ANNOUNCEMENT 05 Jun 2012

In June 2012, the government of India announced a changed export promotion.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: 05 Jun 2012 | Removal date: open ended
Still in force

Other export incentive

On 5 June 2012, the Indian Directorate General of Foreign Trade (DGFT) notified the introduction of an electronic system for issuance of Banks Realization Certificates (BRCs), a certificate whose physical submission is currently required for exporters who want to claim export benefits. The new system will transmit the Certificates directly to DGFT's server and is expected to reduce cost and time for the transactions.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A