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The critical role of the tax department in promoting the country's exports

A committee set up by CBIC will look at expediting access to imports used in the manufacture of exported goods, and will also do away with any tax anomalies that may arise in the process

trade, import, export, shipping

What has the tax department got to do with the government's mission to boost the country's exports? Isn't international trade typically the domain of the commerce department? Yet, it is the Central Board of Indirect Taxes and Customs that has constituted a committee of officers to take forward the Centre's plan to promote exports. This is because the issue here is to facilitate international trade. Sources say the committee will look at how access to imports that will be used to manufacture goods earmarked for exports can be expedited, and will also do away with ...