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Tax refunds on cement export revoked within a day

June 03, 2008 13:27 IST
Source:PTI

The government on Tuesday withdrew tax refunds on cement exports that it had allowed only on Monday.

The Directorate General of Foreign Trade on Monday notified Duty Entitlement Pass Book Scheme (refund of local taxes) on cement exports.

"The amendments stand withdrawn with effect from June 2 itself," a fresh notification said.

The commerce ministry had lifted the 46-day old ban on cement exports on May 27. However, it had allowed shipments only through ports in Gujarat. The state accounts for 95 per cent of the total cement exports.

Source: PTI
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