New Delhi, Aug 27 (Inditop.com) Following are the highlights of the new Foreign Trade Policy that was unveiled by Commerce Minister Anand Sharma here Thursday:
-Duty entitlement passbook scheme extended till December 2010
-Extension of sops for export-oriented units till March 2011
-Export target of $200 billion set for 2010-11
-Growth target of 15 percent for next two years, 25 percent thereafter
-Inter-ministerial group to address issues raised by exporters
-Obligation under export promotion capital goods scheme relaxed
-Permission for tax refund scheme for jewellery sector
-No fee on grant of incentives to cut transaction costs
-Steps to help exporters reduce transaction costs
-Plan for diamond bourses in the country
-Single-window scheme for farm exports
-Re-export of unused leather allowed subject to 50 percent duty
-Minimum value addition for tea reduced to 50 percent from 100 percent
-Export units allowed to sell 90 percent of goods in domestic market
-Provision for state-run banks to provide dollar credits
-Twenty-six new markets added to focus market scheme
-Sops under focus market scheme hiked from 2.5 percent to 3 percent
-Number of duty-free samples for exporters raised to 50 pieces from 15
-New directorate of trade remedy measures to be set up
-Zero duty under technology upgrade scheme
