Page 6 - Exporters
Exporters still face various problems
Hopefully, the government will take note and make life easier for exporters
 "Exporters still face various problems")
Criteria for identifying risky exporters not made clear by CBIC: Expert
A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds
 "Criteria for identifying risky exporters not made clear by CBIC: Expert")
Orissa High Court stays notices issued by DRI against exporters
Through these licences, holders could import goods at zero duty for the purpose of exports
 "Orissa High Court stays notices issued by DRI against exporters")
In a period of high growth, import costs irk exporters in India
Burgeoning demand for Indian goods across major export destinations has led to widespread expectations that merchandise exports will breach the $325-billion level in the current financial year
 "In a period of high growth, import costs irk exporters in India")
RBI waves ED threat to keep exporters in line, foil hedging against rupee
The RBI has often impressed it upon banks that the EDPMS needs to be up to date as the data is required to monitor how fast exporters bring back their export proceeds
 "RBI waves ED threat to keep exporters in line, foil hedging against rupee")
Exporters need help, hand-holding as they face global headwinds: Sitharaman
The labour intensive sectors include leather, gems and jewelry, handicrafts and engineering
 "Exporters need help, hand-holding as they face global headwinds: Sitharaman")
Exporters raise concerns over a strong rupee eroding margins
The rupee has, however, been weakening of late amid growing geopolitical tensions
 "Exporters raise concerns over a strong rupee eroding margins")
New US worry for exporters
Indian exporters have reason to worry about the new Trade Facilitation and Trade Enforcement Act in America, signed into law this February.Under it, the US Customs may stop any imports for reasons such as health and safety, protection of intellectual property rights, currency manipulation, goods produced using forced or child labour, money laundering, bribery and various other practices which are held to put US industry at a disadvantage.The Act is already in force and India is seen as one of the countries under watch. US President Barack Obama had said while signing the new law that US industry needed protection and actually mentioned India in connection with dumping of steel products. Hala Bou Alwan, head of risk market development at media and information services entity Thomson Reuters, said: "The US Customs are under obligation to screen and grade whatever is imported, and ensure the exporter has not violated any prescribed norms." India should, she advises, be pro-active and ensu
