Exporters want Govt to organise 4th tranche of Special Refund Fortnight by CBIC

NEW DELHI: Exporters have asked the Government to organise the fourth tranche of its special refund fortnight to clear all the dues under the Goods & Services Tax (GST) regime as the pending claims were affecting their cash flow and competitiveness in the global market. “Refund of IGST (Integrated GST) worth Rs. 8,000 crore and
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COLOMBIA: Indian engineering exporters, particularly from the SME segment, have got business enquiries worth about $100 million and orders worth of $ 3.3 million from the just concluded five-day EEPC India exhibition in Colombia, USA. “Our exhibitors booked orders worth $ 3.3 million and potential business enquiries of nearly $ 98.5 million. These business enquiries
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NEW DELHI: With the US, India’s largest destination for merchandise exports, showing a robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the Country’s macro picture, an ASSOCHAM Paper has noted. The US economy grew by 4.2 per cent in the second quarter of this year, the
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With the US, India’s largest destination for merchandise exports, showing robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the country’s macro picture, an ASSOCHAM paper has noted. The US economy grew by 4.2 per cent in the second quarter of this year, the best in about
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Tirupur Exporters Association (TEA) has welcomed the Union Government’s decision — extension of IGST exemption from 1 October 2018 to 1 April 2019 for Domestic Tariff Area exporting units also. In a press release issued on 26 September 2018, Shri.Raja M Shanmugham, President, TEA, welcomed the positive measure after considering his representation and mentioned that
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China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen. But Beijing’s retaliation would provide opportunities to other LNG-exporting countries, Wang said at a press conference on Tuesday, adding that Australia
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NEW DELHI: The Government is examining the tax refund mechanism for exporters under goods and services tax (GST) and may announce some measures over the next few days to streamline the process and speed up repayments.  Exporters say delay in refund under GST impacts business and raises working capital cost. Last week, Finance Minister Arun
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NEW DELHI: Indian rice exporters have a sum of nearly Rs. 1,000 crore stuck mainly because an Iranian importer has defaulted on payments due for aromatic rice exported to the Gulf Country, an exporter has said. The All India Rice Exporters’ Association (AIREA) admitted that there was a fraud by an Iranian company, but said
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An annual U.S. soy exporters’ conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years where billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies. The U.S.-China trade dispute has effectively halted bilateral trade of soybeans and U.S.
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NEW DELHI: Liquidity crunch is threatening to severely cripple micro, small and medium enterprises (MSMEs) exporters with their input tax credit (ITC) refunds under the goods and services tax (GST) regime still stuck and raising bank credits proving to be a major challenge. Ajay Sahai, Director General and CEO, Federation of Indian Export Organisations (FIEO),
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