Commerce ministry unveils draft comprehensive export policy 2019

New Delhi, May 28 (KNN) The Commerce Ministry has come out with a comprehensive draft of the export policy that includes product-specific rules to provide a ready reckoner for exporters.

In a notification Directorate General of Foreign Trade (DGFT) said, “Based on inputs received from various partner government agencies, it is proposed to bring out a comprehensive exports policy for all ITC (HS) tariff codes (including items which are ‘free’ for export and do not currently exist in the policy), covering conditions/restrictions imposed by partner government agencies on exports.”

The draft policy is aimed at consolidating the export norms for each product as applicable at different government agencies.

The compendium will help an exporter know all the applicable norms pertaining to a particular product, helping him/her understand policy conditions for that item.

Every product has been accorded eight digit HS codes.

This exercise is for consolidating the norms and not for making any changes in the existing export policy of the country. The DGFT said that the updated draft had been prepared by including all existing policy conditions, all notifications and public notices issued after January 2018.

Besides, it also includes non-tariff regulations imposed by different government agencies.

Comments/suggestions on the Draft Export Policy 2019 (excluding Policy of specific items) are invited from all the stakeholders/exporters, said DGFT.

The draft policy will be available on the DGFT website for next 10 days. Suggestions/comments (if any) may be sent to Export Cell, DGFT on export-dgft@nic.in