INDIA EXPORTS
November 1st, 2002
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA'S Council for Leather Exports has expressed disappointment over the recommendations of an Indian government industry task force, which has suggested cutting tax and duty exemptions. The council said that export promotion schemes such as advance licensing, the Duty Entitlement Pass Book and the Export Promotion Capital Goods exemption had been introduced to offset some of the cost disadvantages for Indian exporters. Removing these schemes would "hit the exports very hard", said the council.
INDIA'S Council for Leather Exports has expressed disappointment over the recommendations of an Indian government industry task force, which has suggested cutting tax and duty exemptions. The council said that export promotion schemes such as advance licensing, the Duty Entitlement Pass Book and the Export Promotion Capital Goods exemption had been introduced to offset some of the cost disadvantages for Indian exporters. Removing these schemes would "hit the exports very hard", said the council.
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