UP announces duty refunds on freight charges to exporters
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Last Updated: Monday, November 02, 2009, 22:39
  
Lucknow: The Uttar Pradesh government will give duty refunds of 25 per cent of freight charges to medium industries sending their consignment from the state to gateway port, an industry department spokesman said here on Monday.

"The state government has decided to give grant on freight charges to exporters sending their goods to port through trucks. An order in this regard has been issued by the Industrial Development Department," he said.

This grant will be given at a rate of 25 per cent of the freight charges or maximum Rs 5,000 per TEU, which ever is less. An exporter will get a grant to the extent of maximum Rs 10 lakh in a financial year, he said.

Till now the grant facility was being offered only to small industries, he said.

The spokesman said that as per the order, the government has decided to give grant to exporting unit on sending goods through loose or part containers.

"This grant will be given with a condition that each consignment is countersigned by the commercial tax department before export," he said.

The spokesman said that to resolve issues related with exporting units, a five-member committee headed by district magistrate has been constituted in concerning districts.

Bureau Report


First Published: Monday, November 02, 2009, 22:39


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