Tea exporters seek refund of value-added tax

  • 01-August-2014
  • Tea exporters seek refund of value-added tax

Coimbatore : The South Tea Exporters Association has sought the intervention of the Tea Board to help them get the refund of value-added tax on time from the Commercial Tax Department. Association Chairman Dipak Shah said that the outstanding refund from the department has shot up to over Rs 13 crore. With exporters continuing to remit one per cent tax on sales, the refund from the department is mounting. He also said that out of the total exports of 100 million kg tea from the South, close to 70 per cent were done by the members of the association, and on payment of one per cent VAT.

Source : dailyshippingtimes.com

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