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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.
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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.
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Exports from Gujarat touch $66 bn, rise by 22%: Govt

Thursday, July 19, 2018, 6:59 AM

Gujarat recorded exports of $66 billion in 2017-18, a rise of over 22% compared to $54 billion in 2016-17, a top government official said here on Wednesday. However, experts said that comparison of one year shows only a partial picture and the real picture emerges if a 3-5 year duration is taken into considered.

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