Under Foreign Trade Policy (FTP), what does the National Trade Facilitation Action Plan aim to achieve? Enumerate the trade facilitation measures…
CA Final · Indirect Tax Laws · MTP · November 2026
Under Foreign Trade Policy (FTP), what does the National Trade Facilitation Action Plan aim to achieve? Enumerate the trade facilitation measures which are provided under Foreign Trade Policy (FTP).
Suggested Answer and Working Notes:
The National Trade Facilitation Action Plan aims to achieve: Improvement in ease of doing business through reduction in transaction cost and time Reduction in cargo release time A paperless regulatory environment A transparent and predictable legal regime Improved investment climate through better infrastructure The following trade facilitation measures are provided under FTP: Free passage will be provided to export consignment There will not be any seizure of export related stock except in exceptional cases. Single window system to facilitate export of perishable agricultural produce. DGFT is implementing the Niryat Bandhu Scheme for mentoring new and potential exporter on the intricacies of foreign trade through counseling, training and outreach programmes including the 'Districts as Export Hubs'. DGFT online customer portal provides information relating to export and import including Acts, rules, policy and procedures. Online facilities for e-RCMC/RC related processes, e-Certificate of Origin (e-CoO) and Quality Control and Trade Disputes (QCTD) are also available on said common digital platform. DGFT has undertaken a number of IT Initiatives to enable a paperless, contactless and transparent environment for availing benefits under the export promotion schemes. A dedicated 24 X 7 Helpdesk facility has been put in place to assist the exporters in filing online applications on the DGFT portal and other matters pertaining to FTP. A large number of Trade Facilitation measures have been taken by Customs Department. Authorised Economic Operator (AEO) Programme Towns of Export Excellence (TEE) Duty Free Entitlements to Select Sectors Special privileges granted to Status Holders DGFT is committed to function as a facilitator of exports and imports. Continuous efforts are being made for better collection, compilation and wider dissemination of Trade Data and Statistics to help the policy makers, researchers, exporters and importers to formulate their trade strategy. DGFT has in place a Citizen's Charter, giving time schedules for providing various services to clients. Note - Any four points may be mentioned.
Topics: Foreign Trade Policy
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