« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Chandigarh exempts VAT on "Agarbatti"... SC stays income tax notice against General Electric... » FM urged to increase duty draw back rate by 3 pc December, 15th 2007 Tirupur Exporters Association (TEA) on Friday requested Union Finance Minister P Chidambaram to increase the duty drawback rate by another three per cent, so as to "sustain" in the global market and use the units' capacity fully. In a letter to Chidambaram, a copy of which was released to the media, TEA president A Shaktivel thanked him for revising upwards the duty drawback rates by one per cent for cotton knitwear products at a time when export was continuously facing a declining trend and showing a dismal performance due to unprecedented appreciation of rupee against the dollar. Shaktivel requested the minister to consider that hedging cost should be compensated or dual exchange rate should be considered and to fix the value of rupee against dollar at rs 42 for one year for the exporters. The exporters should be exempted from payment of service tax on all services and Fringe Benefit Tax, he said. Tirupur Knitwear exporters were making efforts to produce value added garments and exploring new markets and conducting lot of seminars with various Banks to make exporters familiar with the hedging mechanism for using such tools to protect themselves from the currency fluctuation, he said.