New Delhi: In a boost for e-commerce businesses, the Centre has agreed to provide fiscal incentives for exports shipped through e-commerce platforms.
To begin with, this facility will be available for shipments effected from Delhi and Mumbai, the Commerce and Industry minister, Mr Anand Sharma, announced here today, as part of the annual supplement to the trade policy.
Mr Sharma also said that an inter-ministerial task force constituted by the Finance Ministry would expeditiously look into various aspects of e-commerce to enable shipments through designated ports.
The latest initiative could boost exports of handicrafts, gems & jewellery, carpets, music CDs and electronic items from the country, said Mr Ajai Sahai, Director-General and CEO, Federation of Indian Export Organisations (FIEO).
Exports thru courier
It is not only exports through e-commerce platforms, even exports through posts and couriers would be eligible for export incentives for shipments effected from Delhi and Mumbai.
Reacting to the announcement, Mr Malcolm Monteiro, CEO, South Asia, DHL Express, said, “We in the express logistics industry warmly welcome the decision to make exports shipped through Express and E-Commerce from Delhi and Mumbai eligible for export benefits.”
“We look forward to the logical next step from Customs to allow commercial export shipments through courier giving the Indian exporter the choice to use the best logistic platform as per their requirements,” he added.
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