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Government has fixed the interest equivalence limit at Rs 1.66 crore per IEC for July-August
New Delhi, The Commerce Ministry on Wednesday clarified that the interest equalization limit for the period July 1 to August 31 will be Rs 1.66 crore per IEC (Import-Export Code).Last month, the government had extended the Interest Equalization Scheme (IES) on pre- and post-shipment rupee...- NewsBot
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- Category: Business & Economy
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India-US agree to extend 2 percent digital tax on e-commerce goods till June 30
New Delhi [India], India and the United States agreed to extend the 2 percent equalization tax or digital tax on e-commerce supplies until June 30.On 8 October 2021, both countries joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain and the...- NewsBot
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Interest Equalization Scheme for Exporters Extended for 2 Months; FIEO disappointed
New Delhi: The government on Friday extended the interest equalization scheme on pre- and post-shipment rupee export credits for two months to promote outbound shipments from the country.The scheme providing interest benefits to exporters ended on June 30 this year.However, apex exporters'...- NewsBot
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- crore equalization export exporters extended extension interest june msme outlay post-shipment products rupee scheme till
- Category: Business & Economy
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India, US extend digital tax on e-commerce supplies till June 30
New Delhi, India and the United States have decided to extend a 2 percent equalization tax or digital tax on e-commerce supplies until June 30, the Finance Ministry said on Friday.In a major overhaul of the international tax system, India and the United States have joined 134 other members of...- NewsBot
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Pre-Bud Meet: Exporters will look for support measures to boost exports
New Delhi: Exporters are likely to seek fiscal support measures at their pre-budget meeting with Finance Minister Nirmala Sitharaman here on Tuesday to boost the country's exports to $2 trillion by 2030, a senior official said. industry.The country's exports of goods and services have...- NewsBot
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- billion cent country's equalization export exporters exports goods increased measures official rupee scheme support trillion
- Category: Business & Economy
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Export estimation for FY'25 underway, extension of interest equalization scheme proposed: DGFT
Kolkata Director General of Foreign Trade (DGFT) on Friday said export projections for the current fiscal year are still being finalized while efforts are on to improve the ease of doing business to meet the government's target of achieving 2 billion dollars in exports by 2030. .Total exports...- NewsBot
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Commerce Minister may seek 5-year extension of interest equalization scheme for exporters
New Delhi: The commerce ministry may seek to extend the interest equalization scheme on pre- and post-shipment rupee export credit for another five years to boost the country's outbound shipments, an official said.This scheme will end on June 30 this year."The ministry will reform some...- NewsBot
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- cent credit crore disbursed equalization export exporters five interest june post-shipment rate rupee scheme
- Category: Business & Economy