ENA Sectors 2023-08-08 14:48:36 <p><span style="font-size:14px"><strong>New Delhi, Aug 8 (KNN)</strong> Government think-tank NITI Aayog is examining tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles, an official said on Monday.</span></p> <p><span style="font-size:14px">The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors, the official said.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Industry representatives of leather and engineering sectors said that they have shared a list of GST (Goods and Services Tax) and inverted duty structure-related issues with the NITI Aayog.</span></p> <p><span style="font-size:14px"> We expect the government to resolve those issues as it would help in promoting manufacturing and exports from the country, an industry official said.</span></p> <p><span style="font-size:14px">As per reports, the leather sector has recommended the reinstatement of basic customs duty on the import of wet blue, crust and finished leathers.</span></p> <p><span style="font-size:14px">The leather and footwear industry employs 4.42 million people and its exports stood at USD 5.26 billion in 2022-23. Engineering exports in the last fiscal aggregated at USD 107 billion, while the outbound shipments of the textile sector were about USD 36 billion in that fiscal year. <em><strong>(KNN Bureau)</strong></em></span></p> 34377 https://knnindia.co.in/news/newsdetails/sectors/niti-aayog-to-examine-tax-related-issues-of-engineering-leather-textile-industries 2023-08-08 14:48:36 knnindia.co.in