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Ramesh

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Business Environment-Unit-V
FEB-2014
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
EXIMPOLICIES
Exim Policy or
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 Policy of India is guided by the
Ex
port
Im
port in known as in short
EXIM Policy of the Indian Goernment and is regulated by the
Foreign Trade Development and Regulation Act, !!"
.
DGFT #Directorate General of Foreign Trade$ is the main goerning body in matters related to !xim "olicy. The main ob#ectie of the Foreign Trade $Deelopment and %egulation& 'ct is to proide the deelopment and regulation of foreign trade by facilitating imports into, and expand exports from India. Foreign Trade 'ct has replaced the earlier law known as the imports and !xports $(ontrol& 'ct )*+.
EXIM Policy
Indian
EXIM Policy contains arious policy related decisions taken by the goernment 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 Goernment $inistry of (ommerce&. Indias !xport Import "olicy also know as Foreign Trade "olicy, in general, aims at deeloping export potential, improing export performance, encouraging foreign trade and creating faorable balance of payments position.
&i%tory of Exim Policy of India
In the year )*/0, the Goernment of India appointed

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