The government has taken a series of measures such as increasing the Basic Customs Duty (BCD) on toys to 60% in order to increase domestic production and reduce toy imports / Representative Image | Pixabay
The government has not at present offered to include the toy industry in the Production Linked Incentives (PLI) scheme, although it does provide overall support to the sector to make it more competitive, Parliament was informed on Friday.
The government has taken a series of measures such as raising the Basic Customs Duty (BCD) on toys to 60% to increase domestic production and reduce toy imports, the state minister said. to Trade and Industry, Som Parkash, in a written response. at the Rajya Sabha.
”There is no such proposal with the government to include the toy industry in the PLI scheme at present,” he said.
The goal of the program is to make domestic manufacturing globally competitive and create global manufacturing champions.
Exports by IT/ITeS units
In a separate response to a query on exports, Minister of State for Trade and Industry Anupriya Patel said exports of IT/ITeS units in Special Economic Zones (SEZs) for 2020-21 were Rs 5.1 lakh crore.
Currently, there are 425 officially approved SEZs in the country and to date, 376 are notified and 268 are operational. SEZs are primarily private investment driven initiatives. “The delay in the establishment and operationalization of SEZs could be attributed to several reasons, including an unfavorable business climate due to the changing global economic situation, changes in tax incentives, etc.,” said Patel said in a separate response.
In accordance with the SEZ Act, any goods removed from the region to the Inland Tariff Area (DTA) are subject to customs duties, including anti-dumping, countervailing and safeguard duties under the Customs Act 1975.
WTO sugar panel report ‘unreasonable’
On a sugar-related issue at the World Trade Organization, she said India had appealed the WTO panel report on the grounds that the panel’s findings were unreasonable, undermined logic and reasoning and were not supported by the rules of the organization.
Australia, Brazil and Guatemala have filed a dispute challenging some of India’s regimes for its sugar and cane sector at the WTO. The Commerce Department submits notifications to the WTO after performing due diligence on information gathered from various sources, she said. Notification of export subsidies requires detailed consultation with relevant stakeholders at both central and state levels, she added.
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