TaxTMI 
TaxTMI 
Revival of Exports
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....evival of Exports <br>News and Press Release<br>Dated:- 10-12-2021<br><BR>There are signs of revival of exports of the country. India's overall exports (merchandise and services) has increased by 39.74% in 2021-22 (April-October) as compared to the corresponding period of previous year. In order to boost India's exports, the Government has taken several measures which include: * The mid-term re....
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....view (2017) of the Foreign Trade Policy (2015-20) was carried out and corrective measures were undertaken. * Foreign Trade Policy (2015-20) extended by one year i.e. upto 31-3-2022 due to the COVID-19 pandemic situation. * Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme. * A Cent....
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....ral Sector Scheme -'Transport and Marketing Assistance for Specified Agriculture Products'-for providing assistance for the international component of freight to mitigate the freight disadvantage for the export of agriculture products. * Remission of Duties and Taxes on Exported Products (RoDTEP) scheme and Rebate of State and Central Levies and Taxes (RoSCTL) Scheme have been launched with effe....
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....ct from 01.01.2021. * Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase FTA utilization by exporters. * Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion Services Sectors. * Promoting districts as export hubs by identifying products with export potential in each district, addressing bottlenecks....
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.... 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. * Package announced in light of the Covidpandemic to support domestic industry through various banking and financial sector relief measures, especia....
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....lly 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, Smt. Anupriya Patel, in a written reply in the Rajya Sabha today.<BR> News - Press release - PIB....