The latest news from the Commerce Ministry highlights, ‘Product specific rules to offer ready reckoner for exporters ’. In simple terms, the Commerce Ministry has come out with a detailed draft import export policy that has product-specific rules ready for the exporters.
The news confirms from all the commerce ministries and agencies across the globe saying that it will apply to all the HS codes, including the items that are scheduled under the section, ‘free’. The draft policy aims to cover the entire product items listed under the foreign trade for export.
Mr Ajay Sahai, the Director at the Federation of Indian Export Organization (FIEO), has said that this ready reckoner draft will help the Indian exporters to get complete information of the products with norms and conditions.
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