- The Division deals with tax and fiscal policy concerns of industry in general, for DPIIT administered products / sectors and thrust sectors under Make in India initiative. Concerns represented by industry are duly examined, objectively analysed and consultations held from time to time to understand the issues. Suggestions and efforts to resolve the issues are identified and taken up with the concerned Ministries/Departments for resolution. The Division also regularly offers inputs from the point of view of industry, on policy documents shared by other departments of Government of India. Suggestions to resolve such duty inversion leading to unfavourable conditions for domestic manufacturing are shared with the Department of Revenue. Such resolution helps provide a level playing field to domestic manufacturers along the value chain, while safeguarding welfare of consumers and public at large. Such duty inversions have been resolved in several sectors including information technology hardware, consumer electronics, electrical equipment, capital goods, medical devices, automotive components, chemicals and renewable energy in the previous three years.
- Examination and inputs on multilateral and bilateral agreements: The Division is the nodal point for analysis regarding tariff and rules of origin issues in respect of products / sectors administered by DPIIT. Such comments are offered after an in-depth analysis of each product / tariff line under consideration. Analysis is based on trade data, inputs from various related government departments and views of industry.
- Preparation of budget proposal for Union Budget: Specific suggestions regarding changes in Direct Taxes, Indirect Taxes including Goods and Services Tax and Customs Duty, Duty Drawbacks, Processes and Procedures in tax administration are provided to the Department of Revenue as and when necessary and also for the Union Budget every year.
- In addition, this division deals with the matters pertaining to Industrial policy, Negotiations under Industry track BRICS, G-20, SGoS-07 “Commerce & Industry” and also provides inputs on various policy related matters.
आर्थिक सलाहकार का कार्यालय
OFFICE OF THE ECONOMIC ADVISER
DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE
OFFICE OF THE ECONOMIC ADVISER
DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE