India’s FIEO welcomes GST Council reforms to ease exporter liquidity

The Federation of Indian Export Organisations (FIEO) has hailed the GST Council’s landmark decisions aimed at easing liquidity pressures and accelerating refunds for exporters.

FIEO has welcomed the GST Council’s reforms to ease liquidity and speed up refunds.
President SC Ralhan said seven-day refunds and provisional relief for sectors like textiles, pharma, and chemicals will reduce capital blockages.
Allowing refunds below ₹1,000 (~$11.35) will aid small exporters.
The measures will boost exports, support domestic demand, and strengthen India’s trade resilience.

“The Council’s approval to release export refunds within seven days based on risk analysis, along with provisional refunds under the inverted duty structure for sectors such as textiles, pharma, chemicals, and fertilisers, is a very welcome move. These reforms will go a long way in reducing working capital blockages and providing timely relief to our exporters,” said SC Ralhan, president of FIEO.

The measures will strengthen India’s export sector while boosting domestic demand by easing supply-chain stress. “A robust export ecosystem inevitably supports domestic manufacturing and consumption. These steps will create a positive multiplier effect across the economy, benefitting both industry and consumers,” Ralhan noted, assuring that industry will pass on cost benefits to consumers.

“Exporters are committed to playing their role in supporting the domestic economy and consumers, while continuing to enhance India’s global competitiveness,” he said in a release.

Allowing refunds below ₹1,000 (~$11.35) is expected to greatly benefit small and e-commerce exporters. FIEO lauded the Council’s responsiveness to industry concerns, expressing confidence that the reforms will enhance India’s trade resilience amid global uncertainties.

Fibre2Fashion News Desk (HU)