TMI BlogIncentive schemes for exporters to continue post GST: Com SecyX X X X Extracts X X X X X X X X Extracts X X X X ..... Incentive schemes for exporters to continue post GST: Com Secy X X X X Extracts X X X X X X X X Extracts X X X X ..... not leave the country and the payment for such supplies is received either in Indian currency or in free foreign exchange. The government is committed to continue incentive schemes for export promotion, Commerce Secretary Rita Teaotia said while addressing exporters at an event here. However, she clarified that deemed export benefits may discontinue, as all will get level playing field in the Go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ods and Services Tax regime, FIEO said in a statement. While replying to the concerns of exporters due to regular beak down in icegate server of customs, she said the department is in the process of upgrading the system so that all the issues of the exporters and importers will be solved. Open house session was organised by the Federation of Indian Exports Organisation (FIEO) to invite suggestio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns from exporters on the measures needed in foreign trade policy. Exporters presented in the programme from various sectors, including engineering, textiles, pharma, defence and silk, argued for continuation of all schemes to make Indian products competitive as well as the need for exemption route instead of paying tax and then claiming refund. Dr A Sakthivel, Regional Chairman, FIEO (Southern R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egion) said that paying GST and take refund will block working capital of exporters, which is costly compared to our competing countries.
He also highlighted various anomalies like non-inclusion of garments manufacturers in the 5 per cent GST announced for textiles industry. X X X X Extracts X X X X X X X X Extracts X X X X
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