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    News
    All› Customs, DGFT & SEZ › Customs, DGFT & SEZ - 2011
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    December 26, 2011
    Index of Eight Core Industries (Base: 2004-05=100), November 2011.
    Show AI Summary
    Index of Eight Core Industries rose 6.8% in November 2011 with mixed sectoral performance led by electricity and cement.
    The Index of Eight Core Industries (weight 37.90% in IIP) stood at 141.1 in November 2011, with a monthly growth rate of 6.8% and cumulative April-November growth of 4.6%. Electricity and cement led monthly expansion while crude oil, natural gas and fertilizers declined. Data are provisional and subject to revision; detailed monthly indices, sector weights, and growth computations are provided in the annexure, and certain refinery throughput was excluded where not reported.
    December 21, 2011
    Impetus to Export of Agricultural Products.
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    Export promotion of agricultural products through government incentive schemes enhances market access and targets export growth.
    Government policy seeks to stimulate agricultural exports through a Strategy Paper for doubling exports, using reported country-level and commodity-wise export values as a baseline. Operational measures comprise incentives and institutional support administered by Commodity Boards, Development Authorities and Export Promotion Councils, notably MDA, MAI, ASIDE, Vishesh Krishi and Gram Upaj Yojana, Focus Product and Focus Market Schemes, Town of Export Excellence, trade delegations and Buyer-Seller Meets to enhance market access and promote export growth.
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    SEZs for Promotion of Exports.
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    Approval validity for SEZs under the Rules allows Board extensions and fiscal incentives support export promotion and infrastructure development.
    The SEZ Act, 2005 promotes exports, investment, employment and infrastructure. Approvals issued to Developers are valid for three years under the SEZ Rules, 2006 and may be extended by the Board of Approval on request. Fiscal concessions and duty exemptions are inbuilt in the Act as incentives to support export promotion and infrastructure creation.
    December 21, 2011
    Reducing MEP of Non-basmati Rice to Boost Export.
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    Minimum export price reduction for non-basmati rice enables private exports from EDI ports without explicit quantitative restrictions.
    Reduction of the Minimum Export Price (MEP) for non-basmati rice lowered the price floor to restore international competitiveness, and a later executive decision authorised exports through all Electronic Data Interchange (EDI) ports by private parties from privately held stocks without any explicit quantitative restriction or MEP, replacing the earlier constrained, notified consignments mechanism.
    December 21, 2011
    Export of Aqua Products .
    Show AI Summary
    Export promotion of aqua products increases competitiveness through MPEDA assistance, species-specific support, and market diversification.
    The Government, via MPEDA, implements export-promotion measures for aqua products including sea freight assistance, a logo scheme, duty-free import of specialized inputs, solicitation of overseas trade enquiries, and subsidies for hatcheries, PCR labs, scampi farming and related R&D and training; it promotes Litopenaeus vannamei culture and organic aquaculture. Annexed species- and country-wise tables report recent-year frozen shrimp exports by quantity and value, showing shifts in species composition and principal destination markets that together evidence export performance and market distribution.
    December 20, 2011
    EEPC India Presents 42nd National Awards for Export Excellence Engineering Exports 21% to the Total Exports: Scindia.
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    Engineering exports central to trade strategy, with policy measures and market schemes to strengthen competitiveness.
    Engineering exports are central to trade strategy, requiring market diversification, technological advancement and policy support. The Government emphasises the Special Focus Market Scheme, amendments to the Foreign Trade Policy, and trade facilitation measures-including a task force and action report to reduce transaction costs and upgrade infrastructure-to enhance competitiveness. An awards programme recognised exporters who maintained strong performance after the global downturn, and survey data underscores the engineering sector's substantial contribution to factories, capital, employment and industrial output.
    December 19, 2011
    Working of SFIO.
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    Corporate fraud investigation criteria prompt SFIO expansion and legislative strengthening to improve probing and prosecution reach.
    SFIO investigates corporate misconduct that is complex, multi-disciplinary, involves substantial public interest by scale or persons affected, or where investigation can improve systems; the Ministry has advanced legislative changes in the Companies Bill, created additional posts, and is establishing regional offices to expand reach and monitor prosecutions.
    December 16, 2011
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    Export Doubling Strategy expands sectoral incentives and market access while streamlining export procedures and trade normalisation.
    The government adopts a coordinated export doubling strategy focused on sectoral product priorities, targeted market expansion, technology and brand enhancement, and complementary policy instruments. The Annual Supplement to the Foreign Trade Policy adds temporary sectoral duty credit schemes, expanded focus market and product benefits, market linked product extensions and EDI integration to streamline authorisations. A task force on transaction costs recommended multiple reforms for implementation to reduce export transaction costs. Phased bilateral trade normalisation with a neighbouring country is planned through transition from a positive to a negative list and eventual removal of the negative list. The paper also details concluded FTAs and ongoing negotiations.
    December 16, 2011
    New Manufacturing Policy to Create 100 Million Jobs in India DMIC to be a Global Manufacturing and Investment Hub Government Mulls Investor-Friendly FDI Policies Year End Review of Department of Industrial Policy & Promotion
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    National Manufacturing Policy promotes NIMZs and PPP financing to expand industry and jobs under investor friendly reforms.
    The national manufacturing policy creates National Investment and Manufacturing Zones (NIMZs) as greenfield integrated industrial townships governed by Special Purpose Vehicles and autonomous industrial township structures, financed through central viability gap funding and PPPs, with sector and location neutral incentives (except for green technology), supported by measures to improve SME finance and enable cluster self organisation across the country.
    December 16, 2011
    Anand Sharma Rules Out Freezing of the Custom Duties at the Current Levels India Lends its Voice to Retain Development Agenda at WTO Ministerial “Friends of development” Bat for Interests of LDCS
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    Risk Management and Inter Bank Dealings
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    Foreign exchange hedging restrictions: cancellation of forward contracts barred and deliverable-only hedges tightened for importers and dealers.
    Forward contracts booked by residents and by Foreign Institutional Investors, once cancelled, cannot be rebooked though rollovers remain permitted; past-performance hedging for importers is reduced to 25 percent of the computed limit and all such contracts must be fully deliverable with exchange gains on cancellations not passed to customers. Cash/tom/spot client transactions must be for actual remittance/delivery only and cannot be cancelled or cash-settled. Authorised Dealers face reduced Net Overnight Open Position limits and intra-day positions must not exceed approved NOOPL, with ongoing Reserve Bank review.
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    December 14, 2011
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    Streamlining of Exports of Food Items
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    Food export restrictions: lift humanitarian export controls for UN purchases while preserving WTO-consistent national policy space.
    Agreement committed to removing food export restrictions and extraordinary export taxes on food procured for non-commercial humanitarian purposes by the World Food Programme and to refrain from imposing such measures in future, while India emphasised that WTO-consistent policy space to address domestic concerns must be preserved.
    December 14, 2011
    Revival of National Advisory Committee on International Trade and Inter-State Trade Council
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    Advisory bodies in commerce coordinate export policy and intergovernmental trade dialogue, reinforcing national trade advisory mechanisms.
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    December 14, 2011
    National Electricity Fund (Interest Subsidy) Scheme to subsidize interest rate on loans
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    Marine Product Exports During (April – September) 2011-12
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    Marine product export performance shows broad growth led by frozen shrimp and vannamei expansion, boosting foreign exchange earnings.
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    December 12, 2011
    Export of Leather Products
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    Export incentive measures for leather sector expand duty-free inputs and duty credit scrips to promote exports.
    The Indian Leather Development Programme funds capacity modernisation, technology upgradation, environment management and human resources development. Under the Foreign Trade Policy 2009-14 the leather sector is a Focus Sector, with measures including duty-free import of critical inputs linked to prior export realisation, duty credit scrips for notified leather products and finished leather, zero-duty EPCG for capital goods imports, and a status-holder incentive scrip for capital goods under actual user conditions.
    December 12, 2011
    Export of Pulses
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    Export ban on pulses continues with specified exemptions; export policies reviewed to protect domestic availability and prices.
    Export of pulses has been banned since 27 June 2006 subject to limited exemptions, including kabuli channa, authorised organic pulses under an annual cap, and exports permitted to specific countries by DGFT; occasional ad hoc permissions have been given for certain regional markets. The Government reviews and may modify export policy to ensure domestic availability and reasonable prices. Onion exports are currently permitted subject to Minimum Export Price, though temporary bans have been imposed previously.

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      Customs, DGFT & SEZ

      Export of Aqua Products .

      December 21, 2011

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      Press Information Bureau
      Government of India
      Ministry of Commerce & Industry

      21-December-2011 15:26 IST

      Export of Aqua Products

      The details are at Annex-1 & Annex -2

      To compete with other countries including China, Thailand, Taiwan etc., the Government through MPEDA (The Marine Products Export Development Authority) is implementing various schemes like Sea Freight Assistance Scheme, MPEDA Logo Scheme, Duty free import of specialized inputs/chemicals  and flavoring oils for production of value added items,  soliciting trade enquiries from overseas importers, etc.

      As per latest FAO Year Book 2008, share of India in international export of fishery for the last 5 years is tabled below: 

      (US $ Million)

       

      2008

      2007

      2006

      2005

      2004

       

      India’s Exports

      1623

      1670

      1763

      1592

      1409

      Total Fishery Trade

      101983

      93575

      86087

      78366

      71637

      % share of India

      1.59

      1.79

      2.05

      2.03

      1.97

      With the aim of promotion of Aquaculture export, MPEDA is implementing various assistance schemes. They include subsidy for new, small, medium hatcheries; subsidy for setting up of PCR labs in hatcheries/private lab; subsidy for scampi farming in Padasekharams in Kerala etc. Introduction of Litopenaeus Vannamei culture; Promotion of Organic aquaculture products for export; Conducting various training programmes; Research and Development programmes undertaken under Rajiv Gandhi Centre for Aquaculture and publicity campaign are the other strategies adopted to achieve the goal.
       


       

            Annex – 1 

      Species/ Variety-Wise Export of Frozen Shrimp from India 

      (Q: Quantity in Ton, Value in Rs. lakh, US $ Million).

      Species

       

      2008-09

      2009-10

      2010-11

      Brown/Pink/Flower

      Q:

      10024

      10718

      11434

       

      V:

      31613.80

      33666.23

      38519.38

       

      $:

      70.09

      71.01

      85.07

      Sea Tiger /

      Q:

      3377

      5471

      6087

      Deep Sea Shrimp

      V:

      12126.78

      18929.43

      18352.16

       

      $:

      26.91

      39.99

      40.73

      Black Tiger

      Q:

      51811

      58637

      68873

       

      V:

      178562.33

      215545.63

      314871.57

       

      $:

      398.49

      454.90

      694.14

      White Shrimp

      Q:

      6310

      6663

      8392

       

      V:

      21192.44

      23435.18

      36238.69

       

      $:

      47.07

      49.44

      79.59

      Scampi Shrimp

      Q:

      4289

      3394

      2059

       

      V:

      19271.84

      16550.29

      11278.08

       

      $:

      43.01

      34.78

      24.83

      Vannamei

      Q:

      0

      0

      12047

       

      V:

      0.00

      0.00

      48095.55

       

      $:

      0.00

      0.00

      106.71

      OTHERS

      Q:

      50232

      45670

      42572

       

      V:

      115220.44

      110108.58

      104457.27

       

      $:

      253.73

      232.91

      230.75

      Total

      Q:

      126042

      130553

      151465

       

      V:

      377987.63

      418235.34

      571812.70

       

      $:

      839.30

      883.03

      1261.82

       

       
       

            Annex – 2 

            Country  Wise Export of Frozen Shrimp from India 

                         (Q: Quantity in Ton, Value in Rs. lakh, US $ Million).

      COUNTRY

       

      2008-09

      2009-10

      2010-11

      JAPAN

      Q:

      23242

      23812

      27816

       

      V:

      83966.22

      91741.14

      122730.82

       

      $:

      187.37

      193.47

      270.68

      USA

      Q:

      17499

      18383

      34243

       

      V:

      68330.74

      73341.97

      168848.03

       

      $:

      152.13

      154.60

      371.75

      EUROPEAN UNION

      Q:

      61967

      58601

      57568

       

      V:

      156722.76

      161853.54

      171417.06

       

      $:

      347.05

      342.18

      379.00

      CHINA

      Q:

      1781

      1785

      2405

       

      V:

      4367.60

      4692.13

      6649.09

       

      $:

      9.54

      9.95

      14.69

      SOUTH EAST ASIA

      Q:

      1558

      2819

      4329

       

      V:

      4995.39

      7961.47

      13702.34

       

      $:

      11.09

      16.80

      30.23

      MIDDLE EAST

      Q:

      7208

      8988

      8580

       

      V:

      22652.58

      28679.23

      30066.41

       

      $:

      50.36

      60.61

      66.44

      OTHERS

      Q:

      12787

      16165

      16523

       

      V:

      36952.34

      49965.87

      58398.95

       

      $:

      81.75

      105.43

      129.03

      Total

      Q:

      126042

      130553

      151465

       

      V:

      377987.63

      418235.34

      571812.70

       

      $:

      839.30

      883.03

      1261.82

      This information was given by Shri Jyotiraditya M. Scindia  Minister of State for Commerce and Industry  in written reply to a question in  Rajya  Sabha today.

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