Business IdeasGovt exempts exporters from payment of various fees, charges
The government today exempted exporters from paying fees for availing incentives under various export development schemes and reduced other charges.
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The maximum fee charged on authorisations/licence applications on schemes like focus product, focus market, market access initiative and market development assistance, have been slashed to Rs 1 lakh from Rs 1.50 lakh (manual applications) and to Rs 50,000 from Rs 75,000 (for electronic applications).
The government also extended the time within which exporters can convert shipping bills from one export scheme to another, from one month to three months, according to the Foreign Trade Policy 2009-14 released today.
"No fee shall now be charged for grant of incentives under schemes in Chapter 3 (dealing with export incentives) of the FTP," the policy said.
Also, the government has decided to form an inter- ministerial committee which would resolve issues of exporters.
Further, supplies made to a manufacturer who in turn would pass on the goods to the exporter have been exempted from payment of excise duty in both the stages.
The government also allowed disposal of manufacturing wastes, after payment of excise duty. Besides, automobile firms, which have their own R&D centres, would be allowed free import of petrol and diesel up to 5 kl, it said.
The Commerce and Industry Ministry is also promoting the use of electronic systems with initiatives like EDI ports, electronic message exchange between Customs and the Directorate General of Foreign Trade.
Further, export promotion councils have been advised to issue registration-cum-membership certificates through a web- based online system.
"For EDI ports, with effect from December "09, double verification of shipping bills by customs for any of the DGFT schemes shall be dispensed with," the FTP said.