The government has begun a stock-taking exercise of the exports situation in the Goods and Services Tax (GST) regime by looking into proposals on ways to boost employment generation and capacity building of export-oriented Medium and Small Enterprises (MSMEs) as well as measures to address the concerns of exporters while importing raw materials under the GST regime.
In this regard, a meeting of all Regional Authorities of Directorate General of Foreign Trade (DGFT) and the Special Economic Zone Commissioners under the chairmanship of Director General of Foreign Trade, is being held on Thursday and Friday here, an official statement said.
DGFT Regional Authorities, which are interfacing with the exporter community, will deliberate and give specific suggestions on GST and Mid-Term review of Foreign Trade Policy (FTP) 2015-20. Proposals on measures to simplify applications under the FTP, including Importer Exporter Code, Aayat Niryat Forms and other procedural steps to facilitate “ease of doing business” are being deliberated.
The meeting's focus is to clarify to Regional Authorities about various aspects of GST and to gain field-level stakeholder inputs on FTP Mid-Term Review so as to enhance exports. This is expected to ensure that growth momentum achieved recently in India’s exports is maintained and the export of goods and services remain competitive in the global market, the statement said.
