The government is likely to further simplify import and export rules in New Delhi on Wednesday even as it has decided to leave it to the new government to present full fledged Exim policy.
Commerce Minister Arun Jaitley, who is launching digital signature and electronic fund transfer facility, is also widely expected to announce simplification of procedures.
After having announced sops to the tune of Rs 12,000 crore (Rs 120 billion) for the industry and the middle class, the government is unlikely to unveil any sops on Wednesday as had been the tradition with Exim policy.
Usually, the Exim Policy is presented by commerce minister on March 31 every year. This year apparently it will get delayed due to the general elections.
A major procedural change which exporters had been demanding is extension of treatment of two licences as one under the Export Promotion Credit Guarantee scheme.
The digital signature and electronic fund transfer facility of DGFT, also called Electronic Data Interchange, would help in reducing transaction costs of exporters.
Exporters had been demanding a few sops to mitigate the impact of appreciation of rupee vis-a vis dollar as the phenomenon was eroding their competitiveness and affecting exports.
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