Exim Policy

Exim policy, 1985 and onwards Accordingly the export-import policies (Exim policy were announced by the government first in 1985 and then in 1988 for three year period. Again the exim policy was revised in 1990. All these policies made necessary for provision for extension of import liberalisation measures. All these policies made necessary provision for import of capital goods and raw materials for industrialisation of REP (Registered Exporters Policy) licenses, liberal import of technology and policy for Export and Trading Houses. The Exim policy 1985 was designed to facilitate production and thus make provision for easier and quicker access to imported inputs, strengthening export production base, technological up-gradation and arranging savings in imports. Accordingly, import of 53 items were decanalised : (a)201 items of industrial machinery were placed on OGL; “Import-Export Pass Book Scheme” was introduction; (b) import of 67 items of raw materials and components was transferred to limited permissible list and (c)adoption of two tier policy for import of computer and computer based systems.
Exim Policy, 1988 On March 30, 1988 the Import-Export Policy (Exim Policy) was modified. Accordingly, (a) 745 items were placed on OGL; (b) scope for import replenishment was widened; (c) import of 26 items decanalised; (d) eligibility limit for export and trade houseswas fixed etc.
Exim Policy, 1990 On April 30, 1990 the Government announced a new Import-Export Policy for a three year period, terminating the previous policy. The provisions made in this new policy include the following (a)OGL list of imports expanded and 82 capital goods items were included; (b) import of certain raw materials have been canalised : (c) introduction of automatic licensing upto 10 per cent of the value of previous imports; (d) expansion of REP licensing scheme; (e) providing additional licenses to Export and Trading Houses to import raw