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    Imported of goods for the purpose of Common Wealth Games, 2010 – More agencies allowed to import
    Speech of Minister of Commerce & Industry on Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 on 23.08.2010
    Highlights of the Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14
    Export Grows 13.2% in July 2010: Commerce Secretary
    Prime Minister’s Independence Day Address
    As per the Foreign Trade Policy, 2009-14, India's exports of goods and services are expected to double by 2014.
    Direct Taxes Code (DTC) to Cover SEZs - Profit Linked Incentives to be Replaced by Investment Linked Deductions
    The services export during the last three years
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    August 28, 2010
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    Import exemption for event goods expanded; more agencies may import subject to mandatory post-event handover obligation.
    The import exemption for goods brought to organize the Commonwealth Games has been expanded to include additional goods and to allow more agencies and contractors to import specified goods under the exemption, subject to a post-event compliance obligation requiring transfer of the imported goods to the Sports Authority of India, Delhi Development Authority, or Government of National Capital Territory of Delhi within three months after the Games.
    August 24, 2010
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    Export Incentive Extensions extend key schemes and streamline authorizations to support struggling sectors and reduce transaction costs.
    The supplement extends key export incentive schemes-DEPB, zero-duty EPCG and Status Holder Incentive Scheme-introduces Annual EPCG authorization to lower transaction costs, provides targeted bonus incentives for labour-intensive and selected product groups, extends interest subvention to additional products, and implements procedural simplifications including scrip transfer flexibility, exemption from anti-dumping/safeguard duties for certain advance authorizations, consolidation of advance authorization notifications, and retrospective application of ad hoc norms without chartered engineer certificates.
    August 24, 2010
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    Export incentives expanded and streamlined to promote diversification, technological upgradation and reduced transaction costs for exporters.
    The Supplement expands and extends export incentive schemes and procedural reforms to enhance competitiveness, including bonus additions to the Focus Product Scheme, inclusion of new products in FPS, extension and sectoral widening of zero duty EPCG and Status Holder Incentives for technological upgradation, continuation of DEPB and concessional export credit, streamlined Advance Authorization and EPCG procedures, EDI enhancements such as e RCMC and offline modules, and targeted sectoral measures for leather, handloom, textiles, engineering, electronics, toys, agriculture and services.
    August 17, 2010
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    Export growth rate signals stronger trade performance and projected target achievability contingent on sustained growth.
    Announcement of monthly and year-to-date external trade statistics for July 2010 and April-July 2010-11, reporting export and import levels with respective growth rates and a resulting trade deficit; and a forward-looking projection that an aggregate export target is attainable if sustained export growth continues.
    August 16, 2010
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    Right to Education expanded as central policy to ensure inclusive growth and strengthen citizens' access to schooling and opportunity.
    The Government prioritizes statutory social-rights and welfare schemes-notably the Right to Education, Right to Information and the Mahatma Gandhi National Rural Employment Guarantee-coupled with targeted measures for disadvantaged groups, increased agricultural investment and support prices, fiscal prudence on subsidies, coordinated Centre-State security and development responses in naxal-affected and tribal areas, and institutional reforms including separate higher education and health councils to accelerate implementation and inclusive growth.
    August 16, 2010
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    Foreign Trade Policy export focus: continuous sectoral review and targeted support measures to strengthen export performance.
    The Foreign Trade Policy 2009-14 establishes an export growth objective and a framework of continuous review through consultations with Export Promotion Councils and industry; based on sectoral reviews, the Government implements targeted support measures. Sectoral export data for Gems & Jewellery, Leather, and Textiles for successive years are reported and Labour Bureau surveys show an increase in employment in exporting units, information provided in a ministerial written reply.
    August 10, 2010
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    Investment linked deductions replace profit linked incentives for SEZ developers, with MAT and DDT applied and limited transitional protection.
    Draft Direct Taxes Code replaces profit linked incentives with investment linked deductions for SEZ developers; grandfathering protects profit linked deductions for SEZs notified before commencement for their unexpired period, while SEZs notified after commencement receive investment linked deductions. The draft introduces Minimum Alternate Tax and Dividend Distribution Tax on SEZ developers and subjects SEZ units to MAT; a revised Discussion Paper restores transitional protection for units commencing operations before a specified cut off date.
    August 9, 2010
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    Served from India scheme: service exporters gain duty credit scrips and access to EPCG and related trade incentives.
    The Foreign Trade Policy's Served from India scheme makes service providers meeting the prescribed earnings threshold eligible for duty credit scrips and an additional duty credit linked to prior foreign exchange earnings; service exporters are also eligible for the Export Promotion Capital Goods scheme and other policy benefits. RBI trade data show services' contribution to total exports, and international reporting placed India among the leading countries in commercial services trade.

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