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GST refund delay causing cash crunch for exporters: Federation of Indian Export Organization
Highlights
Federation of Indian Export Organization (Fieo) on Wednesday expressed concerns over delay in GST refunds and reduction in duty drawback. Because of this, exporters are unable to take advantage of positive global markets.
Hyderabad: Federation of Indian Export Organization (Fieo) on Wednesday expressed concerns over delay in GST refunds and reduction in duty drawback. Because of this, exporters are unable to take advantage of positive global markets.
As a result, while referring to the trade data for October 2017, India suffered drop in export of major manufacturing and labour oriented sectors including textiles, garments, handicrafts, leather, gem & jewellery, etc, said Fieo.
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