CBEC has said a duty-free shop in a Customs area should not be treated as a warehouse.
RBI should monitor export credit offtake and how well banks implement its instruction.
For growth in export, continuous gain in productivity is essential.
The disturbing aspect about the fall is that it comes as the US and European economies are relatively more stable and improving
On its part, the Reserve Bank of India tried to help exporters by easing some restrictions imposed on holders of Exchange Earners Foreign Currency accounts and by giving effect to the commerce minister's announcements regarding extension of the interest subvention scheme for one more year and for more items.
It is not easy to be positive on Indian economy. But it is worth a try to do so this festive season thanks the positive developments of the recent past.
At a time of falling GDP growth, the case for boosting revenue by increasing the tax rates is weak.
The zero-duty EPCG scheme is in addition to the 3 per cent EPCG scheme that was introduced last year.
The exporters need to be told sometime or the other that the playing field can never be the same for all countries. Every country has its own advantages and disadvantages in terms of its natural endowments, capabilities of its manpower, stage of development, levels of technology absorption and so on. Each country has to make the best of what it has and carry on, says T N C Rajagopalan.
It is the season for submitting 'wish lists' to the finance minister. Let me make only one point today, which is to simplify the duty rate structure.
The boom in world trade has ensured that export has grown by over 20 per cent. Has the FTP contributed to the stellar growth in exports? T N Rajagopalan thinks it did.
As expected, some WTO members have expressed immediate reservations and it looks far from certain as to whether the WTO can end up achieving anything. In fact, the very relevance of the DDR and even the WTO are now being questioned by independent observers. WTO Director General Pascal Lamy was hopeful the negotiating texts clearly indicate where convergence lies among the WTO members and that the documents provide a springboard for a new and critical stage.
Does intervention by central banks in the currency markets, with a view to keeping the home currency weak and help the exports, constitute a subsidy? Some US legislators think so.
The government has notified new rules to enforce Intellectual Property Rights at the imports stage. The notifications prohibiting import or export of goods that infringe on IPR have also been issued.
One of the bold proposals in the Finance Bill, 2007, is amendments in the law relating to valuation of imported and export goods
The Central Board of Excise and Customs has decided to prescribe time limits for various activities following representations from the trade and recommendations from the Comptroller and Auditor General of India
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