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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.

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