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2013-14 Foreign Trade Policy Updates

The document outlines various measures in India's 2013-14 Foreign Trade Policy to promote exports and ease of doing business. It reduces land area requirements for special economic zones, permits IT/ITES zones without minimum land, and allows SEZ unit ownership transfers. It harmonizes duty exemption programs and widens interest subvention schemes for exporters. The policy also adds markets to focus programs, eliminates physical documentation, and expands electronic data interchange initiatives to streamline export processes.

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Navneet Gera
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60 views9 pages

2013-14 Foreign Trade Policy Updates

The document outlines various measures in India's 2013-14 Foreign Trade Policy to promote exports and ease of doing business. It reduces land area requirements for special economic zones, permits IT/ITES zones without minimum land, and allows SEZ unit ownership transfers. It harmonizes duty exemption programs and widens interest subvention schemes for exporters. The policy also adds markets to focus programs, eliminates physical documentation, and expands electronic data interchange initiatives to streamline export processes.

Uploaded by

Navneet Gera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

FOREIGN TRADE POLICY

2013-14

MEASURES TO REVIVE INVESTORS INTEREST IN


SEZS

In 2013-14 it is decided to reduce the Minimum


Land Area Requirement by half.

For Multi-product SEZ from 1000 hectares to


500 hectares and for Sector-specific SEZ from
existing 100 hectares to 50 hectares.

IT EXPORTS

Exports from IT SEZs during financial year 2012-13


have exceeded Rs. 1.40 lakh crore registering a
growth of over 70% over the previous years
exports.
No minimum land requirement for setting up an
IT/ITES SEZ. Only the minimum built up area
criteria would be required to be met by the SEZ
developers.
It has now been decided to permit transfer of ownership
of SEZ units, including sale.

ZERO DUTY EXPORT PROMOTION CAPITAL GOODS


(EPCG) SCHEME

Government
has
decided
to
harmonize Zero Duty EPCG and 3%
EPCG Scheme into one scheme
which will be a Zero Duty EPCG
Scheme covering all sectors.

WIDENING OF INTEREST SUBVENTION SCHEME

At present, 2% interest subvention scheme is


available to certain specific sectors like
Handicrafts, Handlooms, Carpets, Readymade
Garments, Processed Agricultural Products,
Sports Goods and Toys.
The scheme had been further widened to
include 134 sub-sectors of engineering sector.
Government had also announced that the
benefit of this scheme of 2% interest
subvention could be available upto 31.03.2014.

MARKET AND PRODUCT DIVERSIFICATION

Norway has been added under Focus


Market Scheme and Venezuela has
been added under Special Focus Market
Scheme.
The total number of countries under
Focus Market Scheme and Special
Focus Market Scheme becomes 125
and 50 respectively.

EASE OF DOCUMENTATION AND


PROCEDURAL SIMPLIFICATION

Submission of physical copies of IEC and


Registration-cum-Membership
Certificate
(RCMC) with individual application has been
dispensed with.
It has been decided to dispense with
submission of hard copy of EP copy of shipping
bills in case of (a) advance authorization, (b)
duty free import authorization for grant of
Export Obligation Discharge Certificate (EODC)
if exports are made through EDI ports.

ELECTRONIC DATA INTERCHANGE INITIATIVES

Exporters can file Export Obligation


Discharge
Certificate
(EODC)
applications online, as transmission of
two key documents (shipping bill from
Customs and e-BRC from Banks)
relating to Advance Authorization and
EPCG
Authorizations
in
secured
electronic format to DGFT has been
established.

ELECTRONIC DATA INTERCHANGE INITIATIVES

With online EODC, exporter can


complete the formalities at DGFT online
and may get quick clearances at the
Customs on account of e-transmission
of EODC from DGFT to Customs.
System
for
Online
issuance
of
Registration Certificate for export of
Cotton, Cotton Yarn, Non Basmati Rice,
Wheat and Sugar has been introduced.

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