Bengal to unveil state exim policy

West Bengal will soon come out with a state level export-import policy after the new government is in place.
"An exim strategy paper (for the state) has been submitted by Exim Bank during the last investment summit.
"We will shortly prepare the draft after consultation with the stakeholders," West Bengal's MSME Principal Secretary Rajiv Sinha said in an interactive session with Engineering Export Promotion Council (EEPC) members.
Meanwhile, engineering exporters have made a strong pitch to the West Bengal government for release of "considerable amount of money" blocked with the state due to VAT-related issues.
Regional Chairman (ER) EEPC India, Arun Kumar Garodia said, "Exporters have mentioned that considerable amount of money is blocked with the West Bengal government which should be refunded on time. The main issue is pertaining to pre and post-export assessment of VAT."

Besides, the 15 per cent duty on gross amount of power bill should be waived off for exporting companies, he said.