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MGN697:INDIA FOREIGN TRADE POLICY

L:2 T:1 P:0 Credits:3

Course Outcomes: Through this course students should be able to

CO1 :: analyze the foreign trade policy and there by identify the opportunities for starting up an
export-import venture.

CO2 :: analyze and interpret the trends relating to international trade.

CO3 :: identify and avail export incentives and duty exemption schemes offered by government.

CO4 :: appraise the role of institutions involved in the promotion of international trade.

Unit I
International trade : international trade, need and importance of international trade, the trends in
the world trade direction and composition, india’s foreign trade direction and composition, foreign
trade policies since independence, india’s performance in balance of payment and balance of trade
Unit II
Foreign direct investment and collaborations : policy framework for FDI in india, foreign
collaborations, indian joint ventures abroad, counter trade arrangements, project and consultancy
exports
Unit III
Foreign trade policy : india’s recent trade policy – objectives and features, legal framework, trade
facilitation and ease of doing business
General provisions regarding imports and exports : importer-exporter code, prohibitions on
import and export
Unit IV
Export incentives and schemes : export from india schemes- MEIS and SEIS, duty
exemption/remission schemes –AA, DFIA and duty drawback, EPCG scheme, schemes for exporters of
gems and jewellery
Unit V
Exim oriented units : export processing zones, export oriented units, EHTPS, STPS, BTPS, export
and trading houses, SEZ, export promotion councils, commodity boards/ product export development
authorities, specific service institutions, role of state trading organizations in foreign trade
Unit VI
Deemed exports : deemed exports, categories of supply, benefits for deemed exports, conditions for
deemed export benefits
Quality complaints and trade disputes : quality complaints and trade disputes, obligation on the
part of importer/ exporter, provisions in FT(D&R) act & FT (regulation) rules for necessary action
against erring exporters/ importers, mechanism for handling of complaints/ disputes

Recommended
1. FOREIGN TRADE POLICY by DEPARTMENT OF COMMERCE , MINISTRY OF COMMERCE AND
Readings:
INDUSTRY, GOVERNMENT OF INDIA
2. FOREIGN TRADE-THEORY,PROCEDURES,PRACTICES AND DOCUMENTATION by DR.
KHUSHPAT S.JAIN AND DR. APEXA V.JAIN, HIMALAYA PUBLISHING HOUSE PVT. LTD
3. EXPORT IMPORT MANAGEMENT by PAUL JUSTIN AND ASERKAR, R, OXFORD UNIVERSITY
PRESS

Session 2018-19 Page:1/1

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