The Hindu Business Line : Delhi exporters plea to restore 80HHC benefits

THE Delhi Exporters' Association (DEA) have demanded the restoration of full tax exemption on export profits under Section 80HHC of the Income Tax Act to tide over the current difficulties, which includes high transaction cost and the recent appreciation of the rupee against the US dollar.

The association has also suggested that the income tax on sale of Duty Entitlement Passbook (DEPB) licenses be waived, immediately with retrospective effect.

The DEA President, Mr S.P. Agarwal, held that thousands of tiny, small and medium exporters might soon be forced to stop their export activities, as exports are no longer profitable for them.

He even suggested that the value of a US dollar should be pegged at Rs 45 and that of Euro at Rs 55 so that exporters are sure what they are going to get from their export transactions.

More Stories on : Exports & Imports | Income Tax | Other States

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
A `great year' for Customs wing

Pharma cos in a spot as Web sites hawk drugs

AP taxmen log on to VAT network for ecompact-2020

Krishna water for twin cities

`Man-made aquifers good enough to store rainwater'

Northern Coalfields production up 4 pc

TRAI paper on FM radio seeks views on contentious issues

Tractor makers seek Govt help to ease spiralling input costs

CII sets up voters' helpline

Slowdown in apparel exports to US `worrying'

Arabal 2004 meet to focus on growth plan

Delhi exporters plea to restore 80HHC benefits

SEBI amends norms on venture capital funds

Music industry battles hard to combat piracy problem