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: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: form 3cd
News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

Exporters urge Govt to continue with DEPB, textile upgradation fund
December, 22nd 2006
To ensure global competitiveness of Indian exports

PRE-BUDGET MEETING: The Finance Minister, Mr P. Chidambaram, with the Commerce and Industry Minister, Mr Kamal Nath, at an interactive meeting with export promotion councils in the Capital on Thursday. - Kamal Narang

Exporters on Thursday urged the Government to ensure continuance of the duty entitlement passbook (DEPB) scheme and the Textile Upgradation Fund Scheme (TUFS) besides removal or rationalisation of levies that erode the global competitiveness of Indian exports.

This was conveyed at the first ever pre-Budget and pre-foreign trade policy joint interactive meeting of exporters convened by the Union Commerce and Industry Minister, Mr Kamal Nath, along with the Union Finance Minister, Mr P. Chidambaram.

Stating that exports were a major factor in India's economic growth story, Mr Chidambaram said that he recognised the validity and merit of the exporters' suggestions. "These will be examined and appropriate decisions would be taken," he said, adding that his responsibility as the Finance Minister was to balance the interests of exporters, the industry and of revenue.

Mr Kamal Nath also underlined the need to balance exporters' requirements with the interests of the domestic industry to facilitate the growth of both the sectors. He urged the exporting community to look ahead and strategise to avoid being overtaken by emerging new competitors in the global market place.

Exporters and several export promotion councils sought the removal of 4 per cent central sales tax as it made exports less competitive. They also sought zero duty on imports for export production under the export promotion capital goods scheme to provide a level playing field.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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