New Delhi, March 20 (IANS) Pakistan’s rice exports declined by over 35 per cent in February despite government subsidies, raising concerns over the effectiveness of the support measures, according to a report.According to the report in Dawn, exporters said the subsidy programme had pushed up domestic prices, making Pakistani rice less competitive in global markets and undermining the intended benefits.However, official data from the Pakistan Bureau of Statistics showed that basmati rice export…
Latest Duty Drawback News & Updates
New Delhi, Jan 20 (IANS) The Department of Posts has operationalised the extension of export benefits — Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Taxes and Levies (RoSCTL) — for exports made through the Postal channel, according to an official statement issued on Tuesday.This initiative, that came intoeffect from January 15 in pursuance of notifications issued by the Central Board of Indirect Taxes and Customs (CBIC), is a major …
New Delhi, Jan 16 (IANS) In a bid to strengthen India’s e-commerce and MSME sectors, the government on Friday said it has extended export incentives to postal shipments, with effect from January 15.The Central Board of Indirect Taxes and Customs (CBIC) said it has extended export-related benefits under the Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Taxes and Levies (RoSCTL) schemes to exports made through the postal mode in electr…