Question: Which of the following tag has been assigned to Khadi recently for promoting its export?
(a) GM tag
(b) HS tag
(c) Bonus tag
(d) None of the above
Answer: (b)
Related facts:
- Khadi has been assigned exclusive HS code bracket by the central government on 4th November 2019 to categorize its products in export.
- In a long awaited move to make export of Khadi, exclusively categorized from the general league of textile products, the ministry of commerce and industries has allocated separate HS code for this signature fabric of India this week.
- Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena said that this decision of government will open a new chapter in the field of Khadi export.
- Earlier, Khadi did not have its exclusive HS code. As a result, all the data regarding export of this signature fabric used to come as a normal fabric under the textile head. Now, a constant eye will be kept on export figures and will also help us in planning the export strategies.
Harmonised System Tag:
- HS Stands for Harmonized System and it is a six digit identification code. It was developed by the WCO (World Customs Organization) and custom officers use HS Code to clear every commodity that enters or crosses any international border.
- Khadi and Village Industries products are eco-friendly and natural, and are in great demand in the International Markets.
- Recognizing its potential to generate exports and its eco-friendly importance, the Ministry of Commerce had accorded deemed Export Promotional Council Status (EPCS) to KVIC in 2006, to boost the export of Khadi products.
Links:
https://pib.gov.in/PressReleseDetail.aspx?PRID=1590633