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Highlights of the Exim Policy 2001-2002
Following are the highlights of new Exim Policy announced on Saturday:
- Quantitative restrictions (QRs) totally dismantled from April 1.
- Standing Group to be set up for monitoring import of 300 sensitive items.
- Policy focuses on accelerating export growth to achieve 1 per cent of global trade by 2004-05.
- Export growth target at 18 per cent for 2001-02.
- Import of new and second-hand automobiles allowed, but subject to conditions.
- Exim Policy schemes like duty exemption scheme and export promotion capital goods (EPCG) to be applicable to agro-sector.
- Promotion of agricultural exports through agri-economic zones and agricultural export policy.
- Import of agricultural products like wheat, rice, maize, other coarse cereals, copra and coconut oil has been placed in the category of state trading.
- Market access initiative through a plan scheme.
ALSO READ:
Exim Policy 2001-2002: Full coverage
Union Budget 2001-2002: Full coverage
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