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Year End Review - Department of Commerce

News and Press Release - Dated:- 31-12-2015 - Vision and Mission The long-term vision of the Department is to make India a major player in the world trade by 2020 and assume a role of leadership in the international trade organizations commensurate with India s growing importance. DOC s goal is to increase India s exports of merchandise and services from the present level of 465.9 billion USD (2013-14) to approximately 900 billion USD by 2019-20 and raise India s share in world exports from pres .....

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period April-November 2015 total exports in dollar terms were US $ 174.3 billion which shows a decline of 18.5% over corresponding period figure of US $ 213.8 billion in 2014. Decline in non-oil & non-gems and jewellery export for the reporting period is 9.7% in dollar terms and only 3.7% in rupee terms. Thus the basic picture emerging is that excluding petroleum and gems & jewellery, India's exports have marginally in response to contraction of global demand and fall in commodity pr .....

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pendix and Aayat-Niryat forms were also released. The main focus of new FTP was on improving 'Ease of Doing Business' and Trade Facilitation. FTP statement, released for the first time, explains the vision, goals and objectives underpinning the FTP. It describes the market and product strategy envisaged and the measures required not just for export promotion but also for the enhancement of the entire trade ecosystem. New FTP Schemes (i) Export from India Schemes: The new FTP has also sim .....

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nd Village industry products Value added and packaged products Eco-friendly and green products that create wealth out of waste from agricultural and other waste products that generate additional income for the farmers, while improving the environment. Labour intensive Products with large employment potential Industrial Products from potential winning sectors Hi-tech products with high export earning potential (iii) Expansion of Merchandise Exports from India Scheme (MEIS) in Oct 2015: In light o .....

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merce and Industry. Rewards under MEIS are payable as a percentage of realized FOB value of covered exports, by way of the MEIS duty credit scrip, which can be transferred or used for payment of a number of duties including the basic customs duty. The current revision introduces 110 new tariff lines and increases rates or country coverage or both for 2228 existing tariff lines. (iv) Service Exports from India Scheme (SEIS): The new scheme has been made applicable to Service Providers located in .....

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ory structure of ecommerce export is still evolving, scope of the scheme was kept limited. Other important FTP initiatives (i) Interest Equalisation Scheme: The Cabinet Committee on Economic Affairs approved Interest Equalisation Scheme (earlier called Interest Subvention Scheme) on Pre & Post Shipment Rupee Export Credit with effect from 1st April, 2015 for five years. The rate of interest equalisation would be 3 percent. The scheme would be available to all exports of MSME and 416 tariff l .....

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of Commerce may initiate a study on impact of the scheme on export promotion and its further continuation. The study may be done through one of the IIMs.The operational instructions of the scheme would be issued by RBI. (ii) New initiatives for EOUs, EHTPs and STPs: EOUs, EHTPs, STPs have been allowed to share infrastructural facilities among themselves to avoid duplication of efforts and cost to create separate infrastructural facilities in different units. Inter unit transfer of goods and ser .....

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in developing skills of their employees. Time period for validity of Letter of Permission (LOP) for EOUs/EHTP/ STPI/BTP Units has been increased to 2 years to enable the unit to construct the plant and install the machinery with provisions for further extensions. A simplified procedure is being provided to fast track the de-bonding / exit of the STP/ EHTP units. EOUs having physical export turnover of ₹ 10 crore and above, have been allowed the facility of fast track clearances of import .....

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nd User Certificate (EUC) is being simplified if SCOMET item is being exported under Defence Export Offset Policy. (iv) A longer export obligation (EO) period of 24 months has been provided for export items falling in the category of defence, military store, aerospace and nuclear energy instead of the normal 18 months under the advance authorization scheme. A list of military stores requiring NOC of Department of Defence Production has been separately notified. (v) Privileges and preferential tr .....

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lso Status Holders have been enabled to self-certify their manufactured goods as originating from India with a view to qualify for preferential treatment under different Preferential Trading Agreements [PTAs], Free Trade Agreements [FTAs], Comprehensive Economic Cooperation Agreements [CECAs] and Comprehensive Economic Partnerships Agreements [CEPAs], which are in operation Steps to improve Ease of Doing Business (A) Reduction in the number of documents New FTP has brought about reduction in the .....

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ng Business in India. (B) IT initiatives A simplified system for issuance of Importer Exporter Code (IEC) online has been made operational w.e.f. Feb 2015. Online filing of documents/ applications and Paperless trade in 24x7 environment Complaint Resolution System for resolution of EDI related issues has been set up. It is being actively used by exporters. Online system for expediting issuance of authorisations for dual use items (Special Chemicals, Organisms, Materials, Equipments and Technolog .....

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arge dynamic component whereby the trade community can file applications online for IEC and various other schemes of DGFT. The exporters can also see the status of their electronic Bank realization certificates in almost real-time. The website is rich in content with all documents related to Foreign Trade Policy along with a responsive online grievance redressal system. Launch of Mobile Application for Android users for DGFT related services (C) Training of entrepreneurs in the field of exports .....

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of the WTO and during the conference its achievements were recalled by all members. The outcomes of the Conference, referred to as the Nairobi Package contains Ministerial Decisions on agriculture, cotton and issues related to least developed countries (LDCs). These cover public stockholding for food security purposes, a Special Safeguard Mechanism (SSM) for developing countries, a commitment to abolish export subsidies for farm exports particularly from the developed countries and measures rela .....

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the WTO agenda until the DDA has been completed. The DDA was launched as a development Round to benefit a large number of developing countries and LDCs. A few developed countries, including the United States, however, are opposed to the continuation of the Doha Round. As the future of the Doha Round appeared in doubt, India sought and succeeded in obtaining a re-affirmative Ministerial Decision on Public Stockholding for Food Security Purposes honouring both the Bali Ministerial and General Coun .....

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embers will continue to negotiate the mechanism in dedicated sessions of the Committee on Agriculture in Special Session. All countries agreed to the elimination of agricultural export subsidies subject to the preservation of special and differential treatment for developing countries such as a longer phase-out period for transportation and marketing export subsidies for exporting agricultural products. Developed countries have committed to removing export subsidies immediately, except for a few .....

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ting, of which 23 countries were represented by their respective Ministers. During the Meeting, the Trade Ministers of India and Africa agreed to diversify Africa s export to India, continue joint efforts for improved and equitable growth in trade and investment and enhance cooperation in Africa s SME development. Africa welcomed India s expended and simplified DFTP Scheme for LDCs and commended India s services offer to LDCs. India and Africa committed to continuing the tradition of mutual supp .....

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e, non-discriminatory and rule based international trading system. India views regional trade agreements as building blocks towards the overall objective of trade liberalization as well as complementing the multilateral trading system under the World Trade Organisation (WTO).India has concluded 11 Free Trade Agreements and 5 Limited scope Preferential Trade Agreements. The implications of the RTAs on India can be gauged from the regular impact analysis conducted by the Department of Commerce to .....

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nomic Partnership Agreement (CEPA), India - ASEAN Trade in Goods (TIG) Agreement and India-Malaysia Comprehensive Economic Cooperation Agreement (CECA). Though the preferential imports have been increasing from the period 2009-10 to 2014-15, they are still not significant, ranging from 5.9% of total imports under the India-Malaysia CECA to 29.9% of total imports under the India-Korea CEPA during 2014-15. This clearly indicates that the preferential imports under FTAs have not contributed to the .....

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lines where preferences have been granted. Similarly, there has been no significant increase in imports of consumer goods. This could thus be attributable to use of cost effective inputs for domestic manufacturing. On exports, one could infer that India has not become a supplier of raw material as well as the fact that increase in the share of intermediate and capital goods exports could be linked to rise in the value addition of our exports. Special Economic Zones Special Economic Zone (SEZ) S .....

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on G.S.R. 5(E) dated 02.01.2015 has allowed dual use of facilities in NPA both by SEZ and non-SEZ entities. This will help in optimum utilization of infrastructure set-up in SEZs. Extension of ICEGATE to SEZ Online System: To facilitate paperless transaction for movement of goods for imports and exports from SEZs to Ports, integration of Customs ICEGATE system to SEZ Online system have been launched on pilot basis from Madras SEZ on 19.01.2015. The programme is running successfully. Further, tra .....

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d launched on 14.08.2014 in all SEZ Zones. Digitization and on-line processing of works related to SEZs: A pilot module on digitization and online processing of works related to SEZ Developers and units was prepared. In the first phase five activities of the Developers and twelve activities of the Units have been digitized and implemented in all SEZs w.e.f 01.11.2014. In the second phase seven activities of Developers and eight activities of Units have been digitized and implemented in all SEZ Z .....

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gitisation: 100% digitisation has been achieved in all major Spices Board offices including its Head office in Kochi and offices in NER. The Coffee Board has already digitised the licensing of importers and exporters. National Institute of Smart Government has started work on digitising the licensing and subsidy disbursement functions of the Tea Board. Tea Trust Tea : A sustainability code - named as Trustea , has been launched by the Tea Board in collaboration with the industry and other stakeh .....

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ussed with the industry. The strategy will involve higher exports of orthodox, Darjeeling green tea, branded, packaged and value added tea. Enforcing PPC and developing standards for tea: A Plant protection Code (PPC) for cultivation and manufacture of quality tea is introduced in all tea gardens from 1.1.2015. This will mandate the producers/manufacturers to provide undertaking about the quality of tea manufactured and supplied by them. The Ministry is also working with the FSSAI to notify stan .....

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s. Spices Codex Committee: The Codex Alimentarius Commission (CAC) has agreed to set up, on India s request, to set up a Committee on Spices and Culinary Herbs (CCSCH) with India as the host of the committee. The first Session of the Codex Committee on Spices and Culinary Herbs (CCSCH) was held in February 2014 in Cochin.. Setting up Saffron Production& Export Development Agency : A Saffron Production & Export Development Agency (SPEDA) with headquarters in Jammu & Kashmir for the J& .....

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he development of spices in the notified regions in collaboration with the Central and state agencies. Coffee Addressing White Stem Borer problem: A National level steering committee of departments, and research institutions in the public and private sector including IARI, CCRI etc. has been formed to coordinate and fast-track the research initiatives in the area of white stem borer and to address the problem of fall in productivity of Arabica coffee. Mainstreaming of States for Boosting Exports .....

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ssioners. c) Export Awards: 6States have intimated institution of export awards. 3 new Inland Container Depots (ICDs) and 5 new Container Freight Stations (CFSs) were approved in 2014-15 as a measure to expand exports through container traffic. In the last 5 years (from 1.4.2010 to 31.3.2015), 65 Inland Container Depots/Container Freight Stations have been approved by the Department of Commerce. A major exercise was undertaken to update the status of all permission granted by the Inter Ministeri .....

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Trade Development and Promotion has been constituted vide notification dated 03.07.2015 to develop partnership with States in India s export efforts. The 1st meeting of the Council is scheduled on 8th January, 2016. The Union Commerce & Industry Minister is the Chairperson of the Council and Ministers of Commerce and Industry in States are members along with Secretaries of concerned central Departments/Ministries and heads of other concerned organization. Hannover Messe April 2015: The Hanno .....

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