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Ramesh Essay

402 words - 2 pages

Business Environment-Unit-V
FEB-2014
Unit-V-EXIM policies & FEMA:
India’s new EXIM policy- legal framework- initiatives, FEMA – Multi-national companies and FDI.Case 1:- RBI Slaped Rs. 125 Crore on Reliance Infrastructure. A Case Study on FEMA, (Dr. VivekMittal, page no.655)
Case2:- China as an Expert Base, (David W. Conklin, page no.574
EXIMPOLICIES
Exim Policy
or
Foreign Trade Policy
is a set of guidelines and instructions established

by the DGFT -
Directorate General of Foreign Trade
, in matters related to the import and export of goods in India. The
Foreign Trade ...view middle of the document...

Foreign Trade 'ct has replaced the earlier law known as the imports and !xports $(ontrol& 'ct )*+.
EXIM Policy
Indian
EXIM Policy
contains arious policy related decisions taken by the goernment in the sphere of Foreign Trade, i.e., with respect to imports and exports from the country and more especially
export promotion mea%ure%
, policies and procedures related thereto. Trade "olicy is prepared and announced by the (entral Goernment $inistry of (ommerce&. Indias !xport Import "olicy also know as Foreign Trade "olicy, in general, aims at deeloping export potential, improing export performance, encouraging foreign trade and creating faorable balance of payments position.
&i%tory of Exim Policy of India
In the year )*/0, the Goernment of India appointed a special
Exim Policy
(ommittee toreiew the goernment preious export import policies. The committee was later on approed by the Goernment of India. r. 1. ". 2ingh, then (ommerce inister and announced the !xim "olicy on the )0th of 'pril, )*34. Initially the !5I "olicy was introduced for the period of three years with main ob#ectie to boost the
export 'u%ine%%
in india
(')ective% (f T*e EXIM Policy + 
The main ob#ectie of the Goernments !5I "olicy is to promote exports to the maximum extent

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