Quick Summary
Government takes several steps to boost Indian exports New Logistics division created under Department of Commerce for integrated development of the logistics sector Remission of Duties and Taxes on Exported Products (RoDTEP) scheme and Rebate of State and Central Levies and Taxes (RoSCTL) Sch
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FAQ :
The new Logistics Division has been created under the Department of Commerce for the integrated development of the logistics sector to support Indian exports.
RoDTEP (Remission of Duties and Taxes on Exported Products) and RoSCTL (Rebate of State and Central Levies and Taxes) are schemes implemented from January 1, 2021, to boost exports by providing remission and rebates on duties and taxes.
The government has identified 12 'Champion Services Sectors' and is pursuing specific action plans to promote and diversify services exports.
This initiative aims to identify products with export potential in each district, address export bottlenecks, and support local exporters to boost district-level exports and employment.
A package has been announced to support domestic industries, particularly MSMEs, through various banking and financial sector relief measures in light of the COVID pandemic.
The Foreign Trade Policy (FTP) 2015-20 was launched on April 1, 2015, and was extended by one year until March 31, 2022, due to the COVID-19 pandemic.
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