Financial Daily from THE HINDU group of publications
Monday, Jan 21, 2002

Port Info

Group Sites

Info-Tech - Taxation
Industry & Economy - Industry Associations

DEPB scheme must continue: ESC

Our Bureau

NEW DELHI: The Government should continue with the Duty Entitlement Pass Book (DEPB) Scheme as it has helped achieving quantum jump in exports, particularly of electronics goods, the Electronics and Computer Software Export Promotion Council (ESC) has said.

"Withdrawal of popular schemes such as DEPB on the basis that such schemes including income tax exemptions are not compatible with the WTO, is certainly going to affect exports," said Mr D.K. Sareen, Executive Director of ESC.

He said in a statement here that the DEPB scheme could be defined in such a way that it became WTO-compatible by including all types of indirect taxes incurred by the exporter.

In its pre-Budget memorandum, ESC has also urged the Government to make the EPCG scheme more attractive to promote exports.

Send this article to Friends by E-Mail

Stories in this Section
TN to target specific IT sectors in new policy

DEPB scheme must continue: ESC
Post-connection services -- Maptech is VSNL agent for Chennai
Pvt basic operators oppose Bharti move on STD pact
HP India eyeing upmarket areas
Kshema plans software testing, validation services
IT majors witness rise in offshore business
Kaashyap Radiant to buy Shriram EPC units
Protocol Tele's US buy in final stages
i-labs siblings bearing fruit
Odyssey Tech preferential issue
Eonour bags 2 Hyundai orders
Ocimum opens second US office
E-mail through local phone service
Looking Back

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line