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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Customs, DGFT & SEZ

        Review of Exim Policy

        December 5, 2014

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        Export and Import of goods are regulated as per the provisions of Foreign Trade Policy(FTP).  Indian Trade Classification (Harmonisation System) [ ITC (HS)], 2012 notified under FTP, contains item wise export and import policy of goods which inter alia  are covered under four categories namely, ‘prohibited’, ‘restricted’, ‘trading through State Trading Enterprises’ and ‘free’.  In addition, there are some goods which though are ‘free’ for import/export, but subjected to conditions stipulated in other Acts or laws for the time being in force. Further, Government also prescribes such other conditions/restrictions, as deemed fit, to regulate export/import of specified goods/ commodities e.g. minimum export/import price; quantitative restrictions; port restrictions; quality/standard parameters etc. EXIM Policy of the Government is a dynamic process which is changed/ modified in response to evolving international scenario and domestic conditions. Any change in EXIM Policy of an item is brought about after due consultation/ review by the concerned line Ministry / Department.

        ITC (HS), 2012 contains more than 11000 tariff lines and changes in EXIM policy of items or modifications in conditions of importability/exportability of items are brought about through notifications, as published in the Official Gazette and also uploaded on the DGFT’s website (www.dgft.gov.in). Details of such reviews in last 3 years [after notification of the ITC (HS), 2012 on 18.4.2012]  are as tabulated below:

        Year

        2012-13

        2013-14

        2014-15*

        No. of Changes

        35

        48

        18

        *Data available as on 30.11.2014

        This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

        EXIM Policy classification and amendment rules govern export import controls and publication of changes via official notifications. Export and import of goods are governed by the Foreign Trade Policy via the Indian Trade Classification (Harmonised System) 2012 which classifies items into prohibited, restricted, state trading and free categories; some free items remain subject to other statutory conditions. The Government may impose conditions such as minimum prices, quantitative or port restrictions and quality standards. Changes to EXIM policy or item-specific conditions are made by notification after consultation with the concerned line ministry and published in the Official Gazette and on the DGFT portal.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                EXIM Policy classification and amendment rules govern export import controls and publication of changes via official notifications.

                                Export and import of goods are governed by the Foreign Trade Policy via the Indian Trade Classification (Harmonised System) 2012 which classifies items into prohibited, restricted, state trading and free categories; some free items remain subject to other statutory conditions. The Government may impose conditions such as minimum prices, quantitative or port restrictions and quality standards. Changes to EXIM policy or item-specific conditions are made by notification after consultation with the concerned line ministry and published in the Official Gazette and on the DGFT portal.





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                                ActsIncome Tax
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