Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 How to file ITR as an OCI on Indian income?
 4 income tax benefits you could expect from Budget 2023
 10 key steps to plan your taxes in 2023 Income Tax
 Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies
 How to save income tax under various sections in FY 22-23?
 5 tax-saving techniques for FY23 Here is what experts suggest
  Tax moves to make before end of 2022 Your Money
 Income Tax Dept Exempts Non-Resident Taxpayers From Filing Form10F For Now
 Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions
 Master Direction Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022

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 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting