Govt may announce steps in Budget to promote e-commerce exports, imports

Finance minister Nirmala Sitharaman will unveil the Budget for 2021-22 on February 1.

The government is expected to announce measures such as extending the facility of bulk clearance for e-commerce imports and exports with a view to promoting the growth of this fast-growing segment, sources said.
 
They said that as there is a multi-fold increase in the e-commerce sector in the country, a significant volume of products is imported into and exported out of India through this platform and there is a need to find a balance between control and facilitation for the sector.
 
Currently, importers and exporters are required to submit individual/separate clearance documents for each package with the Indian