Review of Exim Policy

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..... Review of Exim Policy - News and Press Release Dated:- 5-12-2014 - News - Export and Import of goods are regulated as per the provisions of Foreign Trade Policy(FTP) . Indian Trade Classification (Harmonisation System) [ ITC (HS) ], 2012 notified under FTP , contains item wise export and import policy of goods which inter alia are covered under four categories namely, prohibited , restric .....

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..... ted , trading through State Trading Enterprises and free . In addition, there are some goods which though are free for import/export, but subjected to conditions stipulated in other Acts or laws for the time being in force. Further, Government also prescribes such other conditions/restrictions, as deemed fit, to regulate export/import of specified goods/ commodities e.g. minimum export/impor .....

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..... t price; quantitative restrictions; port restrictions; quality/standard parameters etc. EXIM Policy of the Government is a dynamic process which is changed/ modified in response to evolving international scenario and domestic conditions. Any change in EXIM Policy of an item is brought about after due consultation/ review by the concerned line Ministry / Department. ITC (HS), 2012 contains mor .....

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..... e than 11000 tariff lines and changes in EXIM policy of items or modifications in conditions of importability/exportability of items are brought about through notifications, as published in the Official Gazette and also uploaded on the DGFT s website ( www.dgft.gov.in ). Details of such reviews in last 3 years [after notification of the ITC (HS), 2012 on 18.4.2012] are as tabulated below: .....

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..... Year 2012-13 2013-14 2014-15* No. of Changes 35 48 18 *Data available as on 30.11.2014 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce Industry Smt. Nirmala Sitharaman in a written reply .....

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..... in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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