CBIC to capture district-wise data or origin of export goods

The additional information from the export declarations will provide key statistical input to policymakers on the importance of each district for exports.
Akarsh Phanindra

Updated: Feb 17, 2020 05:30:32 pm

CBIC to capture district-wise data or origin of export goods

17 February 2020 Current Affairs:Central Board of Indirect Taxes and Customs (CBIC) is to capture district-wise data or origin of export goods. The move is in line with PM's aim of turning districts into export hubs. 

Aim:
The new initiatives of the CBIC aim to help policymakers make data-driven decisions.

Highlight:
♦ The additional information from the export declarations will provide key statistical input to policymakers on the importance of each district for exports.
♦ It will help in aligning the policies to enhance local capacity.
♦ The export declarations will capture declarations by exporters intending to avail India's Free and Preferential Trade Agreements (FTAs/PTAs) being exported to partner countries. It will provide critical data on the gains being made by Indian exporters.
♦ It will help the Government to align India's foreign trade policy.

Central Board of Indirect Taxes and Customs (CBIC):
Formed on: 26 January 1944
Headquarters: New Delhi, India
Officer responsible: Smt.Nirmala Sitharaman
Chairperson: M. Ajit Kumar
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