https://www.taxtmi.com/news?id=20939 Discussion directed banks to increase export credit, particularly for MSMEs, and identified banking compliance issues including caution listing, third party exports, and trade with sanctioned jurisdictions. The Minister ordered Input Tax Credit (ITC) refunds to be made online for seamless, transparent refunding, and requested DGFT and Department of Revenue to consider deleting the pre import condition under advance authorisation to protect genuine exporters. Extension of the Interest Equalisation Scheme to merchant exporters was noted as supportive of MSME exports. en-us Wed, 09 Jan 2019 18:29:50 +0530 Wed, 09 Jan 2019 18:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20939 Discussion directed banks to increase export credit, particularly for MSMEs, and identified banking compliance issues including caution listing, third party exports, and trade with sanctioned jurisdictions. The Minister ordered Input Tax Credit (ITC) refunds to be made online for seamless, transparent refunding, and requested DGFT and Department of Revenue to consider deleting the pre import condition under advance authorisation to protect genuine exporters. Extension of the Interest Equalisation Scheme to merchant exporters was noted as supportive of MSME exports. News - Wed, 09 Jan 2019 18:29:50 +0530 https://www.taxtmi.com/news?id=20939