EEPC India praises the Nirvik scheme in Budget

VIJAYAWADA: The main organization of exporters said on Saturday reduce the cost of credit through the Nirvik scheme and the mechanism for remitting tariffs or taxes on the product (RoDTEP) for the reimbursement of taxes such as the electricity tariff and the VAT on petroleum products, together with the focus on the national manufacture of medical products. the devices are important features of the Union Budget .

The budget has addressed two important aspects for exporters: the Nirvik Scheme to reduce the cost of export credit and the RoDTEP scheme for non-refundable taxes, such as the electricity tax and VAT on POL products, said the president of EEPC India, Ravi Sehgal.

He said that the focus on the manufacture of medical devices through an Investment Settlement Cell is welcome, as it will improve national capacity and exports of medical devices. Access to health in product imports is welcome, but it can increase the prices of health services.

Sehgal said the emphasis on improving quality and standard at the same level as import to stop the quality of cheap and lower imports is remarkable.

Live plus The president of EEPC India said that the national logistics policy along with the export centers at the district level should boost the sector. MSMEs would win through initiatives such as e-Marketplace - unified acquisition system

In today's commercial speech, the importance of Intellectual property The rights (DPI) are immense. Also the Letter of the taxpayers in the statute would reduce the fiscal harassment. This is a big step, ”he said.

EEPC India also welcomed the measure to increase the coverage of the deposit insurance guarantee from Rs 1 lakh to Rs 5 lakh along with other financial sector reforms. However, it was not mentioned that raising the investment limit for the definition of MSMEs was disappointing, he said.

EEPC India praised the Technology Update Fund for the automotive components sector and rated the measure as timely. The same dispensation could be considered for the engineering sector. In addition, the revision in the audit limit to Rs 5 Rs of Rs 1 million for SMEs would make their lives easier, Sehgal said.