Interim Exim Policy 2009 – 10

Supplement To Foreign Trade Policy 2004-09 for the year 2009-10 was announced by Commerce Minister Kamal Nath on February 26, 2009.
1. Rupees 325 Crores would be provided under Promotional Schemes for Leather, Textile etc. for exports made with effect from 1.4.09.
2. Benefit of 5% under FPS has been notified for export of Handmade carpets, in lieu of 3.5% benefit allowed earlier under VKGUY Scheme.
3. Technical textiles and stapling machine have been added under Focus Product Scheme. An additional benefit of 2.5% is notified for export of dried vegetables under VKGUY
4. Simplification of DEPB and EPCG schems
5. STCL Limited, Diamond India Limited, MSTC Limited, Gem & Jewellery Export Promotion Council and Star Trading Houses (for gem and jewellery sector) have been added under the list of nominated agencies for the purpose of import of precious metals. Import restrictions on worked corals have been removed to address the grievance of gem and jewellery exporters.
6. Export obligation period against advance authorizations has been extended upto 36 months in view of the present global economic slowdown.
7. In view of the prevailing global slowdown, the threshold limit for recognition as Premier Trading House has now been reduced to Rs.7500 crores.
8. Bhilwara in Rajasthan and Surat in Gujarat have been recognized as Towns of Export Excellence, for textiles and diamonds respectively.
9. Export of blood samples is now permitted without license after obtaining ‘no objection certificate’ from Director General of Health Services (DGHS).
10. Simplified export procedure for issue of Free Sale Certificate.
11. Independent office of DGFT being opened at Srinagar.
12. Krishnapatnam seaport included for the purpose of Export Promotion Scheme.
13. Electronic Message Transfer facility for Advance Authorization and EPCG Scheme established for shipments from EDI ports w.e.f. 1.4.2009. Requirement of hard copy of Shipping Bills dispensed with for Export Obligation discharge.