Current Export Policy – Selling to the World! 🚀
Mantra: "Export or Perish" is old. New Mantra: "District as Export Hub".
The government wants every district in India to export something (e.g., Moradabad Brass, Varanasi Silk).
Key Provisions & Schemes 🎁
1. RoDTEP Scheme 💰
- Full Form: Remission of Duties and Taxes on Exported Products.
- Concept: "Taxes cannot be exported."
- How it works: If you paid tax on electricity or fuel while making the product, the Govt refunds it to you. This makes your product cheaper globally.
2. Status Holder Scheme 🎖️
- If you export a lot, you get "Star Status" (1-Star to 5-Star Export House).
- Benefit: VIP treatment at Customs. Self-certification (No inspection).
3. SEZ (Special Economic Zones) 🏗️
- Concept: A "Foreign Territory" within India.
- Benefit: 0% Income Tax for first 5 years. Duty-free import of raw materials.
4. E-Commerce Exports 📦
- New policy supports "Dak Niryat".
- Small artisans can sell directly to USA customers via Amazon/eBay easily.
Focus Areas
The policy focuses on "Sectors of High Growth":
- Electronics (Mobile Phones).
- Pharmaceuticals (Vaccines).
- Green Energy (Solar Panels).
Quiz Time! 🎯
Test Your Knowledge
Question 1 of 5
1. RoDTEP scheme is related to:
💡 Final Wisdom: "The government is rolling out the red carpet for exporters. If you make it in India, they will help you sell it to the world!" 🌍
Next up: Current Import Policy - Open doors, but with a guard! 🚪