NEW DELHI: West Bengal FM Amit Mitra has expressed deep concern over the cases of GST frauds and has shot off a letter to union finance minister Nirmala Sitharaman calling for putting in place a robust reporting system to generate real time tax alerts on detection of any suspicious and fraudulent transactions.
A Bangladesh appellate court has accepted the agreement signed in May between the Accord Steering Committee and the Bangladesh Garments Manufacturers and Exporters Association (BGMEA) that has the endorsement of the government.
Bangladesh’s apparel exporters believe it is impossible for Indian businesses to import through Bangladesh from other countries to take advantage of duty concessions offered under a trade pact.
Bangladesh wants to grab more of the market share in some Latin American countries where demand for locally made products, especially apparel, is growing for competitive prices, said Commerce Minister Tipu Munshi yesterday.
The Directorate of Revenue Intelligence has sounded an alarm over garments being imported through Bangladesh from other countries to take advantage of duty concessions offered under a free-trade pact.
Fitch group firm India Ratings and Research on Wednesday lowered its GDP growth forecast India to six-year low at 6.7 per cent in the current fiscal as against 7.3 per cent projected earlier.