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No Incentives for Exporters after Introduction of GST Says Commerce Secretary

Aug 26, 2016

Speaking at a meeting organised by the Federation of Indian Export Organisations (FIEO), The Gem & Jewellery Export Promotion Council (GJEPC) and the Engineering Export Promotion Council (EEPC), in New Delhi on August 25th, 2016, Smt Rita Teaotia, Commerce Secretary, Government of India, said that exemptions and incentives which have been so far extended to exporters, would be done away with once the Goods and Services Tax (GST) was implemented.

She informed those present that it was the Department of Revenue (DoR) and not the Department of Commerce (DoC) that is involved in framing the law and rules and regulations for GST. However, the DoC would be providing their inputs to the finance department.

Presently, the DoR was taking in all suggestions and representations -- including on the possible impact on exports -- from various quarters and from various stakeholders.   

She assured the audience that the Government of India was trying to ensure the competitiveness of the country’s industries so that Indian companies could take on the challenges presented by the global marketplace.

“Programmes like Make in India, Skill India, Digital India were efforts to increase competitiveness of Indian exports,” she is quoted as saying in media reports.  

Referring to SEZs, she is reported to have said that the government is committed to this sector. “We will align our policies in tune with the GST. Our interest and concern is to protect the export sector and SEZ is important for the country’s economic landscape,” she is quoted as saying.

Pic caption: Commerce Secretary Ms Rita Teaotia

 

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