EXIM Policy:- Exim Policy or Foreign Trade Policy is a set of guidelines and instructions established by the DGFT in matters
related to the import and export of goods in India.
The Foreign Trade Policy of India is guided by the Export Import in known as in short EXIM Policy of the Indian Government and is
regulated by the Foreign Trade Development and Regulation Act, 1992.DGFT (Directorate General of Foreign Trade) is the main governing
body in matters related to Exim Policy. The main objective of the Foreign Trade (Development and Regulation) Act is to provide the
development and regulation of foreign trade by facilitating imports into, and augmenting exports from India. Foreign Trade Act has
replaced the earlier law known as the imports and Exports (Control) Act 1947.
Indian EXIM Policy contains various policy related decisions taken by the government in the sphere of Foreign Trade, i.e., with respect to
imports and exports from the country and more especially export promotion measures, policies and procedures related thereto. Trade Policy
is prepared and announced by the Central Government (Ministry of Commerce). India's Export Import Policy also know as Foreign Trade Policy,
in general, aims at developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of
payments position.
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