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Jun 24, 2017
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Incentive Schemes For Exporters Will Continue Post GST
The incentive schemes designed for promotion of exports will continue even after the Goods and Services Tax roll out from July 1, while deemed export benefits may be withdrawn.
The government is committed to continuing incentive schemes for export promotion, Commerce Secretary Rita Teaotia said while addressing exporters at an event. However, she clarified that deemed export benefits may be discontinued, as GST will bring about a level playing field, Federation of Indian Exports Organisation said in a statement.
Deemed exports refer to the transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian currency or free foreign exchange.
Source -
https://www.bloombergquint.com
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