Incentives demanded by exporter's group for more products

Exporter's body, Federation of Indian Export Organisations (FIEO) recently stated that more products such as auto components and jewellery should be included in the sops proffered to other products. FIEO President Mr Ganesh Kumar Gupta said that as per the national e-commerce policy draft only some products such as handloom, books, handicraft, leather footwear, and toys would enjoy exports sops under the Merchandise Exports from India Scheme (MEIS).

FIEO feels that including mote products in the incentives list would also augment outbound shipments. Many MSME (micro, small and medium enterprises) units that export auto-components are kept out of MEIS and hence the list of apparently needs immediate expansion. The government provides duty benefits depending on product and country under MEIS. Mr Gupta added that as various acts and policies define the world differently, the proposed policy should bring about a uniform definition of e-commerce.

To boost high value shipments exports through courier mode through the fast track facility, the limitation of INR 25,000 for e-commerce exports or imports through courier, should be either eliminated or enhanced to INR 5 lakh.

Mr Gupta also said that considering the need of the hour was that the entire e-commerce transaction should be carried out through electronic module it was ironic that the e-commerce retails exports were still using the manual mode. He further mentioned that as e-commerce is a rapidly growing market a booming business across the world, this was the most appropriately timed initiative of bringing this draft.

Besides, he stated that such a policy would help MSMEs explore new markets and also, the need to encourage cross-border e-commerce was most logical as now there's increasing IT access and digitization.

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