Current Status of EXIM in India

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The EXIM policy lays down simple and transparent rules and procedures that are extremely easy to comply with. They are extremely useful as they administer efficient management of foreign trade in India. The EXIM Policy strives to highlight the country’s trade for employment generation and economic growth. The Tariff Act lays down how the customs duties will be levied on import and export trade.

The overall exports of our country have exhibited immense growth in tunisia phone number list the year 2023-24. They have officially reached a target of 776.68 billion dollars in exports in the last financial year. In the merchandise export sector, about 17 of the 30 crucial sectors have shown positive growth when compared to the year 2022-23. The following sectors show the following growth percentages:

Engineering Goods (2.13%)
Tea (1.05%)
Textile and handloom products (.71%)
Miscellaneous products and cereal preparation (8.96%)
Oil meals and seeds (7.43%)
Tobacco (19.46%)
Fruits and vegetables (13.86%)
Ceramics and glass products (14.44%)
Iron ore (117.74%)
Electronics (23.64%)
Infrastructure for EXIM in India
Approximately 95% of India’s merchandise trade is controlled by its maritime transport. The biggest port in the country is the Jawaharlal Nehru Port Trust in Maharashtra. It handles over 55% of the container cargo across the country’s major ports. The country has a presence of about 20 container depots and freight stations for trade.