Chaudhary and finance secretary Hasmukh Adhia at the mid-term review of the foreign trade policy in New Delhi on Tuesday. Photo: PTINew Delhi: The government on Tuesday announced a series of steps to revive exports amid disruptions to supply chains arising from the implementation of the goods and services tax (GST). Fresh export incentives to labour intensive sectors and services that will cost the exchequer Rs8,450 crore annually were announced as part of a mid-term review of foreign trade policy for 2015-2020. The review of the foreign trade policy, initially scheduled to be released on 1 July, was delayed to compensate for any impact of GST on exporters. The mid-term review proposes to set up a single point of contact at the Directorate General of Foreign Trade for exporters and importers.

Source: Mint December 05, 2017 19:30 UTC