Quick Summary
As per the data available with the Directorate General of Commercial Intelligence and Statistics (DGCIS) exports in 2019-20 were $ 313.36bn as compared to $330.08bn in 2018-19. A statement showing the State-wise Exports during 2018-19 and 2019-20 is Annexed. Several measures have been taken recently to boost export credit, which include the following: On 01-04-2020, RBI extended the time period for realization and repatriation of export proceeds for exports made up to or on 31-07-2020 f
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FAQ :
Exports in 2019-20 were $313.36 billion, down from $330.08 billion in 2018-19.
The RBI extended the time period for realisation and repatriation of export proceeds for exports made up to 31st July 2020 from 9 months to 15 months.
The maximum permissible period for pre-shipment and post-shipment export credit has been increased from one year to 15 months for disbursements made up to 31st July 2020.
Yes, the sanctioned limit for classification of export credit under PSL has been enhanced from Rs.25 crore to Rs.40 crore per borrower.
The Directorate General of Foreign Trade is implementing schemes for export incentives, access to duty-free inputs, refund of duties and taxes, and transport and marketing support. State and District Export Promotion Committees have also been set up, particularly in Tamil Nadu.
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