Engineering Export Promotion Council Demands Faster GST Refunds for Engineering Exporters

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Engineering Export Promotion Council Demands Faster GST Refunds for Engineering Exporters

Economy
Engineering Export Promotion Council Demands Faster GST Refunds for Engineering Exporters

Engineering Export Promotion Council of India (EEPC India) demands expediting payment of GST refunds and lowering income tax for non-corporate manufacturing MSMEs in the Union Budget. The demand is raised by EEPC India, a trade and investment promotion organisation sponsored by the Ministry of Commerce & Industry.

Engineering Export Promotion Council of India (EEPC India):

Dimension Key Details
Category Trade and investment promotion for the Indian engineering sector.
Sponsoring authority Ministry of Commerce & Industry.
Role with Government of India Advisory body that contributes to Government of India policies and acts as an interface between the engineering industry and the government.
Establishment Established in 1955.
Membership Over 13,000 members; 60% are SMEs.
MSME-related functions Encourages MSMEs to raise standards at par with international best practices and authorises MSMEs to integrate their business with the global value chain.
Publications Publishes several reports/studies to make members aware of international trends and opportunities to enhance global footprint.
Recognition Regarded as the Model Export Promotion Council in India by the Ministry of Commerce and Industry.
Motto Engineering the Future.
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Q 1 / 4

With reference to EEPC India, consider the following statements:

1. It acts as an interface between the engineering industry and the government.
2. It contributes to Government of India policies as an advisory body.

Which of the statements given above are correct?