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Highlights of Foreign Trade Policy for 2004-2009
news
03 September 2004
Big push to exports to garner 1.5 per cent of the world share by 2009.
FDI permitted up to 100 per cent to establish and develop free trade and warehousing zones.
New scheme to boost exports of fruits, vegetables, flowers and minor forest produce.
Duty-free import of capital goods under EPCG scheme for agriculture sector.
Import of seeds, bulbs and tubers liberalised.
"Target Plus" scheme to accelerate growth of exports
EOUs exempted from service tax.
EOUs permitted to retain 100 per cent export earnings.
DEPB scheme retained till replaced by a new one.
Restrictions on importing second hand capital goods lifted.
Validity of licences of various schemes increased to uniform 24 months.
Import of gold of 18 carat and above allowed under replenishment scheme.
Duty-free import of specified items for leather sector raised to 5 per cent of f.o.b. value of exports.
"Served from India" scheme to accelerate growth in export of services.
An exclusive service export promotion council to be set up.
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Highlights of Foreign Trade Policy for 2004-2009