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EPC BULLETIN DEC-2019

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CHAIRMAN MESSAGE

EXPORT SUMMIT 2019

Export Promotion Centre, a forum of Tamilnadu Chamber Foundation supported by Tamilnadu Chamber of Commerce and Industry, the second largest Chamber of Commerce in India was established in the year 2010 and have six chapters across Tamilnadu – Madurai, Chennai, Coimbatore, Salem, Erode and Hosur .

Export Promotion Centre is organising “VIBRANT TAMILNADU EXPORT SUMMIT 2019” at World Tamil Sangam on 21st December 2019 , 9am to 6 pm. Chief Guest Mr. Tarun Vijay – National Monuments Authority, Government of India. He is also Ex. MP – BJP.

EPC Chairman Mr. K. Thirupathi Rajan and Mr. Sundar – Convenor met and invited to Shri. Piyush Goyal – Commerce Minister and Shri. Tarun Vijay – Chairman – National Monuments Authority, Government of India at Delhi.

COLLEGE CONNECT

Export Promotion Centre is marching towards its 10th year of establishment have decided to take new initiatives which will support aspiring entrepreneurs to take their business to next level. EPC have decided to take up the role of mentor to support the students community across Tamilnadu to educate them about export trade which will include export basics, documentation, costing, risk management etc. by conducting workshops and seminars.

EPC First MoU signed with Subbalakshmi Lakshmipathy College of Science, Madurai for College Connect Project.

 

DGFT

PC Chairman Mr. Thirupathi Rajan met Mr. Piyush Goyal – Minister of Railway and Commerce for the purpose for DGFT new implementation to merge.

Monthly Meetings – All EPC Chapters

Hosur – Export Documentation by Mr. S Ramakrishnan – Vice Chairman EPC

COIMBATORE – Export Costing by Mr. Venkataraman – Founder – freightclub.in

Hosur – Export Negotiation Skills by Mr. G. Rajamurthy – Vice Chairman EPC

Salem – Risk Management by Mr. Sai Subramaniam – Managing Director – Surya Impex

Erode – Export Negotiation Skills by Mr. K. Thirupathi Rajan – Chairman EPC

Madurai – Gold Card Scheme and Trade Finance by Mrs. Selvanayagi – FIEO Deputy Director and Mr. Abin Daya – International Trade

ECGC Coimbatore. The Branch Manager Mr. Paul Multi Lakra handled the session.

Chennai- Export Negotiation Skills by Mr. Venkataraman – Founder – Freightclub.in

Governement Eases Input Tax Refunds for Exporters

NEW DELHI: In a major relief for the export sector, the customs authority has directed tax officials not to insist on proof of realisation of exports proceeds for processing of input tax refunds.

Delay in issuance of refunds has been a sore point for exporters since the switchover to goods and services tax (GST) regime in July 2017.

The new directive from the Central Board of Indirect Taxes and Customs (CBIC) follows assurance from finance minister Nirmala Sitharaman to the industry on easing of compliances

The circular makes it clear that tax authorities will not insist on proof of realisation of export proceeds for processing of refund claims related to export of goods as it has not been envisaged in the law.

CBIC emphasised that exports have been zero rated under the Integrated Goods and Services Act. Hence, as long as goods have actually been exported, even after a period of three months, tax officials should not insist on payment of Integrated tax first and claiming refund at a subsequent date.

There have been reports that exporters were being asked to pay integrated tax in cases where the goods were exported more than three months after the date of the issue of the invoice for export.

News from Economic Times.
 
 
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