Kerala exporters demand simpler paper work in export incentive schemes
Exporting community in Kerala has demanded that the Commerce Ministry should ensure that paper work involved under export schemes should be simplified.
Kerala exports value-added products such as tea, coffee, cashew, coir products, bamboo and handicrafts.
Some of the issues hampering the export trade could be rectified through suitable amendments in the Revised Foreign Trade Policy for 2020-2025, says Munshid Ali, Member, Customs Trade Facilitation Council, Cochin Customs.
Major market for exporters in the State include West Asia, the Far-East and Africa. But they don’t make use of the Merchant India Export Scheme (MIES) or Service India Export Scheme (SIES) only because of their lack of awareness or poor comfort levels due to complicated paper work.
When exporters use agents, they have to shell out a commission on incentives.
In the case of MIES, after realisation of funds in banks, the exporter starts running in between banks to get the Foreign Inward Remittance Certificate (FIRC), the first hurdle to using the MIES. The remittance might have been made through foreign banks, instead of RBI-approved exchange centres, banks, which charge exorbitant fees. This repels the foreign buyer/importer.