MAJOR INITIATIVE ON IMPROVING 'EASE OF DOING BUSINESS' IN INDIA

Process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24×7 bases at the eBiz website. This had led to ease of filing applications and online payment of service charges.

Read More:

https://drive.google.com/file/d/0B1rRav-P4-8JVkt4amhkeWtoOUE/view?usp=sharing

Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14

Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 announced by Union Commerce and Industry Minister Mr. Anand Sharma, on 18th April, 2013:

Highlights:

• Measures to revive investors’ interest in SEZs
• Zero Duty Export Promotion Capital Goods (EPCG) Scheme to cover all sectors
• Widening of Interest Subvention Scheme
• Widening the Scope of Utilization of Duty Credit Scrip
• Market and Product Diversification
• Incremental Exports Incentivisation Scheme extended for the year 2013-14
• Facility to close cases of default in Export Obligation
• Served from India Scheme (SFIS), duty credit scrips shall now be calculated on the basis of net free foreign exchange earned
• VKGUY (Vishesh Krishi Gramin Udyog Yojana) Scheme has been amended
• Status Holder Incentive Scheme (SHIS) not available for the year 2013-14
• Utilization of recredited 4% SAD scrips shall be allowed upto 30.09.13
• Duty free Import Authorization Scheme (DFIA) Amended Import of Cars/ Vehicles allowed at CAD Faridabad and Ennore Port (TN)
• Improvement in quality and timeliness of Foreign Trade Data
• Electronic Data Interchange Initiatives
• Ease of Documentation and procedural simplification
• Widening of items eligible for import for Handloom/ Made ups and Sports Goods

https://docs.google.com/file/d/0B3dVi3eBp2ZCTkk3Y0o2TmpJVGc/edit?usp=sharing


Source: http://commerce.nic.in/pressrelease/pressrelease_detail.asp?id=3011