Budget wishlist: Exporters seek clarity on slow tax refunds, key schemes

Exporters also hope the Budget will clear the confusion around the old MEIS, which has been discontinued by the government as well as the uncertainty over the awaited RoDTEP scheme

Exports have said the Budget should look at the issue of slow disbursal of tax refunds and uncertainty over major promotional schemes, blaming these issues along with currency volatility for a slowing growth.

In December, merchandise exports contracted for the fifth straight month as processed petroleum shipments saw lower receipts and a broad-based decline continued to plague all other major foreign exchange earning sectors. Shrinking by 1.8 per cent as of December, outbound trade has reduced in six of the first nine months of the fiscal year 2019-20 (FY20). 
 

“With exporters’ claim for over five months still pending, liquidity has been