Representatives of the export sector highlighted the problems of pre-import under advance authorisation and requested the Commerce Minister to bring the notification deleting the condition with retrospective effect. Suresh Prabhu asked DGFT and Department of Revenue, Ministry of Finance, to look into it so that genuine exporters are not harassed.
Banking issues like caution listing of exporters, third party/ third country exports and list of items to be traded with Iran were also deliberated and Department of Financial Services, Ministry of Finance, agreed to discuss such issues with banks in the meeting scheduled on22ndJanuary 2019.
The industry acknowledged the support provided by the Government by extending Interest Equalisation Scheme to merchant exporters which will boost exports of MSME units.
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