1.    Items permitted 

(i)        No Quantitative   restrictions  on export.

(ii)       Licence under Foreign Trade Policy not required for import of 125 species/groups of fish, crustaceans, molluscus and other aquatic invertiberates covered under FREE policy in Chapter 3 of ITC (HS) classification of Export &Import items under the EXIM policy.

(iii)      Import of five groups of live fish permitted under  Restricted Policy (EXIM Code 0301) 

(iv)     Import of Whale Shark (Rhincodon types) and parts and products of the species is restricted. 

2.  Promotional measures  

(i)       Central assistance to States for development of critical infrastructure for export such as roads, inland container depots, container freight stations, Export Promotion Industrial Parks and for equity participation in infrastructure projects. 

(ii)       Encouragements to State Governments for setting up Export Zones. 

(iii)      Declaration of Towns of Export Excellence to encourage setting up of critical infrastructure for export production, encourage common service providers and facilitate availability of better technological services and integrate benefits under the other schemes of EXIM Policy for the units in such towns. 

(iv)   Market Access Initiative Schemes for encouraging increased marketing efforts by exporters/Brand promotion 

(v)      Schemes to promote the Concept of Total Quality Management. 

3.  Import for  export production   

(i)       Advance authorization for  duty free import of  inputs for export production. 

(ii)      Duty free import authorisation (DFIA) Scheme

            Scheme DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product. DGFT, by means of Public Notice, may exclude any product(s) from purview of DFIA. This scheme is in force from 1st May, 2006.

            Entitlement  Provisions of paragraph 4.1.3 (FTP)shall be applicable in case of  DFIA.  However, these Authorizations shall be issued only for products for which Standard Input and Output Norms (SION) have been  notified.  Pre-export Authorization shall be issued with actual user condition and shall be exempted from payment of  basic custom duty, additional customs duty, education cess, anti-dumping duty and safeguard duty, if any.  A minimum 20% value addition shall be required for issuance of  such authorization.  

(iii)      Manufacturer exporters, merchant exporters tied to supporting manufacturers and service providers eligible for import of capital goods at 5% Customs duty linked to fulfillment of export obligation in 8 to12 years under EPCG Scheme. 

4.  EOU/EPZ/SEZ  

(i)        Scheme of 100% EOU/Export Processing Zone/Special Economic Zone for export production continues.  No trading units permitted under the scheme.

5. PACKAGE FOR MARINE SECTOR

a.        Duty free import of specified specialized inputs/chemicals and flavoring oils as per a defined list shall be allowed to the extent of 1% of FOB value of preceding financial years export.  Use of these special ingredients for seafood processing will enable us to achieve a higher value addition and enter new export markets.

b.         To encourage the existing mechanized vessels and deep sea trawlers to adopt modern technology for scientific  exploitation of our marine resources in an eco-friendly manner and boost marine sector exports, it is proposed to allow import of monofilament long line system for tuna fishing at a concessional rate of duty.

c.        The present system of disposal of waste of perishable  commodities like seafood after inspection by a customs official is very cumbersome and leads to development of unhygienic conditions.  To overcome this, a self removal procedure for clearance of waste shall be applicable, subject to prescribed wastage norms.

Illustrate of Foreign Trade Policy announced on 1.4.2007

FOCUS MARKET SCHEME (FMS)

            Objective is to offset high freight cost and other externalities to selected international markets with a view to enhance India’s export competitiveness in these countries.

Entitlement Exporters of all products through EDI enabled ports to notified countries (as in Appendix 37C of HBP v1) shall be entitled for Duty Credit scrip equivalent to 2.5% of FOB value of exports for each licensing year commencing from 1st April, 2006.  However additional Markets notified in Appendix 37C of HBP v1 shall be entitled for Duty Credit scrip on exports w.e.f 1.4.2007.

APPENDIX 37C OF HANDBOOK OF PROCEDURES VOL. I   

FOCUS PRODUCT SCHEME (FPS)

Objective is to incentives export of such products, which have high employment intensity in rural and semi urban areas, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products.
Entitlement  Exports of notified products (as in Appendix 37D of HBP v1) through EDI enabled ports to all countries shall be entitled for Duty Credit scrip equivalent to 1.25% of FOB value of exports for each licensing year commencing from 1st April, 2006. However, additional products notified / clarified in Appendix 37D of HBP v1 shall be entitled for Duty Credit scrip on exports w.e.f 1.4.2007.

APPENDIX 37D OF HANDBOOK OF PROCEDURES VOL.I 
VALUE ADDED FISH PRODUCTS