Govt denies exporters' claim of liquidity crunch

Exporters allege that getting refunds for the state component of the levy had become very difficult under DDS

Days after exporters informed the government that the goods and services tax (GST) regime had created crippling liquidity in the sector, leading to stranded shipments and foregone orders, the government says these aren’t true.
 
On Friday, the finance ministry said that the proportion of the problem was being inaccurately depicted and that it was working to soon resolve it. “There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post GST. Various figures also being discussed on the blockage of such funds, which are wild estimates.  Such media reports are