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INDIAN EXPORTERS ASK GOVT NOT TO LOWER DUTY DRAWBACK RATES.

AsiaPulse News

| June 03, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, June 3 Asia Pulse - Exporters said on Friday that the Indian government should not lower the duty drawback rates in view of the dismal export scenario, as such a move could have an adverse impact.

The government is likely to unveil the revised all industry rates of drawback soon since the usual practice is to announce the rates within 3 months from the date of annoucement of the Federal Budget.

"We are expecting that government will take a sympathetic view of the present export situation and maintain drawback rates at the present level. More so since competition from countries like China is becoming stiffer. Exporters' margins are already ...

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