Single Window Clearance to Spur Exports

Published: 26th September 2014 06:00 AM  |   Last Updated: 26th September 2014 06:00 AM   |  A+A-

PUDUCHERRY: The Central Excise and Customs will take a lead in establishing single-window clearances with 14 agencies for export clearances, as part of an effort to facilitate industrial growth through exports, said U Niranjan, Central Excise and Service Tax Commissionerate, Puducherry.

Addressing a programme on industrial development organised by the Confederation of Indian Industries (CII)-Puducherry on Thursday, Niranjan said the  drop  in tax revenue by 27 per cent in five months from April to August, plummeting from `240 crore last year to `156 crore in the current year in  the same period shows the slump in industrial growth.

A proper industrial climate was necessary or fresh investments would not come, he said adding that there was a need to root out red tapism and work towards liberationisation of tax laws.

 Further efforts to reduce tax litigations are also being taken.

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