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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: 30-11-2015
Customs Notification No 135/2015 (NT)
Fixation of Tariff Value Notification amending Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001

Date: 30-11-2015
RBI/2015-16/255 A.P. (DIR Series) Circular No.32
External Commercial Borrowings (ECB) Policy – Revised framework

Date: 27-11-2015
Systems Alert for monitoring realisation of export proceeds in EDI under the BRC Module for ICES (introduced in year 2009) and the new RBI BRC Module introduced under DG (Systems) letter dated 28.8.2014

Date: 26-11-2015
RBI/2015-16/253 A.P. (DIR Series) Circular No.31
Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds

Date: 26-11-2015
RBI/2015-16/249 A.P. (DIR Series) Circular No.30
Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases

Date: 26-11-2015
RBI/2015-16/248 A.P. (DIR Series) Circular No. 29
Import of Goods into India – Evidence of Import

Date: 26-11-2015
Service Tax Circular No.189/08/2015–ST
Clarification regarding leviability of service tax in respect of Seed Testing with effect from 01.07.2012

Date: 24-11-2015
Customs Notification No 113/2015 (NT)
Appointment of Common Adjudicating Authority

Date: 24-11-2015
Customs Notification No 114/2015 (NT)
Appointment of Common Adjudicating Authority

Date: 24-11-2015
Customs Notification No 115/2015 (NT)
Appointment of Common Adjudicating Authority

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