When two hands don't coordinate

Some banks refuse to give FIRC to exporters of services saying FEDAI restrains them from doing so

TNC Rajagopalan 

TNC Rajagopalan In a welcome move, the Directorate General of Foreign Trade (DGFT) has extended the benefit under the Services Exports from India Scheme (SEIS) for the period between April 1, 2016, to March 31, 2017. This ends uncertainty and comes when exporters are reeling under the impact of lower realisations, due to a stronger rupee. DGFT should now try to resolve a new problem that exporters of services face. The procedures for claiming the SEIS benefit include a certificate from a chartered accountant (CA) in the format prescribed, as an annexure to application form ANF-3B. It requires the CA ...

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When two hands don't coordinate

Some banks refuse to give FIRC to exporters of services saying FEDAI restrains them from doing so

Some banks refuse to give FIRC to exporters of services saying FEDAI restrains them from doing so In a welcome move, the Directorate General of Foreign Trade (DGFT) has extended the benefit under the Services Exports from India Scheme (SEIS) for the period between April 1, 2016, to March 31, 2017. This ends uncertainty and comes when exporters are reeling under the impact of lower realisations, due to a stronger rupee. DGFT should now try to resolve a new problem that exporters of services face. The procedures for claiming the SEIS benefit include a certificate from a chartered accountant (CA) in the format prescribed, as an annexure to application form ANF-3B. It requires the CA ... image
Business Standard
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