Press Information Bureau

Government of India

Ministry of Commerce & Industry

14-May-2012 16:42 IST

An inter-Departmental Committee has been constituted on 03.05.11 under the Chairmanship of DGFT to review Deemed Export Scheme.

: The Committee invited suggestions from all Trade Bodies & Export Promotion Councils. Representations/suggestions have been received from forty three Trade Bodies & Export Promotion Councils. Further, an interactive session held by the Committee on 03.08.2011 was attended by 30 representatives of 19 Trade Bodies/Export Promotion Councils. Suggestions received are under consideration of the Committee.

Foreign Trade Policy was announced for five years (2009-2014). The annual supplement of policy is announced every year. For the current year, it is yet to be announced.

This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce & Industry in written reply to a question in Lok Sabha today.

DS/GK

 

Deemed export review: inter-departmental committee solicited industry suggestions and is considering representations before policy supplement. An inter-departmental committee chaired by the DGFT was established to review the Deemed Export Scheme, invited submissions from Trade Bodies and Export Promotion Councils, received representations from forty-three bodies, and held an interactive session with representatives of nineteen organizations; those suggestions are under consideration. The Foreign Trade Policy is issued for a multi-year period with annual supplements, and the current year's supplement had not been announced.