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        Customs, DGFT & SEZ

        Steps to Promote Export during Pandemic

        September 18, 2020

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        Since March 2020, during COVID-19 pandemic, regular meetings were held with the Export Promotion Councils (EPCs), Chambers of Commerce and Industry, Industry bodies and Associations to discuss issues and problems faced by the exporters and ways to promote exports during the pandemic. The issues raised by them were taken up with the concerned Ministries/Departments for an early redressal.

        Government has taken the following key steps to boost exports:

        1. The validity of Foreign Trade Policy (2015-20) extended by one year i.e. upto 31-3-2021 and relaxations granted and time lines extended due to COVID-19.
        2.  Extension of export obligation period in respect of Advance Authorizations and Export Promotion Capital Goods (EPCG) authorizations under Foreign Trade Policy (FTP), extension of Letter of Permissions (LoP) / Letter of Intents (LoI) of Export Oriented Units, various relaxations to SEZ units as a measure to make them functional and to ease compliances and simplification and liberalization of procedures of trade remedial investigations.
        3.  Interest Equalization Scheme on pre and post shipment rupee export credit has been extended by one year i.e. upto 31-3-202.
        4.  Line Ministries have notified various sectoral incentive packages, such as Production Linked Incentive Scheme (PLI) by Ministry of Electronics and Information Technology (MeitY) and PLI Scheme by Department of Pharma for Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs). 
        5.  Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase the Free Trade Agreements utilization by exporters.
        6.  A comprehensive “Agriculture Export Policy” is under implementation to provide an impetus to agricultural exports related to agriculture, horticulture, animal husbandry, fisheries and food processing sectors.
        7.  Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion Services Sectors.
        8. Promoting districts as export hubs by identifying products with export potential in the District, addressing bottlenecks for exporting these products, supporting local exporters/manufacturers to scale and generate employment in the District.
        9.  Strengthening eco-system for adoption / implementation of mandatory technical standards for goods, services and skilling.
        10.  Energising Indian missions abroad towards promoting our Trade, Tourism, Technology and Investment goals.
        11.  Package announced to support domestic industry, including through various banking and financial sector relief measures, especially for Micro, Small & Medium Enterprises (MSMEs), which constitute a major share in exports.

        This information was given by the Union Minister of Commerce and Industry, Shri Piyush Goyal, in a written reply in the Rajya Sabha today.

        Export promotion measures expanded: regulatory relief, financial support, and sectoral incentives to sustain exports during the pandemic. Measures to sustain exports during the COVID-19 pandemic include regulatory extensions and relaxations under the Foreign Trade Policy-such as extended policy validity, extended export obligation periods for Advance Authorisations and EPCG, and eased compliance for EOUs and SEZs-financial support through continued interest support on rupee export credit and banking relief for industry and MSMEs, and sectoral and facilitative interventions including Production Linked Incentive schemes, a common digital Certificate of Origin platform, an Agriculture Export Policy, services promotion plans, district export hub development, technical standards and skilling support, and mobilisation of overseas missions.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Export promotion measures expanded: regulatory relief, financial support, and sectoral incentives to sustain exports during the pandemic.

                                Measures to sustain exports during the COVID-19 pandemic include regulatory extensions and relaxations under the Foreign Trade Policy-such as extended policy validity, extended export obligation periods for Advance Authorisations and EPCG, and eased compliance for EOUs and SEZs-financial support through continued interest support on rupee export credit and banking relief for industry and MSMEs, and sectoral and facilitative interventions including Production Linked Incentive schemes, a common digital Certificate of Origin platform, an Agriculture Export Policy, services promotion plans, district export hub development, technical standards and skilling support, and mobilisation of overseas missions.





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                                ActsIncome Tax
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