Question

4) Mention any five foreign trade promotion measures and schemes

undertaken by the Government of India to boost up foreign trade.

pls answer it fastly
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Answer 1

Any five foreign trade promotion measures and schemes undertaken by the Government of India to boost up foreign trade are :

1. Duty Drawback Scheme

2. Bond scheme

3. Payment of Sales Taxes Cancellation

4. License scheme for resources

5. Export Processing Zones

1. Duty Drawback Scheme

• Based on this scheme,  export products are exempted from various charges and customs duties.

2. Bond scheme

• This scheme provides organizations permission to make merchandise without having to pay different kinds of charges on them.

3. Payment of Sales Taxes Cancellation

• Under this scheme, the products intended for export are exempted from paying the sales tax.

4. License scheme for resources

• Under this scheme, duty-free supply of resources, including imported resources, are provided for the making of products that are to be exported.

5. Export Processing Zones

• These zones provide export promotion, export funding and various other measures for the export of materials.

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Answer 2

Explanation:

Duty Drawback Scheme

Bond Scheme

Payment of Sales Taxes Cancellation

License scheme for resources

Export Processing Zones