Single window system for VAT refunds for Delhi exporters.

NEW DELHI: Exporters in Delhi will no more have to rush from one department to another for refund of the value added tax (VAT). The Delhi government Thursday started a single window service to speed up the process of payment of VAT refunds to the exporters.

"Export promotion has been an important effort of the government at all levels. As exports are free from any tax liability, exporters become entitled for refund of VAT paid on all such purchases before export out of India," said Delhi Finance Minister AK Walia.

Inaugurating the first of its kind Export-Import Cell in the department of trade and taxes, he said a separate cell for exports-import has been created to speed up the process of payment of VAT refunds to the exporters and this would help in making their products more price competitive.

The Cell would also deal with imports.

"It has been observed that wide variety of consumer items are being imported into Delhi and a major part of these items are sold here. There is a need for exercising utmost scrutiny of these imports from the viewpoint of realisation of VAT on their sale in Delhi," he added.

Source : economictimes.indiatimes.com