7.

Promotion and Encouragement to Exports

(a) Proceed on internal reforms at an accelerated pace by bringing in full country-wide VAT, and at the same time withdrawing all other central and state taxes and levies on manufacturing.
(b) Implement a comprehensive GST and reduction of tariffs on raw materials, before further reduction in the automotive tariffs are done. It should be in consultation with industry.
(c) Customs duty exemption on import of R&D equipment by ‘organisations’ amending the scope of current notification from ‘company’ to ‘organisations’

This will expedite faster industrial growth in these areas, resulting in more exports from this area.