Question

Describe the general provision related to import under the foreign trade policy(EXIM policy) of government of India? Do you think that these provisions facilitate the foreign trade?

Answer 1

Countries of Imports/Exports - Unless otherwise specifically provided, import/ export will be valid from/to any country. However, import/exports of arms and related material from/to Iraq shall be prohibited. 

The above provisions shall, however, be subject to all conditions, or requirement of licence, or permission, as may be required under Schedule II of ITC (HS).

Answer 2

EXIT policy which Government announces in every five years. This policy is created about the import, export, different export import schemes and the marketing of India and foreign countries.

Government also decides by this policy urban and rural areas business policy and marketings, target for the future marketing. This policy makes the financial marketing with foreign trade easier, because it is all about planning.