Home / Knowledge / News / FIEO seeks more procedural simplifications in FTP
FIEO seeks more procedural simplifications in FTP
02
Jun '12
Over the year the Government has taken various initiatives to simplify and rationalize the procedural complexities in exports. Such measures have considerably reduced exporters transaction time and cost. Still, Indian exporters have to suffer transaction cost about 8% to 10% of the value of exports.

This was stated by Mr. Rafeeque Ahmed, President, Federation of Indian Export Organizations (FIEO). According to Mr. Ahmed, FIEO has suggested various procedural simplifications like clubbing exports from different Ports for grant of Duty Credit Scrips, dispensation of Registration and Verification of Duty Credit Scrips for exports from EDI Ports, exemption from Terminal Excise Duty under deemed exports, EDI connectivity among all the thirteen agencies involved in imports and exports, etc.

All these will help in reducing the transaction cost and time of exporters, and the Foreign Trade Policy is likely to minimise procedural hurdles, added Mr. Rafeeque Ahmed.

He informed that under Export Promotion Capital Goods (EPCG) Scheme also, FIEO has sought concessions in export obligation fulfilment and suggested several measures to this effect. Currently, certain facilities like import of spares under EPCG Scheme available under the Foreign Trade Policy provisions are not being allowed by the Customs. Exporting community hope that all such lacunae will be cleared in the new Foreign Trade Policy provisions.

Federation of Indian Export Organizations (FIEO)


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search