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    Foreign Trade Policy-2013-14 Annual Supplement Highlights

    Foreign Trade Policy (Exim-Policy) 2009 - 2014

    Annual Supplement of Foreign Trade Policy-2013-2014


    Foreign Trade has gained immense importance in India in the recent years. The export import (exim) policy of India has laid guidelines for India to become a major player in world trade, an all encompassing; comprehensive view needs to be taken for the overall development of the country’s foreign trade. The new exim policy states that reasonableness and consistency among trade and other economic policies is important for maximizing the contribution of such policies to development. The foreign trade policy implies in its preamble that while incorporating the existing practice of enunciating an annual exim policy, it is necessary to go much beyond and take an integrated approach to the developmental requirements of India’s foreign trade.

    The exim policy of India can be viewed at our website which is updated on a regular basis. The import laws of India are governed by the foreign trade policy. All exporters/importers trading from India have to adhere to the foreign exim policies in order to gain benefits on the trade front.


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    What is New?

    Date: 29-06-2016
    Customs Notification No. 91/2016 (NT)
    Exchange Rate notfn. with effect from 30th June, 2016 thereby amending Notfn. 87/2016-Cus (NT)

    Date: 28-06-2016
    Central Excise Notification No. 30/2016 CE (NT)
    Specifies that a person who is registered as a FSD shall not be required to take registration as an importer, and vice versa

    Date: 28-06-2016
    Central Excise Circular No. 1032/20/2016-CX
    Common registration and return for First Stage Dealer and Importer

    Date: 24-06-2016
    Customs Notification No. 89/2016 (NT)
    Exchange Rate notfn. with effect from 25th June, 2016 thereby amending Notfn. 87/2016-Cus (NT)

    Date: 24-06-2016
    Customs Notification No. 90/2016 (NT)
    Rate of Duty Drawback on gold jewellery and silver jewellery/articles - RAte increased subject to conditions - Amendments in Notification No.110/2015-Customs (N.T.), dated the 16th November, 2015

    Date: 24-06-2016
    Customs Circular No. 30/2016
    Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles

    Date: 24-06-2016
    DGFT Notification No. 12/2015-2020
    Prohibition on import of milk and milk products from China.

    Date: 23-06-2016
    Customs Notification No. 88/2016 (NT)
    Exchange Rate notfn. with effect from 24th June, 2016 thereby amending Notfn. 87/2016-Cus (NT)

    Date: 23-06-2016
    Notification No. 27/2016-Customs (ADD)
    Seeks to impose definitive anti-dumping duty on "Poly Vinyl Chloride (PVC) Paste Resin" originating in or exported from Korea RP, Taiwan, China PR, Malaysia, Thailand and European Union for a period of five years.

    Date: 23-06-2016
    Service Tax Notification No. 35/2016 (ST)
    Seeks to exempt taxable services from the whole of Krishi Kalyan Cess leviable thereon with respect to which the invoice for the service has been issued on or before 31st May, 2016 subject to the condition that the provision of the service has been completed on or before 31st May, 2016.



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