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export import bank (EXIM bank). Government or semi-government agency which commonly provides insurance cover to exporters against losses from non-payment by the importers, as a means to promote the country's foreign trade.
by India Briefing. The following is an excerpt from the July 2014 edition of India Briefing Magazine, titled âPassage to India: Selling to Indiaâs Consumer Market.â. In India, the import and export of goods is governed by the Foreign Trade (Development & Regulation) Act, 1992 and Indiaâs Export Import (EXIM) Policy.he First Schedule specifies rates of import duty and the Second specifies rates of export duty. BCD is divided into standard and preferential rates, with goods imported from countries holding trade agreements with the Indian central government eligible for lower preferential rates.