Domestic tariff area Current Affairs, GK & News
1. The EXIM Policy for 2002-07 which came in effect on 1st April, 2002 was the first policy which had to be formulated keeping in view all the commitments India had made under the WTO. In 2001, all quantitative restrictions on imports were removed.2. SEZ:Offshore Banking Units (OBUs) were permitted in SEZs. Detailed guidelines were ..
The objectives and salient features of EXIM policy 1997-20001. To accelerate the country’ s transition to a globally oriented vibrant economy with a view to derive maximum benefits from expanding global market opportunities2. To stimulate sustained economic growth by providing access to essential raw materials intermediates, components, consumables and capital goods required for augmenting production3. ..
Topics: Commercial policy • Customs duties • Domestic tariff area • Duty Entitlement Pass Book • Duty-free shop • Economy • Foreign trade of India • Free-trade zone • International law • International Trade • Tariff • Tax avoidance