Page 10 - Exporters

Can't miss peak April-June season due to coronavirus: Exporters to Centre

National-level exporters' bodies representing engineering goods, apparel, and electronics, among others, have written to the commerce department over the past two days

Covid-19: RBI announces relief for exporters, gives breather to states/UTs

It would help the exporters to realise their receipts from nations adversely affected by the virus and also negotiate future export deals

Exporters want extension of promotion schemes amid coronavirus spread

Collateral free lending up to Rs 2 crore with the collateral requirement capped at 35-40 per cent for lending beyond Rs 2 crore, also feature in the list of demands

Coronavirus: Exporters want easier NPA norms, advance tax rules to survive

FIEO says large-scale order cancellations, supply chain disturbance, troubled delayed or even non-payment of bills could force several units to shut down

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.

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