Import From China Business

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A practical guide for starting a small business

EXIM Policy Overview

The need of an export import policy (EXIM) to grow and diversify India's trade has been recognized since the country's independence in 1947.  The Foreign Trade (Development and Regulation) Act of 1992 governs India's Imports and exports.  The government official responsible for the EXIM policy is the Director General of Foreign Trade.  The policy's goal is to facilitate rather than hinder importing into and exporting out of India.  

EXIM Policy

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A developing country such as India needs to import technology and capital goods.  To offset these imports, the government of India provides export promotion schemes.  The Indian government also uses  import quotas, import licensing and import duties to help balance the import-export trade in India.

The EXIM Policy of India has been updated several times in recent years. The most recent version covers the period from 2009 to 2014.  The short term objective for this revision to the EXIM policy is to halt and reverse the declines in India trade within a volatile world market.  Tactics used to achieve this objective include: increase market access, diversify the export markets, provide fiscal incentives, reduce procedures, and change to institutions.

EXIM Policy 2009 to 2014 Highlights

Some key highlights of thie EXM policy 2009 to 2014 revision are:

Given the recent downward turn in the global economy, India's exports have also been shrinking.  It is hope that some of the latest EXIM policy promotion schemes will help to accelerated India's import-export industry again.

Real Experiences!

Mahesh G., Import from China to India

“Thanks for all the great ideas on importing goods from China that are not available in India.“