Tiote Rita (Rita Teaotia), Indian Commerce Minister, said at a meeting of exporters, that exemption from taxes and export promotion, which had previously provided the authorities, will be abolished after the adoption of the tax on goods and services (Goods and Services Tax, GST) .
The session was organized by EEPC, FIEO and the GJEPC, Tiote said. "Exemption from taxes and export promotion will be canceled after the take effect a tax on goods and services GST and tax exemption can not be used at the same time the Ministry of Commerce is not engaged in the tax legislation. . We will try to negotiate with the Ministry of Finance before the new rules are finally adopted. "
The Government of India aims to create a suitable environment for improving the competitiveness of Indian exporters and to solve the problems associated with the slowdown in global growth. "Program" Made in India "(Make in India)," Skills in India "(Skill India) and" Digital India "(Digital India) are designed to improve the competitiveness of Indian exporters," - added the Minister.
With regard to the special economic zones, as the Minister said, the authorities intend to further develop this segment of the economy. "We bring our policy in line with the new rules GST is in our interests -. Protection of the export sector, and special areas are important for the formation of a new economic landscape of the country", - concluded Tiote.
https://coub.com/pearl.necklace
1 comment:
The Indian diamond trade center (India Diamond Trading Centre, IDTC) , the first special customs zone for the diamond trade in India, will be opened on 20 December at the complex Indian Diamond Exchange (Bharat Diamond Bourse, BDB) in Mumbai on December 20, according to Rapaport portal.
Special customs zone is a joint initiative of the Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and BDB. It will be opened in the presence of the Minister of Commerce and Industry of India Nirmala Sitharamana (Nirmala Sitharaman). At the opening ceremony will be present leadership of the largest mining companies - ALROSA, De Beers and Rio Tinto, said Pravinshankar Pandya (Praveenshankar Pandya), Chairman GJEPC.
Special customs zone is located on an area of 4000 square feet in the building BDB. In it are nine fully-equipped according to international standards of rooms to view products, diamond vault, two safes, a conference room and the latest security systems.
Rio Tinto, De Beers and Dominion Diamond Corporation has completed the test shows the product in a special area. Visits schedule already made up before the end of 2016.
Post a Comment