I (Meaning and importance of Exports) Unit Structure

6. Marine Sector 
Fisheries have been exempted from maintenance of overage 
annual export obligation under EPCG scheme. This is subject to 
the condition that fishing travelers, boats and ships and other 
similar items shall not be allowed to be imported under this 
provision. This would provide a fillip to the marine sector which has 
been affected by the current downturn in exports to recession in the 
world markets. 
7. Gems and Jewellery Sector 
India is becoming a major destination for diamonds and 
diamond jewellery because of customs duty and licensing duty 

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being removed on rough diamonds. Duties on exports of plain and 
non-sided jewellery put jewellery exports in a better position. 
To promote export of gems & jewellery products the value 
limits of personal carriage have been increased from US $ 2 million 
to US # 5 million and export promotion tours, has been also 
increased from US $ 0.1 million to US $ 1 million. 
8. Agriculture Sector 
Because of the 
government‟s initiative to boost agro exports 
through its EXIM policy, the position of this sector has improved. 
Multiple facilities and incentives have been given to help the sector 
diversify and expand. Export, quantitative and packaging 
restrictions have been removed to facilitate agro exports. 
9. Leather Sector 
 
Leather sector shall be allowed re-export of unsold imported 
new hides and skins and semi-finished leather from public bonded 
warehouses, subject to payment of 50% of the applicable export 
duty.
Enhancement of FPS role to 2% would also benefit the 
leather sector. 
10. Tea Sector 
Export of tea has been covered under VKGUY scheme 
benefits. Minimum value addition under advance authorization 
scheme for export of tea has been reduced form existing 100% to 
50% . DTA sale units from the existing 30% to 50% .