Delhi's new single window service for exports

EXIM Cell will facilitate disposal of refunds in a time-bound manner as these cases will be dealt in one ward instead of earlier 105 wards

jasleen

Jasleen Kaur | August 12, 2010



A first of its kind Export-Import Cell has been started in the Department of Trades and Taxes, under Delhi government. This separate cell will speed up the process of payment of VAT refunds to the exporters.

Describing exports as backbone of the economy, Minister of Finance Dr. A.K Walia, during the inauguration of cell, said that through this the government has provided Single Window facility to exporters of Delhi instead of approaching to 105 different wards for their work. He added, "This will facilitate the exporters and smoothen their interface with the Department."

As export are free from any tax liability, exporters become entitled for refund of VAT paid on all such purchases, which are made by them after paying VAT on various materials/inputs to manufacture/trade (including packing) before export out of India.

But this new cell will facilitate disposal of refunds in a time-bound manner as these cases will be dealt in one ward instead of earlier 105 wards. This will help them in making their products more price competitive due to timely reimbursement. As of now, dealers having 100% export activity with minimum turnover of rupees one core will be dealt by this newly created EXIM CELL in the Vyapar Bhawan.

The cell would also deal with imports. Dr. Walia said that there is a need for exercising utmost scrutiny of these imports from the viewpoint of realization of VAT on their sale in Delhi, and for the economic activity they generate.



 

Comments

 

Other News

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has

India will set example of post-Covid-19 economic revival: Modi

India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including

3,543 ‘Shramik Special’ trains transport 48 lakh people in 26 days

Close to 48 lakh migrant labourers have been able to reach home from the cities they were working in, as the Indian Railways have run a total of 3,543 “Sharmik Special” trains from May 1. Following the home ministry order regarding the movement by special trains of migrant worker

How Jeevan Raths have helped 52,000 migrants in Maharashtra

Before the novel coronavirus hit it, Mumbai about 10-12 lakh labourers from elsewhere had made it their home. The figure for the state of Maharashtra was another 18-20 lakh. As the pandemic spread and the Maximum City emerged as the worst-hit place in India, all economic activities came to an end, and with



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter