Saturday, December 15, 2007

Custom & tax sops for Leather, H a n d i c r a f t s and Textile Exporters

Exporters tax Relief

  • Customs on intermediates for PSF & PFY cut from 7.5% to 5% and on paraxy lene (a raw material for PTA) from 2% to nil.
  • Storage and warehousing services, specialized cleaning services (fumigation & disinfection) and business exhibition exempt from service tax.
  • Additional interest subsidy of 2% for exporters of leather, handicraft, marine products and all categories of textiles, excluding man made fibre, for pre-shipment and post shipment credit.

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