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After clocking impressive record $95bn exports in Q1FY22 government is in buoyant mood of consolidating the run rate so as not to lose onto the sustainable gains.
Proactively commerce and industry minister Piyush Goyal recently exhorted Exporters community to set industry a target before them to achieve 400$ Bn. Echoing the same confidence new incumbent FIEO, President Dr A Sakthivel underlined the optimism that it's quite achievable.
Measure:
Easier SEZs rules
Fast tracking refund taxes & levies to Exporters
It is already work in progress as Commerce Secretary, B V R Subramanyam is already in continuous dialogue with industry to further rationalise & simplify procedures.
Also there's a near unanimity on the issue that export should not be burdened by local taxes. The guiding principle remains is we should be exporting goods and services, not taxes...and nobody does it.H'ble Union Minister Piyush Goyal maintains that the Indian economy is well on the path to recovery
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