Foreign Trade Policy 2009-14
August 27, 2009
Members of the Council.
Sub : Foreign Trade Policy 2009-14
As members are aware, Shri Anand Sharma, Hon’ble Union Minister for Commerce and Industry, Government of India announced the new Foreign Trade Policy for the period 2009-14 today.
As far as the leather sector is concerned, the major measures announced are enhancement of duty credit scrip under Focus Product Scheme (FPS) from 1.25% of FOB value of export to 2% of FOB value of export and introduction of “Zero Duty” under Export Promotion Capital Goods Scheme (EPCG). A note on the major measures announced in the Foreign Trade Policy 2009-14 is enclosed herewith.
The highlights of the Foreign Trade Policy 2009-14 as released by the Ministry of Commerce and Industry is also attached herewith.
The entire Foreign Trade Policy 2009-14 and Handbook of Procedures – Vol. 1 is hosted in the website of Directorate General of Foreign Trade (DGFT), which members may refer.
Ali Ahmed Khan
COUNCIL FOR LEATHER EXPORTS