Class notes elements of statistics (305)

Presented by
HARSHITHA.S and
IMRAN PASHA

, INTRODUCTION
 Trade policy governs exports from and imports into
a country.
 Guided by the Export-Import (EXIM) Policy of the
government of India
 Regulated by the Foreign Trade (Development and
Regulation) Act, 1992
 Contains various policy with respect to imports and
exports i.e. export promotional measures, policies
and procedures related thereof
 Prepared and announced
by the Central Government (Ministry of Commerce
and Industry) for every 5 years of span.

, HISTORY
• Directorate General of Foreign Trade (DGFT) is the main
governing body related to Exim Policy.
• Foreign Trade Act replaced the earlier law known as the
“Imports and Exports (Control) Act 1947”.
• In the year 1962, the Government of India appointed a
Special Exim Policy Committee to review the government
previous export import policies.
• The committee was later approved by the Government of
India.
• Mr. V. P. Singh, the then Commerce Minister, announced
the Exim Policy on the 12th of April, 1985.
• Initially the EXIM Policy was introduced for the period of
three years.
• The main objective to boost the export business in India.