Tribune News Service
New Delhi, December 2
Engineering exporters have said procedural bottlenecks in India are still hampering external trade. Giving examples at the Board of Trade meeting chaired by Commerce and Industry Minister Piyush Goel on Wednesday, exporters from the Engineering and Export Council of India said the availability of steel was getting affected because of staff shortage in BIS.
In case of the draft Merchant Shipping Bill, 2020, no proper framework under the law has been established. In its absence, there is a pressing need for a multi-Ministry institutionalised forum to take up issues impacting movements in cargo handling, freight and other procedural bottlenecks on a regular and formal basis, EEPC India chairman Mahesh Desai said at the BoT meeting.
Exporters are facing “immense working capital blockage problems” due to Rule 96(10) of the CGST which bars exporters from making transactions in a specific manner.