INDIAN EXPORTERS WELCOME NEW BUDGET

INDIAN garment exporters have expressed relief after receiving the details of India’s annual central government budget for 2013, after a feared increase in indirect taxes was not proposed. Exporters worried about an increase in import duties for inputs and also excise duties on outputs that have to be reclaimed later for exports. “We expected an increase in excise and customs duties, but there were none, so we are happy,” A Sakthivel, Chairman of Apparel Export Promotion Council (AEPC) told just-style.com.However, H K L Magu, managing director of Jyoti ...


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