Export Import Technological Factor in Malaysia

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1. Introduction : 2. 3.
For India to become a major player in world trade, an all encompassing,comprehensive view needs to be taken for the overall development of thecountry¶s foreign trade. While increase in exports is of vital importance, wehave also to facilitate those imports which are required to stimulate our economy. Coherence and consistency among trade and other economic policiesis important for maximizing the contribution of such policies to development.Thus, while incorporating the existing practice of enunciating an annual EximPolicy, it is necessary to go much beyond
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6. Some Other Highlights of The EXIM Policy :
1. Inter State Trade Council :To engage the State Government inproviding an enabling environment for boosting international trade, by setting up an Inter State Trade Council.2. Removal of Export Cess :Proposed to abolish cess on export of all agricultural and plantationcommodities levied under various commodity Board Acts.3. Export Promotion Capital Goods Scheme (EPCG) :This scheme is extended to Agricultural sector, SSI sector, Retail Sectors inorder to promote exports from them.4. Service Export :To upgrade infrastructure in the service related companies
5. Agri Export :Benefits under µVishesh Krishi Upaj Yojana¶ have been extended to exports of poultry and dairy products in addition to export of flowers, fruits, vegetablesand their value added products.
6. Package for Marine Sector :Duty free import of specified specialized chemicals and flavoring oils as per adefined list shall be allowed to the extent of 1% of FOB value of precedingfinancial years export.
7. Advance Licensing Scheme :The Scope of Advance License for annual requirement has been extended to allcategories of exporters having past export performance.8. Duty Free Replenishment Certificate :Brass scrap, Additives, paper board, and dye stuff have been removed from thelist of items prescribed for import under DFRC.9. Procedural Simplification :Proposed to simplify procedures and reduce the documentation
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