After witnessing a definite contraction in export orders for recent years months, Indian micro, small and medium enterprises (MSMEs) ultimately export sector will quickly receive much needed relief.

Udyog Aadhaar Registration Online in India an make an effort to reduce the economic pressure, the United Progressive Alliance (UPA) led government recently unveiled a special package worth Rs 325 crore to relief to the export segment. This move is required to benefit the employment-intensive export sectors for instance leather, gems & jewelery and textiles.

Under the new package, procedural formalities for claiming duty drawback refund and refund of terminal excise duty are simplified to help MSME exporters prune high transaction costs.

Measures like quick settlement of duty credit scrips turn out to be issued ahead on the realization of export proceeds and extension of scrips for import of even restricted items after payment of duty is expected to facilitate greater trade.

In order market trade facilitation, the government has also extended a provision minimize export obligations using the decline in exports.

Export incentives for such things technical textiles, stapling machine and handmade carpets are also provided as part of the recently announced export stimulus package.

The de-linking of grant of benefit under the job entitlement pass book (DEPB) scheme is another incentive that help the MSME export segment tide over the continuing crisis.

In order to promote trade facilitation, the government has also extended a provision to reduce export obligations in line with professional compensation in exports.

Export incentives for items like technical textiles, stapling machine and handmade carpets are also provided in the recently announced export package deal.