: CEPC urges govt to clear GST, DBK claims soon #FinanceIndia #StockMarketNEWS CEPC urges govt to clear GST, DBK claims soon New Delhi, May 27 (KNN) Carpet Export Promotion Council (CEPC) has demanded

@StockMarketNEWS Fri 29 May, 2020

Posted in: #FinanceIndia #StockMarketNEWS

CEPC urges govt to clear GST, DBK claims soon #FinanceIndia #StockMarketNEWS
CEPC urges govt to clear GST, DBK claims soon New Delhi, May 27 (KNN) Carpet Export Promotion Council (CEPC) has demanded government to make arrangements for early clearance of pending Goods and Services Tax (GST) and Duty drawback (DBK) claims.

During a meeting with Union Commerce and Industry Minister Piyush Goyal, on Tuesday, Siddh Nath Singh, Chairman, CEPC said, ‘In spite of repeated assurances members are not getting the payments of their pending DBK and GST claims.

In a written note to KNN India, Singh also informed that he took up the following issues with the Minister such as Interest subvention to Small Exporters registered as MSME.

Although the RBI vide notification dated May 13th, extends the scheme upto March 31 but bankers are not granting the 20% extra limit as announced by the government to the exporters, he added.

Citing that duty is very low on machine made carpets which are being imported from Belgium, Turkey and China, the chairman requested Minister to increase the Import Duty on it.

Singh further said that Due to COVID – 19 scenario our major market i.e. US and Europe is badly affected and it will take at least 6-9 months to re-start the export.

We wish to explore the domestic market to save the livelihood of weavers/ artisans and to save the industry in the hour of crises, he concluded.

Dr. Anup Wadhawan, IAS, Commerce Secretary, Amit Yadav, DGFT and other senior officials were also present in the meeting.