Pharmexcil seeks assistance from Commerce Ministry in resolving export issues post GST
The Dollar Business Bureau In order to resolve the difficulties that the pharma exporters are facing with the implementation of Goods and Services Tax (GST), Pharmaceuticals Export Promotion Council of India (Pharmexcil) has asked for the assistance of the Ministry of Commerce and Industry. It has to be noted here that the Government had withdrawn incentives provided to pharmaceutical exporters under GST. Pharmexcil, in a letter written to Commerce Secretary Rita Teaotia, stated that various categories of pharmaceuticals exporters specifically manufacturer-exporters and merchant exporters have to pay GST at various stages and then they can claim for refund, which results in blocking of working capital. Because due to this, the competitive advantage of exporters would be tapered off. The Council has sought exemption ...
DGFT Launches online payment facility for application fees through Credit/ Debit Cards
Source: PIB, Government of India The Commerce Secretary, Rita A.Teaotia launching the operationalisation of online payment of application fee through debit cards and net banking, in New Delhi on July 09, 2015. Source: PIB, Government of India In keeping with the Digital India vision of Prime Minister, and taking yet another small but crucial step towards paperless, online functioning in 24x7 environment, Directorate General of Foreign Trade (DGFT) today launched the facility of online payment of application fees through credit/debit cards and electronic fund transfer from 53 Banks. The facility of online payment was launched by Commerce Secretary Rita A.Teaotia. As a measure of trade facilitation and 'Ease of doing business,' DGFT has already operationalised the facility of online filing of ...