THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)
(a) :The basic role of Export Promotion Councils is to promote and develop
Indian exports. Each council is responsible for promotion of a particular group
of products, projects and services. Details of performance of the each Councils
separately is not maintained. The performance of these Councils contributes
significantly to the country’s export. The India’s exports performance in the
last three years is given below:
Year Export (in US $ Millions)
2008-09 185,295
2009-10 178,751
2010-11 252,354
(Provisional)
(b) to (d): Like in any other scheme the possibility of misuse of the expor
promotion measures cannot be completely ruled out. Such possibility of misuse
can relate to Duty neutralisation schemes like Advance Authorisation, DEPB, Duty
Drawback, etc. The possible misuses could be in the form of forged documents,
giving mis-declaration, diversion of materials to the domestic market, under
invoicing / over invoicing of import and export. In course of monitoring of export
obligations as also on the basis of information received from the Directorate of
Revenue Intelligence, Customs and other agencies regarding irregularities, penal
actions are taken against such firms under the Foreign Trade (Development & Regulation)
Act and Rules framed therein. Action taken includes suspension / cancellation of the
IEC Number of the units, imposing fiscal penalty with penal interest in addition to
action taken under the Customs Act.
