The Central Board of Indirect Taxes and Customs (CBIC) has asked Director General of Foreign Trade (DGFT) to beef up its system used for accrediting exporters after investigations brought to the fore integrated goods and services tax (IGST) fraud by some ‘star’ status holding exporters.
The recovery of money owed to the micro, small and medium enterprises (MSMEs) by corporate debtors should be brought in the ambit of corporate insolvency resolution process (CIRP) costs, said the Federation of Indian Micro and Small & Medium Enterprises (FISME) in its pre-budget presentation to the Finance Minister.
Knitwear exports from the country during first five months of current financial year grew by 8.69 percent as compared the exports of the corresponding period of last year.
BEIJING, Jan. 5 (Xinhua) -- China's textile sector reported stable development in the first 11 months of 2019, data from the National Development and Reform Commission showed.
Over 250 exporters in Tiruppur have been categorised as “Risky” by the Customs Department. Industry sources told BusinessLine that the exporters were in the dark about “Risky Exporter Status” categorisation for a long time.
The Chinese National Development and Reform Commission released data showing that the textile industry in China has registered a steady expansion in the starting 11 months of the earlier year 2019.