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
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 )*+.
contains arious policy related decisions taken by the goernment 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 Goernment $inistry of (ommerce&. Indias !xport Import "olicy also know as Foreign Trade "olicy, in general, aims at deeloping export potential, improing export performance, encouraging foreign trade and creating faorable balance of payments position.
&i%tory of Exim Policy of India
In the year )*/0, the Goernment of India appointed a special
(ommittee toreiew the goernment preious export import policies. The committee was later on approed by the Goernment 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#ectie to boost the
(')ective% (f T*e EXIM Policy +
The main ob#ectie of the Goernments !5I "olicy is to promote exports to the maximum extent