Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: form 3cd :: articles on VAT and GST in India :: empanelment :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment
News Headlines »
 7 Tax-saving investments for the risk averse
 5 Tax tasks you should complete before March 31
 March 31 deadline nears: Check out these last-minute tax-saving investment options
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31

Tax bitterest pill for exporters
January, 25th 2007

Pharma, textiles, leather, metals & ores and engineering goods are among the sectors where exports are most affected by the incidence of high transaction costs, poor infrastructure and various cess and levies imposed by the government. According to a study commissioned by the department of commerce, aggregate impact of fiscals, inadequate infrastructure and complicated procedures was a high 13.24% of the total value of exports.

The study by Assocham noted the impact of transaction costs was the most on exporters who import more. High transaction costs for imports impacted the cost of manufacturing of exports that are import-intensive. The government should check the procedure of transaction costs in trade, in imports and exports, the study suggested. In short, price competitiveness is lower in case of items which are import-intensive.

Overall, cess and levies impacted exporters the most out of the three key components of export process, with incidence of around 5.22% of the f.o.b. value of exports. Infrastructural problems came next, impacting the exporters an average of 4.3% of export value. Export procedures affected exporters to the tune of 3.72% of the f.o.b. value.

In the metals & ores sector, incidence as a percentage of the f.o.b. value of exports was 19.39% with fiscals accounting for 7.79%, poor infrastructure for 7% and procedures for 4.6%.

Second in line was pharmaceuticals exports, where the total impact was 17.1% of the f.o.b. value with fiscals accounting for 6.84%, infrastructure for 5% and procedures for 5.26%.

Incidence on the leather sector was 17.06% of the export value with fiscals accounting for 5.30%, infrastructure for 5% and procedures for 6.73%, says the Assocham study which was submitted to the department of commerce recently. In textiles, the combined impact accumulated to 16.54% of the f.o.b. value of exports with fiscals accounting for 5.85%, infrastructure for 5% and procedures for 5.69%.

For auto exports, aggregate incidence totalled 16.42% of the f.o.b. value with fiscals accounting for 7.76%, infrastructure for 5% and procedures for 4.16%. Average impact on engineering sector totalled 14.38%, of the f.o.b. value of exports with fiscals accounting for 5.08%, infrastructure for 5% and procedures for 4.3%.

The incidence of the three factors was relatively lower for the agro sector at 10.16%, IT hardware sector at 7.03% and gems & jewellery sector at 3.3%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions