• Download mobile app
23 Apr 2024, Edition - 3206, Tuesday

Trending Now

  • 830 voters names go missing in Kavundampalayam constituency
  • If BJP comes to power we shall consider bringing back electoral bonds: Nirmala Sitaraman
  • Monitoring at check posts between Kerala and TN intensified as bird flu gets virulent in Kerala

Coimbatore

Exporters hail extending the exemption of payment of IGST

Covai Post Network

Share

Coimbatore : Tirupur Exporters Association today said the notification extending the exemption payment of IGST for imports of machinery under EPCG scheme and inputs, raw material under Advance Authorization Schemes up to March 31 2020, by Central Board of Indirect Taxes is a great relief to the importers.

The association has been taking a lot of efforts through representations for getting extension for another one year as number of exporting units and also knitwear   stakeholder units are importing Machinery to meet the requirements of buyers, its President, Raja M Shabmugham said in a statement here.

The payment of IGST for import of machinery under EPCG (Export Promotion Capital Goods) scheme could not be claimed as refund as the payment is for capital goods, he noted.

He thanked union minister of Commerce and Industry Suresh Prabhu and Textile Minister Smriti Irani for extending the exemption.

Subscribe To Our Newsletter

COIMBATORE WEATHER