Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Highlights of mid-term review of Foreign Trade Policy >
  5. Highlights of mid-term review of Foreign Trade Policy

Online Export Import Data Search

Complete Training Video : Click Here

Highlights of mid-term review of Foreign Trade Policy.


Date: 06-12-2017
Subject: Highlights of mid-term review of Foreign Trade Policy
NEW DELHI: Following are the highlights of the Mid-Term Review of the Foreign Trade Policy (FTP) 2015-20 released by Commerce and Industry Minister Suresh Prabhu here today: 

*Scope of Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) enhanced. 

*MEIS incentive raised for ready-made garments and made- ups by 2% (additional annual outgo Rs 2,743 crore). 

*Across-the-board increase of 2 per cent in existing MEIS for exports by MSMEs/labour incentive industries (Rs 4,567 crore). 

*Annual incentive increased by 34 per cent to Rs 8,450 crore. 

*SEIS incentives raised by 2 per cent with a view to boosting services sector exports (Rs 1,140 crore). 

*Validity of Duty Credit Scrips increased from 18 months to 24 months to enhance their utility in GST framework. 

*To focus on improving ease of trading across borders for exporters and importers. 

*Professional team to handhold, assist and support exporters in accessing markets, meeting regulatory norms. 

*New Logistics Division to promote integrated development of the logistics sector. 

*State-of-the-art trade analytics division in DGFT for data-based policy actions. 

*New agricultural exports policy to focus on increasing exports of value-added agri products. 

*New Services Division in DGFT to examine Exim policies and procedures to push services exports. 

*Supplies of goods and services to SEZs to be treated as zero rated under GST. 

*Import of second hand goods for repair/refurbishing/re- conditioning/re-engineering .. 

*Increase focus on exploring new markets and products, raising share in traditional markets and products. 

*Promotion of exports by MSMEs and labour intensive sectors to increase employment opportunities for youth. 

*To enhance participation of Indian industry in global value chains.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-10-2018
Notification No. 71/2018-Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002.

Date: 11-10-2018
Notification No. 74/2018–Customs
seeking to ammend First Schedule of Customs Tariff Act, 1975.

Date: 11-10-2018
Notification No. 75/2018 – Customs
seeking to ammend Notifcation No. 57/2017 dated 30th June, 2017

Date: 11-10-2018
Notification No. 76/2018 – Customs
seeking to ammend Notifcation No. 24/2005 dated 1st March, 2005

Date: 10-10-2018
Notification No. 22/2018-Central Excise
Seeks to amend notification No. 11/2017-Central Excise dated 30th June, 2017 in order to reduce Central Excise duty rates on Aviation Turbine Fuel.

Date: 09-10-2018
Notification No. 51/2018-Customs (ADD)
seeks to amend the notification No. 23/2103 dated the 10th October, 2013 to extend the levy of anti-dumping duty on the imports of " Ductile Iron Pipes " originating in or exported from China PR..

Date: 09-10-2018
Circular No. 37/2018-Customs
Cases where IGST refund have not been granted due to claiming higher rate of drawback or where higher rate and lower rate were identical

Date: 09-10-2018
Notification No. 53/2018 – Central Tax
Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018.

Date: 09-10-2018
Notification No. 54/2018 – Central Tax
Seeks to make amendments (Twelfth Amendment, 2018) to the CGST Rules, 2017. This notification amends rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10).

Date: 09-10-2018
Notification No. 53/2018 – Central Tax
Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018.



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001