Airtel said its has now been removed from the denied entry list, after it highlighted the relevant details and documents submitted to the Directorate General of Foreign Trade
The directorate has also laid out a detailed procedure for availing benefits under the RoSCTL scheme
Bharti Airtel said it has not applied for any such license since April 2018 as there was no operational need for the same
This duty benefit, which will help boost exports, is expected to continue till March 31, 2020
Global consulting firm Frost & Sullivan has carried out a study to revamp the Directorate General of Foreign Trade (DGFT) with a view to making it a vibrant body for promoting trade. DGFT under the Commerce Ministry deals with matters related to exports and imports. "The agency has submitted its report and we are looking at that. The revamping is important against the backdrop of changing global trade scenario and implementation of the Goods and Services Tax (GST)," an official said. The move assumes significance as India is aiming to increase its share in the global trade to 3.5 per cent from the current 2 per cent by 2020. According to experts, the country needs a vibrant organisation to promote its trade interests. "We need a vibrant and independent export promotion organisation whose job is to do hand-holding to traders particularly in the small and medium sector," said Biswajit Dhar, professor at the Jawaharlal Nehru University. He cited examples of some South East ...
Bhalla, a 1984 batch IAS officer of Assam-Meghalaya cadre, is presently additional secretary in the commerce ministry