Hotline: 1800 102 2007
X
Search Business Opportunities
2011-05-16

Exporters seek DEPB extension

Exporters have been demanding for continuation of the benefit, which makes their exports competitive in the global market.

The Commerce Ministry will push for stepping up benefits for exporters under different market-linked schemes, including the popular DEPB, which is scheduled to end on June 30, said Commerce Secretary Rahul Khullar.

The case will be taken up with the Finance Ministry which has refused to give any more extension to the Duty Entitlement Pass Book (DEPB) scheme.

Exporters get refund of duties on import content of their export products under the 14-year-old DEPB which has been given several extensions. It costs the exchequer about Rs 8,000 crore per annum.

"I will go back (to the Finance Ministry) and argue why those (market-linked incentives) should (not) be stepped up...," Commerce Secretary Rahul Khullar was quoted by a news agency report on Sunday.

According to some media reports, earlier the Finance Ministry had rejected the Commerce Ministry's proposal to extend the flagship incentive plan after June.  

Khullar said helping exporters during the global financial meltdown had paid off. "If we could not have made that move in 2009, we would have been in deep trouble," he said.

 

The Commerce Ministry will push for stepping up benefits for exporters under different market-linked schemes, including the popular DEPB, which is scheduled to end on June 30, said Commerce Secretary Rahul Khullar.

The case will be taken up with the Finance Ministry which has refused to give any more extension to the Duty Entitlement Pass Book (DEPB) scheme.

Exporters get refund of duties on import content of their export products under the 14-year-old DEPB which has been given several extensions. It costs the exchequer about Rs 8,000 crore per annum.

"I will go back (to the Finance Ministry) and argue why those (market-linked incentives) should (not) be stepped up...," Commerce Secretary Rahul Khullar was quoted by a news agency report on Sunday.

According to some media reports, earlier the Finance Ministry had rejected the Commerce Ministry's proposal to extend the flagship incentive plan after June.  

Khullar said helping exporters during the global financial meltdown had paid off. "If we could not have made that move in 2009, we would have been in deep trouble," he said.

Exporters have been demanding for continuation of the benefit, which makes their exports competitive in the global market.

Related opportunities
  • Departmental/Unisex
    About Us: Tailorz was launched in 2015 with a vision to..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us:   The Crêpe Café is BFC Retail Group ’s..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Electric Vehicles (E-Vehicles)
    About Us: India’s First –Ever  Electric Bike Rental/Taxi/Delivery Platform e-Bike..
    Locations looking for expansion New Delhi
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • About Us:   Investment Brand fee Space Staff Expected Monthly sal..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts