INDIAN CLOTHING EXPORTERS CLAIM GOVERNMENT’S FAILURE TO DELIVER PROMISED TAX BREAKS ARE HITTING OVERSEAS SALES
December 1st, 2019
Indian apparel exporters fear losing business, maybe forcing some to close units, over the Failure of the government to pay promised tax benefits since March (2019), which according to the Apparel Export Promotion Council of India (AEPC), now amount to more than USD 710 million. “It is affecting the industry very badly as exporters are not able to calculate at what rate to book the new orders,” Chandrima Chatterjee, an advisor at the AEPC, told just-style. In March (2019), the central government announced benefits for garment exporters under the 'Rebate of ...
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