Increased duty drawback vital for exporters, says expert
Sai Nikesh | The Dollar Business Raising concerns over Indian government’s efforts to curb steel imports through increase of import duties and imposition of anti-dumping duties, the Engineering Export Promotion Council (EEPC) felt such moves would have a negative impact on engineering exports from India. Speaking to The Dollar Business, Anupam Shah, Chairman, Engineering Export Promotion Council (EEPC), India, said, “Government’s move to protect domestic steel industry through hikes in import duty and consistent efforts for anti-dumping measures should go hand-in-hand with commensurate increase in duty drawback to exporters.” Or else, the engineering exports this fiscal may fall well short of $71 billion in 2014-15, he noted. “With the domestic prices being influenced by such levies, the drawback rates should simultaneously go up,” ...
Exporters body demands clear cut policy for MSME sector, promote exports
Himanshu Vatsa | The Dollar Business The government should come up with a “clear cut” policy for the micro, small and medium enterprises (MSME) sector, to encourage small-scale industries to boost exports, the Delhi Exporters Association said. The exporters’ body has already submitted its demand to the government in this regards. "The government should come out with a clear cut policy to encourage exports from India, including exports on manufacturing basis, especially for MSME products and those from tiny/cottage industry sector," the association said in a press statement. “Actually, the government is too slow when it comes to action and implementation. In 2002, we were promised a separate export corridor by the previous UPA government. But nothing has been ...
