banking
overview
| news
| basics
|
lendings
|advanced banking
| products
| IT
in banking
articles
& policies |
banking software|
deposits|
bank directory|
internet banking|
bank results|
banking & you
Click for "Policy Guidelines"
Click for "Features on Banking"
Click for "Daily News"
14 Procedural Simplification & Rationalisation Measures:
Foreign Trade Policy 2004-09
(a) All exporters with minimum turnover of Rs.5 crores and good track record shall be exempt from furnishing Bank Guarantee in any of the schemes, so as to reduce their transactional costs.
(b) All goods and services exported, including those from DTA units, shall be exempt from Service Tax.
(c) Validity of all licences/entitlements issued under various schemes has been increased to a uniform 24 months.
(d) Number of returns and forms to be filed have been reduced. This process shall be continued in consultation with Customs & Excise.
(e) Enhanced delegation of powers to Zonal and Regional offices of DGFT for speedy and less cumbersome disposal of matters.
(f) Time bound introduction of Electronic Data Interface (EDI) for export transactions. 75% of all export transactions to be on EDI within six months.
<<<< Back to Main Page of Foreign Trade Policy 2004-09
about us | contact us |
associate | terms of use | disclaimer
©copyright banknetindia.com All rights reserved worldwide.