Exim policy highlights

Following are the highlights of the Mini Exim Policy:

• QRs removed on gold, silver, power and air guns.
• Export of fertilisers liberalised.
• Duty free import for heritage and small hotels.
• DFES allowed on imports of all capital goods.
• Ceiling of export of gifts raised to Rs 500,000.
• Import of prototypes to be allowed for R&D.
• E-commerce initiatives introduced.
• Duty free fuel allowed.
• Gold Card scheme for credit-worthy exporters.
• Drawback band rates for deemed exports decentralised.
• Deemed export benefits for zero duty items.
• Equity base of ECGC hiked to Rs 800 crore.

Mini Exim Policy 2004-05