The major information in matters related to export and import is given in the document named "Exim Policy ". An exporter uses the Handbook of Procedures Volume-I to know the procedures, the agencies and the documentation required to take advantage of a certain provisions of the Indian EXIM Policy.
For example, if an exporter or importer finds out that paragraph 6. Such Input output norms are applicable for the products such as electronics , engineering, chemical , food products including fish and marine products, handicraft , plastic and leather products etc. Based on SION, exporters are provided the facility to make duty-free import of inputs required for manufacture of export products under the Duty Exemption Scheme or Duty Remission Scheme.
ITC-HS codes are divided into two schedules. Schedule I describe the rules and exim guidelines related to import policies where as Export Policy Schedule II describe the rules and regulation related to export policies.
The total number of chapters in the schedule I is The chapters are further divided into sub-heading under which different HS codes are mentioned. At the same time, all-out efforts are made to promote exports. Thus, there are two aspects of Exim Policy; the import policy which is concerned with regulation and management of imports and the export policy which is concerned with exports not only promotion but also regulation.
Exports should be promoted in such a manner that the economy of the country is not affected by unregulated exportable items specially needed within the country. Export control is, therefore, exercised in respect of a limited number of items whose supply position demands that their exports should be regulated in the larger interests of the country.
In other words, the main objective of the Exim Policy is:. The current Export Import Policy covers the period The Exim Policy is updated every year on the 31st of March and the modifications, improvements and new schemes became effective from 1st April of every year.
In order to liberalize imports and boost exports, the Government of India for the first time introduced the Indian Exim Policy on April I, In order to bring stability and continuity, the Export Import Policy was made for the duration of 5 years.
However, the Central Government reserves the right in public interest to make any amendments to the trade Policy in exercise of the powers conferred by Section-5 of the Act. Such amendment shall be made by means of a Notification published in the Gazette of India. Export Import Policy is believed to be an important step towards the economic reforms of India.
With time the Exim Policy became old, and a New Export Import Policy was need for the smooth functioning of the Indian export import trade. Learning Resources. Authorization Security researchers must comply with all applicable Federal, State, and local laws in connection with the security research activities or other participation in this Vulnerability Disclosure Program. Make every effort to avoid privacy violations, degradation of user experience, disruption to production systems, and destruction or manipulation of data.
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Physical testing of facilities or resources e. Social engineering e. Network denial of service DoS or Distributed DoS or tests that impair access to or damage availability to a system or data. The main objective of the Handbook is to simple, transparent and EDI Electronic Data Interchange compatible procedures which are easy to administer for efficacious management of foreign trade.
The objective of Exim Procedure or Foreign Trade Procedure is to implement the provisions of the Foreign Trade Development and Regulation Act, , the Rules and Orders made there under and the Foreign Trade Policy incorporating the Export and Import Policy , by laying down simple, transparent and EDI Electronic Data Interchange compatible procedures which are easy to comply with and administer for efficacious management of foreign trade.
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