Wait...
  1. Home >
  2. Export Import News >
  3. SEZ >
  4. Govt begins process to revamp export schemes >
  5. Govt begins process to revamp export schemes

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Govt begins process to revamp export schemes.


Date: 16-03-2018
Subject: Govt begins process to revamp export schemes
Sources said the commerce department has started the exercise and various options are being explored even as the government prepares to address American concerns during consultations at WTO. Commerce secretary Rita Teaotia said one option was to move from export incentives, which include refund of taxes, to product-specific subsidies that many countries offer. However, this would entail a massive budgetary outgo. Deliberations are planned over the next few days, although officials said a solution may not be readily found.

A transition to the regime would mean that the government will offer incentives to a few textiles clusters, instead of incentives to all textiles exporters. “This will benefit not just exports but also goods sold in the domestic market and improve quality. But for this, we will need additional funds,” said a government official.

The sources said China was depending on product specific support by setting up SEZs to overcome this problem. A section within the commerce department, which was not too keen on NITI Aayog’s plan for coastal economic zones, now believes that the enclaves could offer an option. The NITI Aayog plan, prepared by former vice-chairman Arvind Panagariya, involved setting up of a zone for textiles and another one for electronics with Andhra Pradesh, Gujarat and Odisha evincing interest.

While the government had been expecting a challenge at WTO for the last few months, it had not begun detailed discussions on a new mechanism to replace the schemes that offered subsidies. The textiles ministry has so far failed to suggest an alternative, although the scheme for the sector — which is WTO non-compliant — is due to expire from January.

Sorce: timesofindia.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: 25-08-2020



Date: 12-07-2020
Instruction No. 12/2020-Customs
Requirement of AGMARK certification prior to import of Blended edible vegetable oils-reg.

Date: 10-07-2020
Notification No. 30/2020 - Customs
Seeks to amend notification No. 09/2012-Customs dated 09.03.2012, providing for extension of last date of re-import by three months, for those cases where the last date of such re-import falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 10-07-2020
Instruction No. 11/2020-Customs
Requirement of Veterinary Certificate for Import of Milk and Milk Products into India-reg

Date: 09-07-2020
Notification No. 18/2020-Customs (ADD)
Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021.

Date: 08-07-2020
Notification No. 17/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of ' Steel and Fibre Glass Measuring tapes and their parts and components ',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 06-07-2020
Circular No.32/2020-Customs
Circular No.32/2020-Customs dt 6th July 2020 on Turant Customs – Turant Suvidha Kendra and Other Initiatives for Contactless Customs - reg.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules



Exim Guru Copyright © 1999-2020 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001