MUMBAI, 15 SEPTEMBER, 2019 (GPN):

Reaction/Comments of Chairman of PLEXCONCIL

Among the new measures to boost exports, the announcement of Scheme for Remission of Duties or Taxes on Export Product (RoDTEP) as a replacement to Merchandise Exports from India Scheme (MEIS) seems a good move as we believe that RoDTEP is WTO-compliant and will allow Indian exporters to claim reimbursement of embedded taxes which were resulting in higher cost of production. We also hail the announcement regarding fully automated electronic refund route for Input Tax Credits (ITC) in GST as it was leading to unnecessary blockage of funds for the exporters.

The need of the hour to bring in all the stakeholders to one page; i.e., ease of doing business and if the Government can think of one single window to address all the  problems of the exporters and for exporters redressal. Customs, DGFT, GST Council and department of Revenue, RBI, should on one page. Unnecessary paperwork should be avoided. All the stakeholders should feel that there is a necessity to increase exports in order to achieve USD 5 trillion economy.