New Delhi, March 26 :
New Delhi, March 26:
The commerce ministry has decided to retain the popular Duty Entitlement Passbook (DEPB) scheme which gives back exporters duties paid by them on various components in a different form.
'No WTO rules can stop countries from promoting their exports. The only problem that we have to face are anti-dumping duties imposed by other countries. To take care of that, we will continue our schemes with modifications,' said director general of foreign trade N. Lakhanpal.
Commerce minister Murasoli Maran and DGFT Lakhanpal today briefed finance minister Yashwant Sinha on the issues that they plan to address in the Exim policy that will be unveiled on Sunday.
'We have discussed the overall approach of the Exim policy as it is a very crucial juncture for trade. We have briefed the finance minister broadly about the important issues like export promotion programmes and special economic zones,' said Lakhanpal. The new exim policy will continue to promote most of the export-friendly polices.
'The threat from Chinese exports has been addressed in the Exim policy but it is a long term strategy. Nothing can be done immediately and the only way is to make our firms more cost effective and efficient. We have to fight Chinese exports,' he added.
Maran intends to push ahead with a slew of concessions for the special economic zones in this year's Exim policy. The availability of land and the enormity of the projects have posed problems for these projects to be completed in time. Policy announcements for SEZs and export promotion zones will be one of the most important factors in the Exim policy.
'The SEZs already enjoy a tax holiday
till 2010 as announced by the finance minister. They will continue with some minor improvements and upgradation. It is one of the most important issues that has attracted maximum attention. We want to promote them as far as possible,' he said.