Financial Daily from THE HINDU group of publications
Monday, Jul 21, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Foreign Trade


Foreign trade procedures to be streamlined

K.R. Srivats

New Delhi , July 20

THE Department of Commerce has initiated steps towards streamlining the procedures of the appellate mechanism available under the Foreign Trade (Development and Regulation) Act, 1992 (FTDR), the Director General of Foreign Trade (DGFT), Mr L. Mansingh, has said.

The streamlining of such procedures is expected to help the exporting community in redressing their grievances in a quicker timeframe.

"We will also examine the need as well as the possibility of putting in place a parallel system on the lines of the one available for settlement under the Customs Act," Mr Mansingh told Business Line on the sidelines of an open house on Exim Policy organised by the Federation of Indian Export Organisations (FIEO).

A section of exporters have been demanding that "settlement commissioners" (similar to the Customs Department) be appointed to sort out various issues relating to Exim Policy and the functioning of DGFT.

On the matter of an electronic data linkage between the customs department and the offices of the DGFT, Mr Mansingh said that establishment of the linkage continued to be a "top priority" for the two Government agencies.

Data link between the two agencies would permit the export data to flow from customs to DGFT and the incentive data to flow from DGFT to Customs, avoiding possibilities of misuse and expediting data exchange.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Taxiless Tuesday


Foreign trade procedures to be streamlined
Call to make healthcare affordable and professional
Bangalore going global on cardiac care
Hotel tech expo in Chennai
I-Kin to catalyse pvt investment in panchayats
Nirmala Nagar scheme from Aug
Auto sales rev up fuel consumption
Foreign cos evince interest in CBM blocks
Centre lauds power reforms process in TN, AP
Transco initiates demand side management for farm sector
`KPCL plant load factor the highest'
Textile panel gets funds for project in Rajasthan
FICCI takes on spurious drug makers — 'Raids reveal loopholes in distribution network'
Courses for FAPCCI members
SCI divestment: `Bidder' makes waves
`Smart materials will fuel tech revolution'
Meet on mobile data services
APSFC entrepreneur seminar
Herbal bio-valley project is on, says Minister
`Water memory' theory revival boosts homeopathy
High tax regime impedes tourism: CII
ISO 9001 for petrol bunk


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line