(1) Export performance (FOB/FOR) of US $ 100 million during current and previous two years.
(2) Export performance (FOB/FOR) of US $ 500 million during current and previous two years.
(3) Export performance (FOB/FOR) of US $ 1000 million during current and previous two years.
(4) Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.
Export Performance for Three Star Export House
The Foreign Trade Policy (FTP) 2015-2020 outlines the criteria for different categories of Star Export Houses based on their export performance.
Three Star Export House Criteria
To qualify as a Three Star Export House under the FTP 2015-2020, a company must meet the following export performance requirement:
- Achieve an export performance (both FOB - Free On Board and FOR - Free On Rail) of at least US $ 100 \text{ million} during the current financial year and the preceding two financial years.
This requirement focuses on sustained export achievements over a three-year period.
Important Questions from India’s foreign trade policy
Which of the following is true about India Trade Policy (Export-Import), 2015-2019?
a) Doubling the exports (both merchandise and services)
b) Achieve 3.5% share in global exports
c) Introduced two new schemes (MEIS and SEIS)
d) Introduced simplified Aayat-Niryat Form
Choose the correct answer from the following:
The Government of India on 27-9-22 extended the existing Foreign Trade Policy (2015-20) up to which one of the following on account of volatile global economic and geo-political situation and currency fluctuations?
Foreign trade can contribute manifold to the growth. With reference to the role of foreign trade in economic development, which of the following statements is correct?
I. It enhances the welfare of domestic workers.
II. It helps to reduce poverty completely in all developing countries.
- Which of the following acts governs the anti-dumping duty in India?
Under the Foreign Trade Policy 2015-2020, following additional ports are allowed for export and import :
(a) Calicut Airport, Kerala
(b) Rajkot Airport, Gujarat
(c) Arakonam ICD, Tamil Nadu
(d) Ludhiana Airport, Punjab
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