The scheme would extend an incentive of 4 per cent to 6 per cent on incremental sales over the base year 2019-20 of goods manufactured in India and covered under target segments, to eligible companies, subject to fulfilment of threshold conditions of cumulative incremental investment and sales of manufactured goods, for a period of five years.
Budget 2021 updates | No change in IT slabs, new cess introduced
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Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
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Union Finance Minister Nirmala Sitharaman with MoS Anurag Thakur as they leave from their office for Parliament House to present the General Budget for 2021-2022, in New Delhi on February 1, 2021.
| Photo Credit: Shiv Kumar Pushpakar
Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
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New Foreign Trade Policy 2021-2026 to be rolled out from April, says Govt ANI | Updated: Jan 13, 2021 06:22 IST
New Delhi [India], January 13 (ANI): Union Ministry of Commerce and Industry on Tuesday said that India s new Foreign Trade Policy 2021-2026, under formulation, will come into effect from April 1, 2021, for five years and will strive to make the country a leader in international trade.
The Parliamentary Consultative Committee of the Ministry of Commerce and Industry held a meeting on the subject New Foreign Trade Policy 2021-26 , the commerce ministry said in a statement.
It was chaired by the Minister of State for Commerce and Industry Hardeep Singh Puri, and attended by Members of Parliament (MPs) and senior officers of the ministry.