Business Standard

Trade resents losses due to government's faults

It is now for the industry associations to agitate the matter before the government

Image via Shutterstock
Premium

Image via Shutterstock

TNC Rajagopalan

Listen to This Article

Every now and then, the government makes some mistakes and their consequences are borne by businesses through unnecessary losses. Now, some voices are rising in a protest demanding accountability and compensation.

The Customs department introduced the system of duty payment through electronic cash ledger from the beginning of this month. The system did not work properly with the result that the importers could not clear their goods. After a week, the Customs restored the facility of granting manual out of charge order, duty payment through other modes, as earlier, and waiver of interest for late payment of Customs duty.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in