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HIGHLIGHTS OF INDIA'S NEW EXIM POLICY.

AsiaPulse News

| April 02, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, April 2 Asia Pulse - Highlights of new Exim Policy announced on Saturday:

- Quantitative restrictions (QRs) totally dismantled from April one.

- Standing Group to be set up for monitoring import of 300 sensitive items.

- Policy focuses on accelerating export growth to achieve one per cent of global trade by 2004-05.

- Export growth target at 18 per cent for 2001-02.

- Import of new and second hand automobiles allowed, but subject to conditions.

- Exim policy schemes like duty exemption scheme and export promotion capital goods (EPCG) to be applicable to agro- sector.

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