LATEST NEWS UPDATES | Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]

Code Context



        trigger_error($message, E_USER_DEPRECATED);

    }

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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]

Code Context



        trigger_error($message, E_USER_DEPRECATED);

    }

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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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</span></span></code>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM&lt;br /&gt;
&lt;br /&gt;
* The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace all existing schemes in a bid to stimulate exports and the economy.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;This will incentivise all exporters more than all the existing schemes put together. The revenue forgone is projected at upto Rs.50,000 crores,&amp;quot; said the minister. Sitharaman also announced a fully automated electronic refund system for giving Goods and Services Tax (GST) credits to businesses on the taxes paid on raw materials.&lt;br /&gt;
&lt;br /&gt;
Sitharaman said that the existing schemes for refund of duties and taxes to exporters will continue till the end of this year. From 1 January, only the new system will be available.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/government-announces-rs-50000-crore-overhaul-of-export-tax-refund-scheme-gireesh-chandra-prasad-and-asit-ranjan-mishra-4688034.html"/>
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* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM

* The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister..."/>
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                <strong>Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM<br /><br />* The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing<br /></em><br />Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace all existing schemes in a bid to stimulate exports and the economy.<br /><br />The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing.<br /><br />&ldquo;This will incentivise all exporters more than all the existing schemes put together. The revenue forgone is projected at upto Rs.50,000 crores,&quot; said the minister. Sitharaman also announced a fully automated electronic refund system for giving Goods and Services Tax (GST) credits to businesses on the taxes paid on raw materials.<br /><br />Sitharaman said that the existing schemes for refund of duties and taxes to exporters will continue till the end of this year. From 1 January, only the new system will be available.<br /><br />Please <a href="https://www.livemint.com/politics/policy/fm-nirmala-sitharaman-announces-rs-50-000-crore-package-to-revive-exports-1568451740101.html" title="https://www.livemint.com/politics/policy/fm-nirmala-sitharaman-announces-rs-50-000-crore-package-to-revive-exports-1568451740101.html">click here</a> to read more. <br /></div>               </font>
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</span></span></code>
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&lt;em&gt;* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM&lt;br /&gt;
&lt;br /&gt;
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&lt;/em&gt;&lt;br /&gt;
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM

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                <strong>Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra</strong></h1>
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                <strong>Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM<br /><br />* The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing<br /></em><br />Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace all existing schemes in a bid to stimulate exports and the economy.<br /><br />The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing.<br /><br />&ldquo;This will incentivise all exporters more than all the existing schemes put together. The revenue forgone is projected at upto Rs.50,000 crores,&quot; said the minister. Sitharaman also announced a fully automated electronic refund system for giving Goods and Services Tax (GST) credits to businesses on the taxes paid on raw materials.<br /><br />Sitharaman said that the existing schemes for refund of duties and taxes to exporters will continue till the end of this year. From 1 January, only the new system will be available.<br /><br />Please <a href="https://www.livemint.com/politics/policy/fm-nirmala-sitharaman-announces-rs-50-000-crore-package-to-revive-exports-1568451740101.html" title="https://www.livemint.com/politics/policy/fm-nirmala-sitharaman-announces-rs-50-000-crore-package-to-revive-exports-1568451740101.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com

* Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM

* The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing

Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace all existing schemes in a bid to stimulate exports and the economy.

The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing.

“This will incentivise all exporters more than all the existing schemes put together. The revenue forgone is projected at upto Rs.50,000 crores," said the minister. Sitharaman also announced a fully automated electronic refund system for giving Goods and Services Tax (GST) credits to businesses on the taxes paid on raw materials.

Sitharaman said that the existing schemes for refund of duties and taxes to exporters will continue till the end of this year. From 1 January, only the new system will be available.

Please click here to read more.