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Press Release No. 100 - Other

CBEC Press Release dt 22.09.2017 - Clarification on Blockage of working capital of Exporters.
  
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There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports are not based on facts. i) First of all, it may be mentioned that in respect of 66% value of exports, exporters have preferred the duty drawbac.......

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