India to Review Its Existing Policy on Deemed Exports
India's Ministry of Commerce and Industry's Committee on Deemed Exports held its first meeting to review India's existing policy on deemed exports this week. The Committee announced that it will hold meetings with stakeholders to receive comments and suggestions by…
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May 30, 2011. The Committee has been mandated to look into: (a) harmonizing various Customs Notifications with the policy; (b) improving the drafting of the policy to avoid multiple interpretations and to remove ambiguities, and (c) seeing whether the policy properly reflects the Government's priorities. The Committee is expected to give its report within 3 months.