Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

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: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 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