In an effort to reduce the transaction costs of exporters and make them more competitive in the global market, the Commerce Ministry is preparing a green channel facility for law-abiding exporters.
Mr Lalit Mansingh, director-general of Foreign Trade (DGFT), announced this plan at a seminar organised by the Confederation of Indian Industries (CII).
According to him, all the DGFT offices are short-listing exporters who have broken any laws.
The import export code (IEC) of these exporters will be available on DGFT website and they would be subjected to intense scrutiny by export-related organisations. Those who do not feature on the list will be allowed to enjoy the green channel facility.
Mr Mansingh said that the move was aimed at helping exporters who are trying wholeheartedly to increase the national foreign exchange earnings and not to penalise all for the faults of a few.
