"To minimise paper work and check red-tape, we have reduced the number of documents for exports and imports to three, which is on par with international benchmarks," Sitharaman said.
Traders can upload documents in exporter/importer profile directly and exporters need not submit documents again. Similarly, export-import forms have been simplified to provide clarity in provisions, remove ambiguity and enhance e-governance.
"The new system will help manufacturer-exporters get faster access to international markets," Sitharaman said.
The ministry has also introduced the aMerchandise exports from India scheme' for export of specified goods to specified markets and aServices exports from India scheme' for increasing exports of notified services. "The new policy provides a framework for increasing export of goods and services, generate employment and increasing value addition in the country," the minister observed.
To boost exports from SEZz (special economic zones), the government has also extended benefits of both the reward schemes to units in such zones.