https://www.taxtmi.com/news?id=18227 A Mid-Term Review of the Foreign Trade Policy was expedited to align FTP with GST; inter-departmental officers from Commerce, Revenue and DGFT were directed to examine GST-related issues raised by exporters. Industry welcomed GST but flagged operational problems, principally working capital being tied up because IGST is refunded rather than exempted on imports for export production. Departments engaged with stakeholders, reviewed export promotion measures, and sought to address exporters' suggestions through continued consultation. en-us Tue, 20 Jun 2017 18:33:11 +0530 Tue, 20 Jun 2017 18:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18227 A Mid-Term Review of the Foreign Trade Policy was expedited to align FTP with GST; inter-departmental officers from Commerce, Revenue and DGFT were directed to examine GST-related issues raised by exporters. Industry welcomed GST but flagged operational problems, principally working capital being tied up because IGST is refunded rather than exempted on imports for export production. Departments engaged with stakeholders, reviewed export promotion measures, and sought to address exporters' suggestions through continued consultation. News - Tue, 20 Jun 2017 18:33:11 +0530 https://www.taxtmi.com/news?id=18227