Page 10 - Exporters

Govt approves tax reimbursement scheme for exporters, MEIS to be phased out

These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not exempt or refunded under any other existing mechanism.

Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

Budget 2020: NIRVIK to provide insurance cover for exporters, says FM

he development assumes significance as exporters have raised concerns over availability of credit

NIRVIK scheme to provide high insurance cover for exporters: Sitharaman

The ministry has also proposed to subsidise the premium under the scheme that has to be paid by exporters of certain key sectors

Brexit: Indian exporters cautious but hopeful ahead of Wednesday vote

India's second and third-largest markets for outbound IT services, which stood at $136 billion in 2018-19, according to Nasscom

Govt mulls providing forex loan at cheaper rates to exporters: Goyal

Goyal said the government has sensitised all the trade promotion bodies to work towards enhancing exports

Govt likely to extend benefits to exporters under MEIS till March 31

The decision to extend MEIS benefits is expected to draw the biggest cheer from the industry

Old wine, new bottle: $7-bn exporter refund old plan with Rs 9,000 cr added

The new program will subsume existing export incentives, for which the government had already penciled in a revenue hit of Rs 41,000 crore in July

Exporters hail govt sops, say they will boost shipments amid slowdown

Giving three months lead time till 31st December to the existing incentive scheme MEIS (Exports from India Scheme) will remove the uncertainty

Exporters still face various problems

Hopefully, the government will take note and make life easier for exporters

Criteria for identifying risky exporters not made clear by CBIC: Expert

A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds

Orissa High Court stays notices issued by DRI against exporters

Through these licences, holders could import goods at zero duty for the purpose of exports

In a period of high growth, import costs irk exporters in India

Burgeoning demand for Indian goods across major export destinations has led to widespread expectations that merchandise exports will breach the $325-billion level in the current financial year

RBI waves ED threat to keep exporters in line, foil hedging against rupee

The RBI has often impressed it upon banks that the EDPMS needs to be up to date as the data is required to monitor how fast exporters bring back their export proceeds

Exporters need help, hand-holding as they face global headwinds: Sitharaman

The labour intensive sectors include leather, gems and jewelry, handicrafts and engineering

Exporters raise concerns over a strong rupee eroding margins

The rupee has, however, been weakening of late amid growing geopolitical tensions

New US worry for exporters

Indian exporters have reason to worry about the new Trade Facilitation and Trade Enforcement Act in America, signed into law this February.Under it, the US Customs may stop any imports for reasons such as health and safety, protection of intellectual property rights, currency manipulation, goods produced using forced or child labour, money laundering, bribery and various other practices which are held to put US industry at a disadvantage.The Act is already in force and India is seen as one of the countries under watch. US President Barack Obama had said while signing the new law that US industry needed protection and actually mentioned India in connection with dumping of steel products. Hala Bou Alwan, head of risk market development at media and information services entity Thomson Reuters, said: "The US Customs are under obligation to screen and grade whatever is imported, and ensure the exporter has not violated any prescribed norms." India should, she advises, be pro-active and ensu