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Industry & Economy - Budget


Delhi exporters' body unhappy with Budget proposals

Our Bureau

New Delhi , July 12

THE Delhi Exporters' Association (DEA) has expressed disappointment over the Budget proposals of the United Progressive Alliance (UPA) Government. It

It stated that there are no concrete measures in the Budget to accelerate export growth.

"Exporters were expecting the restoration of Section 80HHC, which did not happen. There is also no relief on the issue of taxation of sale of duty entitlement passbook (DEPB).

"Further, the service tax rate has gone up to 10 per cent thereby making our exports less competitive in the global markets," Mr S.P. Agarwal, President, DEA told newspersons here.

The members of DEA also demanded that units located in the Domestic Tariff Area (DTA) and exporting 100 per cent of their turnover should have a level playing field (on the issue of tax holiday) with the units in the special economic zones (SEZs) and 100 per cent export oriented units (EOUs).

Mr Agarwal also demanded a change in the definition of a 100 per cent EOU in the exim policy.

He held that this definition should include those units that export 100 per cent of their produce even though they are located in the DTA.

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