Duty Entitlement Pass Book Current Affairs, GK & News

Annual Foreign Trade Policy 2007-08

The Annual Supplement 2007-08 to the National Foreign Trade Policy (2004-09) was announced by Shri Kamal Nath, Union Minister for Commerce & industry on April 19, 2007. 1. Exemption from Service Tax on services (related to exports) rendered abroad: Government has enunciated the principle that we should only export goods and not the taxes and ..


Annual Supplement 2006-07 to Foreign Trade Policy

1. In year 2005-06 India’s merchandise trade grew by 25% from 2004-05 reaching to the new height of $ 101 billion.2. This Annual Supplement of the Foreign Trade Policy 2004-09 was notified on 7 April 2006 by Commerce & Industry Minister Government of India, Mr. Kamal Nath. The Supplement strives to realign the trade strategy ..


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 Benefit of 5% under FPS has been notified for export of Handmade carpets, in ..


Foreign Trade Policy 2004-09

1. The new Foreign Trade Policy of the Union Government was unveiled by the commerce Minister Shri. Kamal Nath on August 31, 2004. With foreign trade largely freed and import duties falling progressively, the policy have necessarily restricted itself to a facilitating role rather. This policy stated, “Trade is not an end in itself , ..


Exim Policy 2002-07 (main points)

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 ..


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