{"id":1674,"date":"2019-05-29T11:19:55","date_gmt":"2019-05-29T05:49:55","guid":{"rendered":"https:\/\/www.classiciasacademy.com\/blog\/?p=1674"},"modified":"2019-05-29T11:19:55","modified_gmt":"2019-05-29T05:49:55","slug":"commerce-ministry-has-unveiled-the-draft-export-policy","status":"publish","type":"post","link":"https:\/\/www.classiciasacademy.com\/blog\/commerce-ministry-has-unveiled-the-draft-export-policy\/","title":{"rendered":"Commerce Ministry Has Unveiled The Draft Export Policy"},"content":{"rendered":"<p>The Union Ministry of Commerce has released a comprehensive draft export policy with an aim to boost exports from the country.<\/p>\n<h3>In-Detail:<\/h3>\n<ul>\n<li>The draft details export policy for all ITC (HS) tariff codes including goods that are free to export.<\/li>\n<li>The exercise is done in consultation with partner government agencies.<\/li>\n<li>It covers all the export conditions\/restrictions imposed by partner government agencies.<\/li>\n<li>Adopted by India for import-export operations, the ITC-HS Codes are <strong>Indian Trade Clarification<\/strong> based on Harmonised System of Coding.<\/li>\n<li>As per the system, every product will be given an eight-digit HS code.<\/li>\n<li>The ITC-HS Codes will aid an exporter in understanding the norms and policy restrictions against a particular product.<\/li>\n<li>The <strong>Directorate General of Foreign Trade<\/strong> (DGFT) which released the draft had said that the exercise is not to change the existing export policy but to consolidate the norms.<\/li>\n<li>The draft includes all the updated norms, notifications, public notices issues in the year 2018.<\/li>\n<li>It also includes non-tariff regulations imposed by various government agencies.<\/li>\n<\/ul>\n<p><strong>Also, Recommend to Read:<\/strong><\/p>\n<ul>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/www.classiciasacademy.com\/blog\/indian-women-face-violence-most\/\">Indian Women Face Violence Most<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/www.classiciasacademy.com\/blog\/kilogram-gets-a-makeover-india\/\">Kilogram Gets A Makeover \u2013 India<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/www.classiciasacademy.com\/blog\/india-and-data-localisation-current-scenario\/\">India and Data Localisation \u2013 Current Scenario<\/a><\/span><\/li>\n<\/ul>\n<h3>Conclusion :<\/h3>\n<ul>\n<li>The move is expected to benefit all the exporters by becoming a ready reckoner related to norms and conditions.<\/li>\n<li>It will also help in digitization.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The Union Ministry of Commerce has released a comprehensive draft export policy with an aim to boost exports from the country. In-Detail: The draft details <a class=\"mh-excerpt-more\" href=\"https:\/\/www.classiciasacademy.com\/blog\/commerce-ministry-has-unveiled-the-draft-export-policy\/\" title=\"Commerce Ministry Has Unveiled The Draft Export Policy\">    [read more]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[98],"tags":[117,164,162],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commerce Ministry Has Unveiled The Draft Export Policy - UPSC Current Affairs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.classiciasacademy.com\/blog\/commerce-ministry-has-unveiled-the-draft-export-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commerce Ministry Has Unveiled The Draft Export Policy - UPSC Current Affairs\" \/>\n<meta property=\"og:description\" content=\"The Union Ministry of Commerce has released a comprehensive draft export policy with an aim to boost exports from the country. 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