Page 11 - Craftcil July 2017
P. 11

in focusin focus

              th
           17  July 2017;  Interactive Session in Jaipur

















           On behalf of the sector, Mr. R K Verma, Director, EPCH, says, the exporting
           community welcomes the introduction of GST and hopes to see a soft
           landing during the transition period
               An interactive session was organised at Jaipur on 17th July
           2017. About 125 member exporters attended and addressed
           their GST related issues to Mr. Subhash Chand Aggarwal,
           Commissioner (Customs); Mrs. Ruchita Viz, Additional
           Commissioner, CGST; Mr. Mahesh Kumar, Joint Commissioner,
                                                                 Mr. Dileep Baid,
           CGST; Mr, Virender Singh, Joint Director General Foreign Trade;
                                                                 COA Member,
           Mr. Dinesh Chandra Rakhecha, Dy. Commissioner, RGST; and CA
                                                                 EPCH, said that
           Yasha Dhaddha.Initiated by Mr. R K Verma, Director, EPCH, this
                                                                 introduction of
           saw the presence of eminent EPCH member exporters from
                                                                 GST would
           Jaipur like, Mrs. Leela Bordia, Mr. Satish Katta, and COA members
                                                                 mitigate the ill
           like Mr. Lekhraj Maheshwari and Mr. Dileep Baid.
                                                                 effects of cascading taxes and pave the way for a common
               Mr. Subhash Chandra Agarwal, Commissioner, Customs,  national market and exporters will derive the benefit of GST
           said that his Department has pursued the interests of the  where Export taxation under GST would be zero percent &
           exporters to ensure that environment post GST is not difficult  exporters would get input credit.
           and that the efforts of the Customs department have resulted
                                                                     Mrs. Ruchita Viz, Additional Commissioner, made a
           in positive outcomes. Mr. Virendra Singh, Jt. DGFT, opined,
                                                                 comprehensive presentation on Exports and Imports under the
           utilisation of Duty Credit Scrips under the MEIS and SEIS
                                                                 new GST regime and highlighted amendments and
           Schemes will be suitably aligned with changes in the indirect
                                                                 consequent changes in procedures for exporters, EOU's, SEZ's,
           taxes under the GST Regime and the validity period of the Duty
                                                                 Job works, Deemed Exports, etc. Members’ queries were
           Credit Scrips has been changed from 18 months to 24 months
                                                                 resolved by the concerned authorities.
           to enhance their utility and attractiveness in the GST regime.
           Value limit on the Free of Cost (FoC) exports for export
           promotion for Status Holders has been enhanced and the
           threshold for reaching Two Star Export House has been reduced
           to USD 20 Million, thereby incentivising exporters. He also
           informed that DGFT has signed an MOU with the Goods and
           Services Network (GSTN) for sharing foreign exchange
           realisation and Import Export code data. This will strengthen
           processing of export transactions of taxpayers under GST,
           increase transparency and reduce human interface.


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