Foreign Trade Policy Of India (2006-2007)

For a lay man Foreign Trade Policy is nothing more than merely government's policy controlling foreign trade, but reality goes much beyond it. Foreign Trade Policy actually refers to the complete framework of laws, regulations, international agreements and negotiating stances adopted by Government to achieve legally binding overseas market access to overseas markets for domestic firms and vice versa. It is a collection of national policies which affect the quantity and value of a nation's exports and imports. Like tariffs, import/export quotas and import/export subsidies. Foreign Trade Policy holds special significance in the economic development of any country and below you will find a comprehensive outlay of India’s Foreign Trade Policy.

1.	Legal Framework
	Special Focus Initiatives Board Of Trade

Legal Framework

Exports and Imports
free unless regulated
Compliance with Laws
Interpretation of Policy
Procedure
Exemption from Policy Procedure
Principles of Restriction
Restricted Goods
Terms and Conditions of a licence/ Certificate
Authorisation/Licence Certificate/Permission
Penalty
State Trading
Importer-Exporterr
Code Numbe
Trade with
Neighbouring Countries
Transit Facility
Trade with Russia under
Actual User Condition
Second Hand Goods
Import of samples
Import of Gifts
Passenger Baggage
Import on Export basis
Re-import of goodsImport of goods used
Sale on High Seas
Import under Lease
Exemption from Bank
Private/ Public Bonded
Warehouses for Imports
Membership Certificate
Trade Facilitation
Fiscal Incentives

3.	Promotional Measures
	Assistance States For Infrastructure Development Ofexports Exports (ASIDE) Market Access Initiative (MAI) Towns Of Export. Brand Promotion And Quality Quality Complaints Trade Disputes Affecting Trade Relations Star Export Houses Services Exports Vishesh Krishi And Gram Udyog Yojana (Special Agriculture And Village Industry Scheme) Focus Market Scheme Focus Product Scheme

4.	Duty Exemption & Remission Schemes
	Duty Exemption And Remission Schemes Re-Import Of Exported Goods Value Addition Advance Authorisation Scheme (Erstwhile Advance Licence Scheme) Duty Free Replenishment Certificate Duty Entitlement Passbook (Depb) Scheme Duty Free Import Authorisation

5.	EXPORT PROMOTION CAPITAL GOODS SCHEME
	EPCG Scheme EPCG for Projects EPCG for Retail Sector Eligibility Conditions for import of Capital Goods Export obligation Provision for BIFR EPCG for agro units Indigenous Sourcing of Capital Goods Domestic Supplier Fixation of Export Obligation Average exports under holder would have to maintain the average level of exports EPCG Fast Track Companies

EXPORT ORIENTED UNITS (EOUs), ELECTRONICS HARDWARE TECHNOLOGY PARKS (EHTPs), SOFTWARE TECHNOLOGY PARKS (STPs) AND BIO-TECHNOLOGY PARKS (BTPs)

Export and Import of Goods
Second Hand Capital
Leasing of Capital Goods
Net Foreign Exchange Earnings (NFE)
Letter of Permission
Investment Criteria
Application & Approvals
DTA Sale of Finished
Waste/ Scrap/ Remnants
and By-product
Other Supplies in DTA
Export through others
Other Entitlements
Inter Unit Transfer
Sub-Contracting
Reconditioning/Repair and Re-engineering
Exit from EOU Scheme.
Conversion
Monitoring of NFE
Duty Free Shops.
Approval for EHTP/STP
Approval of BTP

7.	SPECIAL ECONOMIC ZONES
	FREE TRADE & WAREHOUSING ZONES

8.	Deemed Exports
	Categories of Supply Benefits for Deemed Benefits to the Supplier Eligibility for refund

7.	Definations

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