Exporters

Commerce ministry creates online platform for issuance of 'certificate of origin' for exporters

The commerce ministry has designed an online platform for the issuance of a key document required for exports to those countries with which India has trade agreements, with a view to facilitate shipments during the COVID-19 crisis

Apparel exporters seek Narendra Modi's intervention for stimulus package; say overseas buyers cancelling orders

He said that about 70 percent of the apparel units are in the MSME sector and it is imperative to note that the member-exporters strictly comply with national and international norms.

RBI announces more measures to deal with economic fallout of coronavirus outbreak

The Reserve Bank of India (RBI) on Wednesday announced more measures, including the extension of the period for realisation and repatriation of export proceeds, to deal with the economic fallout of the Covid-19 pandemic

CBIC asks DGFT to tighten accreditation process of star exporters for curbing tax fraud

The Central Board of Indirect Taxes and Customs (CBIC) has asked the Directorate General of Foreign Trade to make the accreditation system for star exporters more robust to curb tax fraud

Simplifying procedures, funds at competitive rates to help exporters: Piyush Goyal

The government is looking at simplifying procedures and making available funds at competitive rates to exporters with a view to boost the country's shipments, Commerce and Industry Minister Piyush Goyal said on Wednesday

Govt identifies 5,106 'risky exporters' who fraudulently claimed GST refunds based on bogus invoices

The government on Thursday said it has identified 5,106 "risky exporters" so far who have claimed GST refunds based on bogus invoices, and would manually check their claims before issuing refunds

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny

Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.

Rupee rises 5 paise at 69.62 on some dollar selling by banks, exporters amid crude oil concerns

Some dollar buying by exporters, however, helped the rupee recover its lost ground at the fag-end. The domestic currency finally settled at 69.62, up by 5 paise over its previous close.

Rupee rises 15 paise to 68.81 in opening trade on fresh selling of greenback by exporters

At the Interbank forex market, the rupee opened higher at 68.88 and strengthened further to 68.81 against the US dollar, higher by 15 paise over its previous close.

Rupee opens marginally higher in early trade on weak dollar, higher opening of domestic equity market

Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.