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March 31, 2001
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Highlights of the Exim Policy 2001-2002


Following are the highlights of new Exim Policy announced on Saturday:

  • Quantitative restrictions (QRs) totally dismantled from April 1.
  • Standing Group to be set up for monitoring import of 300 sensitive items.
  • Policy focuses on accelerating export growth to achieve 1 per cent of global trade by 2004-05.
  • Export growth target at 18 per cent for 2001-02.
  • Import of new and second-hand automobiles allowed, but subject to conditions.
  • Exim Policy schemes like duty exemption scheme and export promotion capital goods (EPCG) to be applicable to agro-sector.
  • Promotion of agricultural exports through agri-economic zones and agricultural export policy.
  • Import of agricultural products like wheat, rice, maize, other coarse cereals, copra and coconut oil has been placed in the category of state trading.
  • Market access initiative through a plan scheme.

Exim Policy 2001-2002: Full coverage
Union Budget 2001-2002: Full coverage

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