New Delhi, Jan 16 : Export incentives have been extended to goods exported through the postal mode in electronic form, with effect from January 15, as part of measures to strengthen India’s export ecosystem and promote inclusive growth in cross-border trade, an official statement said on Friday.
Under the revised framework, exports made through the postal channel will now be eligible for benefits under Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP), and Rebate of State and Central Taxes and Levies (RoSCTL).
The move is aimed at improving competitiveness and reducing logistical and cost barriers for exporters, particularly micro, small and medium enterprises, artisans and small e-commerce sellers who depend on postal services for overseas shipments, the finance ministry statement added.
To implement the decision, the Postal Export (Electronic Declaration and Processing) Regulations, 2022 have been amended. Supporting notifications and circulars have been issued to facilitate smooth operationalisation of the extended incentives and to ensure uniform procedures for postal exporters.
India has 28 notified Foreign Post Offices that handle international postal exports under the Customs Act. Over the past few years, several reforms have been undertaken to modernise postal exports, including end-to-end electronic processing of export declarations and improvements in refund mechanisms to make the system more efficient and exporter-friendly.
The postal export framework has also been strengthened through the Hub-and-Spoke model in collaboration with India Post.
More than 1,000 Dak Niryat Kendras have been established across the country to enable easy booking, aggregation and processing of export consignments, especially for small exporters and businesses in remote areas.
The extension of export incentives to the postal channel is expected to expand participation in global e-commerce, enhance export opportunities for smaller players, and support the integration of MSMEs into international markets, contributing to sustained growth in India’s exports. (UNI)
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