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Coronavirus Outbreak: Commerce ministry lists steps to support exporters as industry expresses fears of huge job losses
FirstpostThe commerce ministry said that it has provided several relaxations/extensions of various compliance deadlines to address Corona pandemic related hardships of exporters. New Delhi: The commerce ministry on Saturday said it has taken several measures to address hardships faced by exporters due to COVID-19 pandemic, a day after an apex exporters body warned of 15 million job losses unless an immediate incentive package is announced by the government. The steps enlisted by the ministry included extensions of foreign trade policy by one year, export obligation under advance authorisation and export promotion capital goods scheme, the validity of registration cum membership certificate, lasts date for filing claims under services and goods export from India schemes, for filing RoSCTL claims, valid period of all status holder certificates, and replenishment scheme for gems and jewellery. The FIEO on Friday said that 15 million people may face job losses in the export sector following cancellation of orders amidst global lockdown due to COVID-19 pandemic and has sought immediate announcement of an incentive package.
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