Duty refund claims touch Rs 4,800 cr; impacting exports: FIEO

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 Concerned over rising duty refund claims, exporters said it is impacting shipments & govt must clear arrears urgently. Concerned over rising duty refund claims, exporters said it is impacting shipments & govt must clear arrears urgently.
SummaryConcerned over rising duty refund claims, exporters said the govt must clear arrears urgently.

USD 2.45 billion in first six months of 2013-14. We are likely to touch exports of USD 6 billion. The mechanism has allowed to diversify India's exports to Iran," he added.

However, Indian exporters are facing challenges such as lack of shipping facility and delay in issuance of letter of credit by banks in Iran, Ahmed said.

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