×
250
Fashion Jobs
RELIANCE INDUSTRIES LTD
Sales Officer - Saree Specialist - Chennai t.Nagar
Permanent · CHENNAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HYDERABAD
SPACE CONSULTANTS
Manager-Sales&Marketing
Permanent · Bhiwani
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · PANCHKULA
GENIUS CONSULTANTS LIMITED
HR Executive(Female)@Leading Hosiery Manufacturing Company in Agarpara
Permanent · KOLKATA
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU

Iran shipment issues trouble Indian handicraft exporters

By
Fibre2Fashion
Published
today Oct 10, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Representatives from India’s Export Promotion Council for Handicrafts (EPCH) met the country’s commerce secretary Anup Wadhawan recently to discuss issues faced by exporters to Iran, especially due to due to sanctions imposed by the United States. The problems include difficulties in claiming duty drawback and goods and services tax (GST) refund.



According to EPCH executive director Rakesh Kumar, banks are refusing to accept shipping documents presented by exporters shipping to Iran for clearance of GR form to the Reserve Bank of India (RBI) and as a result, no bank realisation certificates (BRC) are being issued to exporters.

Without BRC, exporters are unable to claim benefits like Merchandise Exports from India Scheme (MEIS), duty drawback and GST refund, a news agency report quoted Kumar as saying.

For exports to Iran earlier, all payments were received in Euro from third party and credited in the exporters’ accounts by their bank branches but the bank branches in Moradabad are refusing to issue electronic BRCs despite RBI having no objection, said Kumar.

Exports to Iran are also allowed in Indian rupee (INR) but only UCO bank in Delhi has been authorised to open INR account for which exporters from Moradabad have come to Delhi to open the account, he said, adding that the commerce secretary has assured to take up the matter with RBI and the finance ministry.

Handicrafts exports to Iran stood at $48.10 million during 2017-18.

Copyright © 2020 Fibre2Fashion. All rights reserved.