Latest News | Commerce Ministry Completes Winding Up Exercise of Tariff Commission in Two Months
Get latest articles and stories on Latest News at LatestLY. The Commerce and Industry Ministry has completed the process of winding up of Tariff Commission, which had outlived its utility and was no longer needed in the liberalised regime, within two months as against the cabinet mandate of three months.
New Delhi, Jun 7 (PTI) The Commerce and Industry Ministry has completed the process of winding up of Tariff Commission, which had outlived its utility and was no longer needed in the liberalised regime, within two months as against the cabinet mandate of three months.
On March 30, the cabinet had approved the proposal of the ministry to wind up the commission. It had directed the ministry to complete the winding up process by June 30.
Also Read | Realme GT Neo 3T Launched Globally, Check Price & Other Details Here.
According to an office memorandum of the Commerce and Industry Ministry, the winding up exercise has been completed on May 31.
An official said that the move is aimed at promoting ease of doing business.
Also Read | DRDO RAC Recruitment 2022: Apply for 56 Scientists Posts on drdo.gov.in, Check Here.
The Tariff Commission dates back to pre-liberalisation era, when it was known as Tariff Board and was advising on measures to protect the domestic industry.
It was set up in 1951 with statutory powers by converting Tariff Board into this commission to suggest changes in duties of any goods, action in relation to dumping of goods and to undertake suo moto studies.
Immediately after the directions of the union cabinet, follow-up meeting of the officers concerned of the Department for Promotion of Industry and Internal Trade (DPIIT) and Tariff Commission (TC) was held and all the tasks that were required to be carried out for completion of winding up process were identified on April 12.
"Each task was given a target date in consultation with officers of TC and responsibility was assigned to officers in TC and DPIIT in respect of individual task. Review meetings were held at the level of minister (fortnightly); Secretary, DPIIT (weekly); Joint Secretary DPIIT (bi-weekly)," the official added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)