TaxTMI 
TaxTMI 
Efforts to increase exports
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....fforts to increase exports <br>News and Press Release<br>Dated:- 5-2-2021<br><BR>During April-November, 2020-21, India's overall (merchandise and services) exports were USD 304.53 billion, higher than overallimports of USD 293.56 billion, resulting in a trade surplus of USD 10.97 billion. The following are some of the key steps taken by Government to increase exports: * Foreign Trade Policy (20....
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....15-20) extended by one year i.e. upto 31-3-2021 due to the COVID-19 pandemic situation. * Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended by one year i.e. upto 31-3-2021. * A new Scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), has been launched with effect from 01.01.2021. * Common Digital Platform for Certificate of Origi....
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....n has been launched to facilitate trade and increase FTA utilization by exporters. * A comprehensive "Agriculture Export Policy" to provide an impetus to agricultural exports related to agriculture, horticulture, animal husbandry, fisheries and food processing sectors, is under implementation. * Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion S....
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....ervices Sectors. * Promoting districts as export hubs by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district. * Active role of Indian missions abroad towards promoting India's trade, tourism, technology and investment goals has been enhanced. * Pack....
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....age announced in light of the covid pandemic to support domestic industry through various banking and financial sector relief measures, especially for MSMEs, which constitute a major share in exports. This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Hardeep Singh Puri, in a written reply in the Rajya Sabha today.<BR> News - Press release - PIB....