Which of these started the process of capturing district-wise data on origin of export goods in 2020?

The correct answer is Central Board of Indirect Taxes and Customs.

Key Points

• The Central Board of Indirect Taxes and Customs (CBIC) started capturing district-wise data on the origin of export goods in 2020.
• This initiative aims to enhance the granularity of export data to better understand the geographical distribution of export activities in India.
• The captured data helps in identifying and promoting districts as export hubs, aligning with the "Districts as Export Hubs" initiative.
• It also facilitates targeted export promotion policies and strategies to boost the local economy and employment.

Additional Information

• Central Board of Indirect Taxes and Customs (CBIC)
  • CBIC is a part of the Department of Revenue under the Ministry of Finance, Government of India.
  • It is responsible for administering customs, central excise, service tax, and narcotics in India.
  • CBIC plays a crucial role in the formulation of policies related to the levy and collection of indirect taxes.
  • It is also involved in preventing smuggling and other illegal trade practices.
• Districts as Export Hubs Initiative
  • This initiative aims to promote district-level exports to boost local economic growth.
  • It focuses on developing export-oriented manufacturing and service hubs in each district.
  • The initiative is part of the broader "Atmanirbhar Bharat" (self-reliant India) campaign.
  • It seeks to enhance the competitiveness of local products in the global market.
• Export Promotion Policies
  • These policies are designed to encourage the production and export of goods and services.
  • They include measures like tax incentives, subsidies, and infrastructure development.
  • Export promotion policies aim to improve the balance of trade and create jobs.
  • They also help in diversifying the export basket and exploring new markets.
• Granularity of Export Data
  • Granular data provides detailed insights into specific aspects of export activities.
  • It helps in identifying trends, strengths, and weaknesses at a micro-level.
  • This data is crucial for making informed policy decisions and strategic planning.
  • Granular export data can reveal regional disparities and opportunities for improvement.