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Tax refunds on cement export revoked within a day

Tax refunds on cement export revoked within a day
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First Published: Tue, Jun 03 2008. 01 38 PM IST
Updated: Tue, Jun 03 2008. 01 38 PM IST
PTI
New Delhi: The government on 3 June withdrew tax refunds on cement exports that it had allowed only yesterday.
The Directorate General of Foreign Trade had Monday notified Duty Entitlement Pass Book Scheme (refund of local taxes) on cement exports.
“The amendments stand withdrawn with effect from 2 June itself,” a fresh notification said.
The Commerce Ministry had lifted the 46-day old ban on cement exports on 27 May. However, it had allowed shipments only through ports in Gujarat. The state accounts for 95% of the total cement exports.
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First Published: Tue, Jun 03 2008. 01 38 PM IST
More Topics: Cement | DEPB | DGFT | Exports | Economy and Politics |