ANNOUNCEMENT 27 Aug 2009

In August 2009, the government of India announced a change in export taxation and a change in import duties.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 2 neutral
  • 0 liberalising
Inception date: 27 Aug 2009 | Removal date: 26 Mar 2015
Still in force

Export tax

 On 27 August 2009, the Indian Ministry of Commerce and Industry announced the Foreign Trade Policy for years 2009 to 2014. The stated goal of the policy is to arrest and reverse the decline in exports and provide support especially for sectors that have been most affected by the recession. The policy measures the goverment has proposed to use to achieve these objectives are a mix of "fiscal incentives, institutional changes, procedural rationalization, enhanced market access across the world and diversification of export markets: improvement in infrastructure related to exports, bringing down transaction costs, and providing full refund of all indirect taxes and levies ". 
 
The full policy and additional documents highlighting the main measures have been provided in the link. The policy is effective until 31 March 2014
 
On 19 Feburary 2014, through Notification No. 69, the trade policy was extended beyond 31 March 2014 indefinitely.
 
The new Foreign Trade Policy 2015-2020 was announced effective 1 April 2015, replacing the current measure.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 27 Aug 2009 | Removal date: 26 Mar 2015
Still in force

Import tariff

 On 27 August 2009, the Indian Ministry of Commerce and Industry announced the Foreign Trade Policy for years 2009 to 2014. The stated goal of the policy is to arrest and reverse the decline in exports and provide support especially for sectors that have been most affected by the recession. The policy measures the goverment has proposed to use to achieve these objectives are a mix of "fiscal incentives, institutional changes, procedural rationalization, enhanced market access across the world and diversification of export markets: improvement in infrastructure related to exports, bringing down transaction costs, and providing full refund of all indirect taxes and levies ". 
 
The full policy and additional documents highlighting the main measures have been provided in the link. The policy is effective until 31 March 2014
 
On 19 Feburary 2014, through Notification No. 69, the trade policy was extended beyond 31 March 2014 indefinitely.
 
The new Foreign Trade Policy 2015-2020 was announced effective 1 April 2015, replacing the current measure.

 
N/A
 
N/A