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FOREIGN TRADE POLICY 2004-09
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Foreign Trade Policy Chapter » 1A 1B 1C 2 3 4 5 6 7 7A 8 9
 
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Chapter – 1B
clause - (iii)
 

Handicrafts:

  

(a)

New Handicraft SEZs shall be established which would procure products from the cottage sector and do the finishing for exports

 
  

(b)

Duty free import entitlement of trimmings and embellishments shall be 5% of the FOB value of exports during the previous financial year. The entitlement is broad banded, and shall extend also to merchant exporters tied up with supporting manufacturers.

 
  

(c)

The Handicraft Export Promotion Council shall be authorized to import trimmings, embellishments and consumables on behalf of those exporters for whom directly importing may not be viable.

 
  

(d)

Specific funds would be earmarked under MAI & MDA Schemes for promoting Handicraft exports.

 
  

(e)

CVD is exempted on duty free import of trimmings, embellishments and consumables.

 
  

(f)

New towns of export excellence with a reduced threshold limit of Rs 250 crore shall be notified.

 
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