Inverted duty structure in respect of various items including Electronic Goods, Toys and Chemicals may be given due consideration in the Union Budget as it not only effects exports but also the manufacturing sector and adversely hit Make in India. The actual refund mechanism for service tax is c…
Tag: IES
Commerce Minister Nirmala Sitharaman meets EPCs to address export concerns
Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce & Industry held a meeting on Februray 4 with the Chairpersons of major Export Promotion Councils to review the current trend of exports from India and to take stock of issues faced by the exporters. 11 Export Promotion Co…
Textile industry seeks sops, excise duty removal
In a bid to salvage the dwindling cotton yarn exports, the textile industry has sought extension of the three per cent interest subvention, along with other export benefits to cotton yarn under MEIS and IES on a par with other textile products from the ministry of textiles. In representations by …