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Export incentive scheme implemented by Commerce department
Dr.G.R.Balakrishnan Mar 16 2023 Exim News

Export incentive scheme implemented by Commerce department

The Department of Commerce, is implementing the Trade Infrastructure for Export Scheme (TIES)  to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports from 2017-18, the Minister of State in the Ministry of Commerce and Industry, Ms. Anupriya Patel said in reply to a parliamentary question .

Under the scheme, financial assistance in the form of grants-in-aid is provided to Central/State Government owned agencies (or their Joint Ventures with major stake-holding by them) for setting up or up-grading export infrastructure in States/UTs.

 

The States can avail of the scheme through their implementing agencies for infrastructure projects with significant export linkages like Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export warehousing and packaging, SEZs and ports/airports cargo terminuses. The Scheme guidelines are available at https://commerce.gov.in/trade-promotion/trade-promotion-assistance/.

Further, Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue has issued Circular in 2020 for streamlining export data to include District level details in Shipping Bills. The same has been done to more effectively capture export data at the level of districts which would assist in efforts for promotion of exports.

Department of Commerce has been actively interacting and engaging with the State Governments / Union Territories to create an enabling environment to boost goods and services exports from the country by way of assisting them in formulating a comprehensive export strategy based on an assessment of State’s strengths.

Financial assistance for a total of 40 export infrastructure projects has been approved during the last four financial years as on 9th March, 2023 under TIES