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existing Export- Import Policy: 2004-09. The present policy shall remain in force
from August 27, 2009 to 31st March, 2014.
Q4. Write short notes on:
a. Export promotion councils
b. India Trade Promotion organization
Answer. a. Export promotion councils
There are 35 Export Promotion Councils (EPCs) and Commodity Boards (CBs)
which have been set up in the country to promote and strengthen the effort for
export specific commodities. These EPCs and CBs also functions registering
authorities under the Foreign Trade Policy for registered exporters.
Membership-cum-Registration with these EPCs and CBs is compulsory for
obtaining
Q5. What are Special Economic Zones? Write one sentence each on
any 5 SEZs in India.
Answer. Special Economic Zones
A special economic zone (SEZ) is a geographical region that is designed to
export goods and provide employment. SEZs may be exempt from laws
regarding taxes, quotas, Foreign Direct Investment (FDI)-bans, labour laws and
other restrictive laws in order to make the goods
Q6. What is the need and role of Focus Market Scheme? Discuss in
detail.
Answer. Need and role of Focus Market Scheme
The objective of the scheme is to offset the high freight cost and other
disabilities faced in accessing select foreign markets as to enhance the export
competitiveness in these markets. The scheme allows duty credit scrip @ 3%
of the FOB value of exports irrespective of the product they export to notified
countries as in Appendix37C of Handbook of Procedures (Vole 1).A number of
Winter-2015
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