade Policy for 2004-2009 news
03 September 2004
  • Big push to exports to garner 1.5 per cent of the world share by 2009.
  • FDI permitted up to 100 per cent to establish and develop free trade and warehousing zones.
  • New scheme to boost exports of fruits, vegetables, flowers and minor forest produce.
  • Duty-free import of capital goods under EPCG scheme for agriculture sector.
  • Import of seeds, bulbs and tubers liberalised.
  • "Target Plus" scheme to accelerate growth of exports
  • EOUs exempted from service tax.
  • EOUs permitted to retain 100 per cent export earnings.
  • DEPB scheme retained till replaced by a new one.
  • Restrictions on importing second hand capital goods lifted.
  • Validity of licences of various schemes increased to uniform 24 months.
  • Import of gold of 18 carat and above allowed under replenishment scheme.
  • Duty-free import of specified items for leather sector raised to 5 per cent of f.o.b. value of exports.
  • "Served from India" scheme to accelerate growth in export of services.
  • An exclusive service export promotion council to be set up.


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Highlights of Foreign Trade Policy for 2004-2009