Govt sets up committee to examine tax, export clearance issues of manufacturing Sector

NEW DELHI : The Indian Government has formed a committee with representatives from the finance ministry, DPIIT, Department of Commerce, DGFT, RBI, industry chambers, export promotion councils, and consultancy firms.

The committee’s mandate is to examine current export-related tax structures (customs duties, export incentives) and export clearance procedures impacting manufacturing sector competitiveness and export performance.

It will identify sector-specific challenges in key export sectors like engineering, pharmaceuticals, electronics, chemicals, agro & processed food, textiles, leather, gems, and jewellery.

The government has set up a committee to examine the tax and export clearance issues being faced by manufacturing units and suggest measures to further streamline the system amid high tariffs imposed by the US, an official has said.

The committee includes representatives from the Finance Ministry, Department for Promotion of Industry and Internal Trade (DPIIT), Department of Commerce, Directorate General of Foreign Trade (DGFT), and the RBI.