COMPENDIUM ON INDIA’S TRADE PORTAL - CIIcii.in/WebCMS/Upload/Brochure.pdf · The portal is a complete guide to the prospective Indian exporters and importers particularly with SAARC,

COMPENDIUM ON

INDIA’S TRADE PORTAL

An Initiative Towards Trade Facilitation by

Government of India

Website:- http://trade.iift.ac.in/

Compendium on

India’s Trade Portal

World trade has expanded rapidly over the past decades. An important factor contributing to the growth in trade has been the periodic rounds of successful bilateral and multilateral trade negotiations which have led to a considerable reduction in tariffs on goods crossing national borders. India has entered into trading agreements with various countries of the world with the objective of boosting its external trade. Foreign Trade Policy of India has always focused on substantially increasing the country’s share of global merchandise trade. Accordingly the Government of India has been taking various steps towards boosting its trade with the rest of the world by adopting policies and procedures which would help to increase and facilitate both exports and imports with the other countries of the world. Increase in exports is of vital importance for a growing economy like India, but at the same time it is also important to facilitate those imports which are required to stimulate the economy. Thus, to facilitate and thereby increase export to and imports from the rest of the world, a web based Trade Portal has been developed under the initiative of the Department of Commerce, Government of India. Salient Features of India Trade Portal:

� Classification of goods at country-specific disaggregated HS levels 6, 8, 9, 10 etc.

� Updated tariff data for India, ASEAN and India’s Top 25 export destinations

� SPS-TBT requirements for India and Top 25 export destinations � Search Criteria Based on HS Codes and / or Product Names

Tariff Data:

� Classification at country-specific disaggregated HS levels 6, 8, 9, 10 etc. � MFN Tariff for India at disaggregated HS Codes � MFN Tariff for ASEAN at disaggregated HS Codes � MFN Tariff for India’s Top 25 export destinations � Bilateral and Preferential Tariff Data under

o India –ASEAN FTA o India-Sri Lanka FTA o Agreement on SAFTA o Asia Pacific Trade Agreement o India-Malaysia CECA o India-Singapore CECA o India-Japan CEPA o India-Korea CEPA o India - MERCOSUR PTA o Duty Free Tariff Preference for LDC`s o India - Afghanistan PTA o India-EU GSP Preference o India-Thailand EHS

Targeted Beneficiary The portal is a complete guide to the prospective Indian exporters and importers particularly with SAARC, ASEAN and Top 25 Countries. It provides access to the various documents in terms of Rules of Origin and SPS-TBT requirements that an Indian trader requires to know while importing and exporting.

A Snap-shot of the Portal Step I: Getting the Portal Information The web portal is menu driven, providing two separate menus for

1) Compendium of India’s Import data:- By clicking `Compendium of India’s Import data’ on home page, the user can see the countries from where he wants to import and get India’s Tariff, Preferential tariff and Rules of Origin(if applicable).

2) Compendium of India’s Export data:- By clicking `Compendium of India’s Export data’ on home page, the user can see the countries where he wants to export and get MFN Tariff, Preferential tariff, SPS-TBT and Rules of Origin(if applicable).

Step II: Getting the Tariff Information For getting Tariff information of a particular product, the user has to enter either the product HS code (at any level-two, four, six or eight digit level) or the product name description. The Tariff page which opens consequently provides: a) Basic Tariff, b) Preferential Tariff, c) Rules of Origin, d) SPS-TBT requirements (if applicable)

Step III: Getting the Details of Rules of Origin Rules of Origin column gives information about Rules of Origin in terms of preferential rate (wherever applicable) in export and import of the goods. By clicking on content of RoO the user is directed to a new page for detailed information on Rules of Origin.

Step IV: Getting the Details of SPS-TBT Requirement. By clicking the content in the Column “SPS requirements” and “TBT Requirements” the user is directed to web page containing list of various requirements as per the following:

� SPS (Chapters 01 to 24) 1)General Regulations

2) Specific Regulations 3) Food Additives 4) Pesticides and Drugs

� TBT (Chapters 25 to 98) 1) General Regulations 2) Specific Regulations

Department of Commerce Ministry of Commerce and Industry

Government of India (The contents of this portal are for general reference. Visitors to the portal are advised to verify the same from the relevant authorities to ascertain the latest

information as there may be gap in terms of updation of information.)