Tags

New Delhi: Exporters and industry on Friday raised several concerns including dip in bank lending, delay in refund of input tax credit and withdrawal of GSP benefits by the US, during a meeting of the Board of Trade, chaired by Commerce Minister Suresh Prabhu.

For about 48 million small and medium enterprises (SMEs) operating in India, continuous investment for enhancing their technology is a pre-requisite for supporting their sustainability and scaling up plans. To do so SMEs need access to risk capital to deploy state-of-the-art technology through means of technology acquisitions. 

MUMBAI: The rupee slipped by 7 paise to close at 71.23 against the US dollarNSE -0.53 % Friday, pressured by heavy foreign capital outflows and firming oilNSE 1.18 % prices. 

Industry on Friday raised concerns on the flow of credit to export sector, exports to countries under US sanctions like Iran, caution listing by the Reserve Bank of India, delay in uploading of eBRC by banks and the US' likely withdrawal of benefits to Indian exports, at the Board of Trade meeting chaired by commerce and industry minister Suresh Prabhu. 

The persistent decline in bank lending for exporters, delay in refund of input tax credit and the fear of a withdrawal of duty-free export benefits by the US under the so-called GSP regime dominated the discussion at a meeting of the Board of Trade on Friday.

Kolkata: Pandiyaraj G V, the assistant commissioner of CGST, said steps should be taken to inform everyone about the recent changes in GST council. For those businesses that came under late fee filers, the government has given a benefit to file return by March 2019. 

Subcategories