Rs. Exporters look at tax refund of Rs 56,027 crore
New Delhi: The Center will soon release a pending tax refund of Rs 3,08 crore to give a big relief to exporters. This will help exporters, who are facing declining demand and liquidity due to the Corona epidemic, and help the government achieve its વર્ષ 200 billion export target for the current year. Exporters facing financial liquidity problem relieved by government's announcement of quick release of refunds The amount will be distributed among more than 3,000 exporters, the Union Commerce Ministry said. The total amount of Rs 3,08 crore to be released under various export incentive schemes is Rs 12.5 crore under the recently proposed Remittance of Duties and Taxes on Export Products (RoDTEP) scheme and rebate of State and Central Levies and Taxes (RoSCTL) scheme. This is different from the proposed refund of Rs 4.5 crore. This means that Rs 15,600 crore will be used under these two schemes to settle claims for the current financial year 2020. Thus, a total of about Rs 5,000 cr...