Exporters want benefits of Capital Goods Scheme under GST regime
Thursday, June 6, 2019, 10:18 AM
Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capital Goods) scheme to goods and services tax (GST) regime. The exporters claimed that some of the services that were earlier allowed under the EPCG scheme were discontinued under the GST regime.
RBI action against delay in remittances case panic exporters: EEPC
Monday, December 17, 2018, 8:35 PM
Reports that the Reserve Bank of India is contemplating to forward cases of non-realisation of export proceeds to the Enforcement Directorate, have created unavoidable panic even among genuine exporters who have submitted their records about remittance receipts with their banks, EEPC India said. "The last thing our exporters want is the procedural hassle and any enforcement action," the EEPC India chairman said.
GST payment: Exporters favour online system of IGST refund
Wednesday, November 7, 2018, 7:48 AM
Exporters under the goods and services tax (GST) regime are favouring the completely online system of refund of integrated GST, over the traditional method of claiming refunds of accumulated input tax credit (ITC), as the former is expedited and involves little cost despite the requirement for upfront payment of integrated GST, which can cause cash flow issues, especially for smaller exporters, experts told FE.