Page 6 - Export Products News Today

The Tiruppur Exporters’ Association has welcomed the announcement by the Central government on extension of the Emergency Credit Linked Guarantee Scheme for five years. Association president Raja M. S

India's exports are set to go up, supported by a continuous rise in commodity prices and opening of key markets in the United States and United Kingdom. But as profitability shrinks and pending refunds mount, the fortunes of the sector remain tied to how long the current wave of the pandemic continues in India.

Zinc manufacturers ask Centre for 5% RoDTEP rate May 24, 2021 India Lead Zinc Development Association write to Minister Piyush Goyal India Lead Zinc Development Association (ILZDA) has urged the Central government to urgently notify a 5 per cent remission rate under the RoDTEP (Remission of Duties or Taxes on Export Products) Scheme for zinc exports to help enhance competitiveness in the global market. “For the last few months, the domestic demand for zinc has been somewhat depressed due t...

Plans to restart all projects put on hold due to Covid pandemic

The value of engineering goods shipments registered a year-on-year growth of 238.27% during April, 2021 owing primarily to lower base effect and strong demand from traditional markets. This shows recovery in external trade is very much on track ...

Photo Credit: IANS IANSLive New Delhi, May 12 (IANS) The Aluminium Association of India (AAI) has pushed for speedy implementation of the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal a...

The Federation of Indian Export Organisations (FIEO) President S K Saraf also expressed concerns over the rising prices of domestic inputs and suggested reduction in import tariff to soften the prices.

‘Annual export target of $400 billion achievable if exporters’ concerns are addressed’ May 12, 2021     The Federation of Indian Export Organisations (FIEO) has said a concerted strategy would be required to achieve the goods exports target of $400 billion for 2021-22 set by the Commerce Ministry. Exports should be treated as national priority, providing adequate liquidity and releasing all export benefits for achieving the target, it said. “Liquidity should be addressed by encouragi...

Govt looks to limit RoDTEP spends May 12, 2021 Capping refunds, limiting eligible sectors could ease budget constraints The Centre is examining options such as putting a cap on the refund amount for individual exporters and limiting the number of items eligible for refunds to stay within the limited budget sanctioned for the Remission of Duties and Taxes on Export Products (RoDTEP) scheme implemented from January 1 2021, according to sources. Exporters, however, want the RoDTEP rates, recommend...

Aluminium cos seek tax rebate of 5% on exports May 12, 2021 × It also requested a separate budget allocation for the aluminium industry to double Aluminium exports over the next 2-3 years The Aluminium Association of India has urged the government to implementation the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times. In a letter to senior officials of ministries of Commerce and Industry and Finan...