Exporters seek rebate scheme from trade policy

The body said that exports were burdened with the incidence of state and local levies which for certain products in certain states may be as high as 5-6 per cent of the Freight-On-Board value.

Federation of Indian Export Organisations President A Sakthivel also said, “the merging of two (Central and State GST) into a comprehensive national GST will take a long time.

Foreign Trade Policy should therefore, announce a new scheme to rebate State and local levies on an average basis.” Federation of Indian Export Organisations has submitted a list of demand to help exporters deal with the slump in demand to Commerce Minister Anand Sharma for inclusion in the Foreign Trade Policy to be announced on August 27.

It also wants enhancement of incentives under various promotional schemes like Focus Product Scheme, Focus Market Scheme and Market Linked Product Scheme where the benefit ranges between 1.25 to 5 per cent.

The export benefit under all these schemes should be a minimum of 3.75 per cent and all such schemes may be extended till March, 2012, Fieo has demanded.

Liked the story?

  • 0

  • 0

  • 0

  • 0

  • 0