Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

Sector-specific package for exporters on cards: Nath
October, 22nd 2007
Government proposes to give a sector-specific package for refund of taxes and levies to exporters hit by a sharp rise in rupee value, Commerce and Industry Minister Kamal Nath said on Monday.

Maintaining his optimism that India will achieve export target of $160 billion for 2007-08 despite currency related troubles, Nath said his ministry is preparing a Cabinet note for expanding coverage of refunds to exporters.

"We are looking at measures for refund and remission of taxes to ensure that exporters get a level playing field," Nath told reporters before a review meeting to assess the export performance of the plantation sector here.

The government had announced a Rs 1,400-crore package for exporters in July and exempted seven items from service tax.

He expressed the hope that the export target would be met, "just as targets were met in the previous years". Nath said he would take an overall export review meeting with different export promotion councils in November.

Though Nath is hopeful of reaching the export target of $160 billion, his optimism is not shared by senior officials in the ministry.

"Even 140 billion will be a tall order," an official had said last week.

Besides, there are differences between the Commerce Ministry and the Finance Ministry. The Revenue Department has conveyed to the Commerce Ministry that it is not in favour of refunding the state level taxes to the exporters.

"It will be the Cabinet which will take the call," the official said.

Rupee has strengthened by about 10 per cent since March this year, putting Indian exporters at a disadvantage against competitors, especially China, whose currency has depreciated along the weakening of dollar.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions