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FIEO News

30 Sep 2017

FIEO hails exemption of exporters from giving bank guarantee

The finance ministry on Friday stated that the government has decided to exempt small exporters from furnishing bank guarantee for shipping goods and services.

GST impact exporters

29 Sep 2017

Small exporters exempted from furnishing bank guarantee

The finance ministry in a statement said that small exporters have brought to the notice of the government the difficulties in furnishing bond with requisite bank guarantee.

GST taxes refund

22 Sep 2017

Looking at ways to ensure timely refund of taxes: Finance Ministry

For July, where GSTR 1 form has been already filed by businesses, it said the authorities would be in a position to process the refund applications.

12 Sep 2017

'Exporters in serious fiscal crisis due to GST refunds delay'

Many exporters were on the verge of closure due to draining of working capital, since blockage of funds on account of GST was exorbitant, he said in a press release.

14 Jul 2017

GST to severely dent liquidity of exporters: FIEO

The Goods and Services Tax (GST) will severely dent the liquidity situation of traders and the compliance cost of merchant exporters may go up, top exporter body FIEO said on Friday.

23 Feb 2017

WTO's trade facilitation agreement to cut transaction costs, boost exports: FIEO

The WTO's trade facilitation agreement is expected to reduce transaction costs and promote exports, trade body FIEO said on Thursday.

04 Aug 2016

Exemption on export products should continue under GST: FIEO

Exporters body FIEO on Thursday said under the Goods and Services Tax (GST) regime, exemption on final export products should continue to promote overseas shipments.

India's Exports

22 Feb 2016

Exports: 17 out of 30 sectors decline in January

Exports of over half of the sectors, out of the 30 closely monitored by the Commerce Ministry, were in the negative zone in January due to a fall in global prices and demand.

15 Feb 2016

Exports may end up at $260 billion in FY16: FIEO

As exports fell for the 14th month in a row, exporters said the country may end up with outbound shipments of USD 260 billion in 2015-16, sharply lower than the USD 310.5 billion mark achieved in the previous fiscal.

India's Exports

18 Nov 2015

Interest subsidy scheme to boost shipments: Exporters

Government's decision to extend the interest subsidy scheme for five years will help in controlling dip in exports and increasing competitiveness of domestic products in the global market.

28 Sep 2015

Declining exports: ComMin to hold exporters meet on Oct 7

Worried over continued decline in exports, the Commerce Ministry will hold a meeting of exporters on October 7 to discuss ways to contain the dip in the outbound shipments.

07 Sep 2015

Exports of 10 key agricultural products in negative zone in July

Cereals, oil meals, oil seeds, fruits and vegetables, marine products, dairy and poultry products too recorded negative growth during the month, according to the Commerce Ministry.

03 Sep 2015

Decline in exports "pulled down" GDP growth by 3%: FIEO

Exporters body FIEO on Thursday said the decline in outbound shipments has "pulled down" India's GDP growth in the April-June quarter by over 3 percent.

11 Aug 2015

India's exports to be hit by yuan devaluation: FIEO

"The devaluation will affect India's exports not only to China but to other countries also with increasing competitiveness of Chinese exports.

11 Aug 2015

China yuan devaluation to hit India's exports: FIEO

India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2 percent, which is bound to raise the competitiveness of outbound shipments from the neighbouring country, exporters' body FIEO said Tuesday.

06 Jul 2015

FM assures on-time payment of tax refund to exporters

Finance Minister Arun Jaitley Monday assured exporters of timely payment of tax refund and promised steps to boost shipments, exporters body FIEO said.

27 Jun 2015

Exports losing steam, may lead to job losses: FIEO

"If exports continue to move in the negative territory, it will sooner or later put pressure on CAD (current account deficit) and may derail the rebuilding of economy."

India's Exports

17 Jun 2015

Steps to arrest decline in exports should be taken: FIEO

While expressing concern on sharp decline in India's export for May 2015, FIEO Southern Region Chairman, A Shaktivel said that continuous decline in export need to be arrested at any cost.

04 Jun 2015

Govt restricts free export of goods for promotion activities

The government Thursday restricted free outbound shipments of goods by large exporters for export promotion activities to Rs 10 lakh.

Duty refund claims

03 May 2015

Duty refund claims touch Rs 6,423 cr; impacting exports: FIEO

The government should expeditiously clear Rs 6,423 crore of duty refund claims as the mounting arrears are hurting shipments, exporters have demanded.

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