Government Import Policy

The era of globalization proves that the Export and Import (EXIM) activity is crucial to any country; especially to India's economic health as India can generateadditional employment opportunities for the country through the exchange of Goods, Services and Ideas, and it also helps to bring precious foreign exchange to the nation. Greater EXIM operations mean more economic growth as natural and physical resources of the country are effectively exploited, managed, used and traded, resulting in employment generation, foreign exchange accumulations, improved living standard, capacity enhancement in manufacturing and infrastructure and increased status of the country in global economic, political and social issues.

The FTP of India is also shaped for making India a global manufacturing, trading and services hub. To compete in world trade; our government has given some schemes to import raw materials, capital goods without paying duties and other taxes to our exporters; such as Advance Authorisation Scheme, Duty Free Import Authorisaton, Export Promotion Capital Goods, Duty Drawback and so on.