Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Release of pending export incentive dues to ease liquidity at most challenging times: Exporters.


Date: 10-09-2021
Subject: Release of pending export incentive dues to ease liquidity at most challenging times: Exporters
The government's decision to release the pending export incentive dues worth Rs 56,027 crore will help the sector in meeting the liquidity concerns and maintaining cash flow during the current challenging times, according to exporters. The government on Thursday said it will release Rs 56,027 crore to exporters against pending tax refunds under different incentive schemes for outbound shipments. The amount will be disbursed to more than 45,000 exporters.

Welcoming the move of clearing pending tax dues, former President Federation of Indian Export Organisations (FIEO) S K Saraf said that the delay in payments has affected cash flow of exporters in MSME sector particularly.

"This payment will be a great relief to exporters in these challenging times. I hope this payment is made expeditiously. It will save a lot of MSMEs from a certain extinction," Saraf said.

Sharing similar views, Ludhiana Hand Tools Association President S C Ralhan said that the move would help in promoting exports.

"Container shortage and rising freight rates will also required urgent attention of the government," Ralhan said.

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said that it will help exporters bag additional export orders for the coming festive season and thus help the country achieve its merchandise export target of USD 400 billion.

"The government has made a smart move by deciding to release Rs 56,027 crore against pending tax refunds to exporters in the current financial year itself. Apart from supporting exporters that are struggling to meet their working capital needs, the extra cash in hand will enable them to commit to bigger export orders," Sakthivel said.

Sakthivel, who is also FIEO President, said that for the MSME sector, the decision has come as a booster dose for them as it would help them to be able to complete their booked order more efficiently.

"The move will help the sector in meeting the liquidity concerns and maintaining cash flow of the exports sector thereby further facilitating in addressing the export demand in the international market," he added.

Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry, said that this is a massive relief measures announced for the exporters.

"Release of Rs 56,027 crore will boost the sentiments of the small exporters to expand their export horizons and connect well with the global value chains," he said.

Source:economictimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001