To allay the fears of the exporting community, the Commerce Ministry on June 21 said that enforcement would not be harsh during the initial period of GST implementation from July 1. “Any transition will require some adjustment. Exporters will get an extended two months time for filing retur…
Tag: EEPC
Rupee volatility threatens Bengal’s engineering exports
With increasing volatility in Rupee and strengthening of steel price, engineering exports from West Bengal face threats that may have fallout on thousands of local employment. “Rupee getting stronger day by day and steel prices rising since protections, both hurting engineering exports and …
New policy will make steel pricier & create hurdles in global market for SMEs: EEPC
New Delhi: Engineering goods exporters have raised concerns that the new National Steel Policy could push domestic steel prices higher making it difficult for the sector to stay competitive in the global market. “With steel prices in India ruling 15-20 per cent higher than the global level, the p…
Exempt exporters from indirect taxes in GST: EEPC
Exporters have urged the government to exempt them from all domestic indirect taxes while rolling out the Goods and Services Tax to make them more competitive in the global market. TS Bhasin, Chairman, Engineering Export Promotion Council of India, said while GST will be a major reform , exporter…
Riding on uptick in crude oil prices, India devising game plan for Russia: EEPC INDIA
In a bid to take advantage of the turnaround in the crude oil prices and its positive impact on the oil producers, the EEPC India is working on a game plan in partnership with the Commerce Ministry to reverse a huge fall of about 50 per cent in India’s engineering exports to Russia in 2015-16. As…
Indian SMEs readying for INNOPROM 2016
India and Russia have set a challenging goal for bilateral trade to reach $ 30 billion by 2025, while the target for mutual direct investments between them is $15 billion. Compared to these ambitious targets, bilateral trade stood at $ 9.5 billion in 2014 and decreased by around 6 per cent to $ 9…
Engineering exports to 19 nations dip sharply | EEPC
Indicating the severity of global economic environment, engineering exports to as many as 19 out of India’s top 25 destinations have seen a sharp dip, with Malaysia alone recording a plunge of about 90 per cent. (A major portion of India’s engineering exports is on account of products…
MIP on steel to jolt engineering exports | EEPC India
Engineering Exports Promotion Council (EEPC) demands a mechanism to compensate increased raw material cost to engineering products exporters as a result of Minimum Import Price (MIP) levied to prevent cheap steel imports. “The introduction of the Minimum Import Price on steel products will raise…
Exclusive | Outgoing MSME Secretary outlines what to expect in the Budget
For someone who drove positive change at the MSME Ministry, there is optimism in the air. His eyes are focused on February 29 even as he is set to move on. He believes the coming Union Budget would announce path breaking set of policies that would unlock the latent potential of the sector. Meet t…