Govt extends sops, confident of $200 Billion exports
Tuesday, 24 August 2010, 07:45 IST
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New Delhi:The government today extended sops worth $200 billion crore to exporters, particularly for the labour-intensive textile, handicrafts and leather sectors, to help them see through the fragile economic recovery globally. "We are not yet out of the woods," Commerce and Industry Minister Anand Sharma said while extending the schemes like DEPB, under which taxes are reimbursed to exporters, subsidised interest and sops for import of capital goods. Releasing the annual supplement to the Foreign Trade Policy 2009-14, he said the revenue implication of these measures would be $200 billion. The government made it clear that the popular Duty Entitlement Pass Book (DEPB) scheme, which has been in vogue for over a decade, is being extended for the last time.
Source: PTI
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