Indias Foreign Trade Policy2015-2020Present by Mr. Sushant Katare
About FTP Overall development of countrys foreign tradee.Economic growth and development of nationIncrease double percentage share of global merchandise and employment generation.
INDRODUCATIONCommerce Minister Nirmala Sitharaman introduce FTP (2015-20) Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) to boost outward shipmentsFTP is made product wise and location wise and tried to maximize the foreign trade from the country.
GOALS and OBJECTIVES provide a stable and sustainable policy environment for foreign trade other initiatives such as Make in India, Digital India and Skills Indiato gain global competitiveness increasing the demand for Indias products and contributionTo reduce the trade imbalance
LEGAL FRAMEWORK AND TRADE FACILITATION LEGAL FRAMEWORK Section 5 of the Foreign Trade (Development & Regulation) Act 1992.TRADE FACILITATION -
GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS Importer-Exporter Code / e-IEC
Import / Export Through State Trading Enterprises
Trade with neighboring CountriesImport Policy for Metallic Waste and ScrapsOther Provisions Related to ImportsExport Promotion Councils
EXPORTS FROM INDIA SCHEMES
Merchandise Exports from India Scheme (MEIS)
Service Exports from India Scheme (SEIS)
Common Provisions for Exports from India Schemes (MEIS and SEIS)
DUTY EXEMPTION / REMISSION SCHEMES
Duty Exemption Schemes.
Duty Remission Scheme.
EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME
to facilitate import of capital goods for producing quality goods and services to enhance Indias export competitiveness.EPCG Scheme allows import of capital goods for pre-production, production and post-production at Zero customs duty.
EOU, EHTP, STP & BTP
Objectives of these schemes are to promote exports, enhance foreign exchange earnings, attract investment for export production and employment generation.
QUALITY COMPLAINTS AND TRADE DISPUTES
Exporters need to project a good image of the country abroad to promote exports. Maintaining an enduring relationship with foreign buyers is of utmost importance, and complaints or trade disputes, whenever they arise, need to be settled amicably as soon as possible.