63rd AGM of TEXPROCIL Held in Mumbai on 26th September 2017
Mumbai, Maharashtra, India
|
|
|
He mentioned that with the present Export Promotion schemes like EPCG, Advance Authorisation Scheme, MEIS undergoing changes due to GST, trade is now witnessing a paradigm shift from an ‘exemption regime’ to a ‘refund regime’ in claiming export benefits, thereby leading to working capital/ liquidity crunch.
With the implementation of GST, Shri Lahoti cautioned that there are some critical issues which need to be addressed by the Government on a priority basis in order to facilitate a smoother transition. He highlighted issues such as the inordinate delay in the refund of GST on exports and Bond / LUT for Merchant Exporters under GST.
He also urged the government to expedite the FTA with EU as exporters face stiff competition from countries that have preferential duties with the EU and are losing market share to them. As per a study done by Ernst Young it was estimated that 55 lakh jobs can be created if FTAs with EU, Australia and Canada are finalised.
Click here for Media Contact Details
Nirmal Phophalia, Newsmen PR, +91-9870003933, newsmenpr@gmail.com
|
More News from TEXPROCIL |
||||||||||||||||||||||||||||
|
| Similar News | ||||||||||||||||||||||||
|
