Depb

Ater a disastrous 2012, things are not looking up for the commercial vehicle (CV) industry. Vinod Dasari, MD, Ashok Leyland told CNBC-TV18 that the industry will struggle for the next six months.

Buy Dr Reddys Laboratories; target Rs 1931: Dolat Capital

Dolat Capital is bullish on Dr Reddys Laboratories (DRL) and has recommended buy rating on the stock with a target price of Rs 1931 in its July 20, 2012 research report.

DEPB scheme ends today

The 14-year-old Duty Entitlement Pass Book (DEPB), the popular tax refund scheme for exporters, came to an end today.

'New drawback rates could be worked out next year'

The Finance Ministry has announced the broad contours of the new drawback scheme that will come into effect from October 1, 2011. In an interview to CNBC-TV18, Saumitra Chaudhuri, author of The Drawback Rates Report said, new drawback rates could be worked out next year.

Govt announces new drawback scheme

The new drawback scheme has been announced by the government, the finance secretary and the chairman of the Duty Entitlement Pass Book (DEPB). There are essentially three key points from the new announcement, reports CNBC-TV18's Siddharth Zarabi.

Revised DEPB: Will pass on rates to consumer, says Alok Ind

Sunil Khandelwal, chief financial officer, Alok Industries speaking to CNBC-TV18 about new duty drawback plan announced for exporters said, "We are yet to get details product wise but prima facie there is marginal reduction in the rates but that should not be of much significance."

Expect slowdown post festive season: TVS Motors

Venu Srinivasan, chairman and managing director of TVS Motor expects to see a slowdown post the festive season for the auto industry. The rising fuel costs and soaring interest rates are forcing automakers in India to revisit their ambitious growth plans.

Govt close to finalising new drawback scheme

Government sources have indicated that they are close to finalising new drawback scheme. CNBC-TV18's Siddharth Zarabi reports.

Export engine stalling, but is incentivising feasible?

The commerce secretary today reiterated fears of a slowing export situation in the nation. Given the crisis that the US and European economy riddle in, this comes as no surprise.

Govt working on new incentive scheme for exporters

In the backdrop of strong demands from exporters for retaining the incentive scheme, DEPB, Commerce and Industry Minister Anand Sharma today met Finance Minister Pranab Mukherjee.

Negative list for services to be unveiled soon: CBEC

Today, the Chairman of the Central Board of Excise and Customs (CBEC), S Dutt Majumder told CNBC-TV18 that the government could consider a negative list for services before introducing the goods and service tax (GST).

Auto part industry growth to slow down at 12-15% in FY12

Indian auto component industry is expecting a slowdown in growth to 12-15% in 2011-12 from over 34% in the previous fiscal, Automotive Component Manufacturers Association of India said today.

Continue DEPB scheme till GST is introduced: FIEO

The Federation of Indian Exports Organisation (FIEO) today said the Duty-Entitlement Passbook (DEPB) scheme should not be withdrawn till the Goods and Services Tax (GST) is implemented in the country.

On track to achieve 15% volume growth in FY12: TVS Motors

In an interview on CNBC-TV18, president-marketing of the two-wheeler major, HS Goindi said given the current market conditions, the company was confident of maintaining its volume growth target at 15% for the rest of fiscal 2012.

Exporters expect govt to retain sops amidst tough going

Exporters' body FIEO today asked its members not to panic over discontinuation of the DEPB tax neutralisation scheme after September 30, as it is working with the government to find a solution.

Exports may not sustain growth rate of 40-45%: Khullar

India's exports may not sustain the growth rate of 40-45% in the coming months due to the uncertain economic conditions in the western markets, Commerce Secretary Rahul Khullar cautioned today.

Expect Pulsar sales to spurt in Q2: Bajaj Auto

Speaking to CNBC-TV18, a jubiliant Rajiv Bajaj said operational results for Bajaj Auto were in-line with street expectations and the second quarter will see a marked improvement in sales of its 180CC bike Pulsar

Engineering exports likely to grow by 27% in FY12

India's engineering exports are likely to touch USD 76 billion in the current fiscal, an increase of about 27 per cent year-on-year, mainly due to increasing demand from new markets in Latin America.

Strong export growth likely in second quarter: FIEO

The growth trend witnessed in exports so far may continue in the second quarter as well but would not hold the same tempo in the third and fourth quarter, an industry body today said.

Bajaj Auto to hike prices if DEPB is withdrawn, says MD

In an interview with CNBC-TV18, Rajiv Bajaj, managing director of the Pune-based company said, "We sold 2.10 lakh units of motorcycles in the domestic market, which includes 81,000 units of Pulsar."

Further extension of DEPB: Com Min may approach FM again

Pitching for a longer extension of the DEPB for exporters beyond September 30, Commerce Ministry officials contend that bringing the curtains down on the scheme will involve gigantic paper work, which requires more time.

Fixing new duty drawback rates may take over 3 months

The government has started work on fixing the duty drawback rates for products, which, at the moment, subscribe to benefits under the Duty Entitlement Passbook (DEPB) Scheme.

Govt extends DEPB scheme till Sep 30

The government today extended the tax incentive scheme for exporters, DEPB, till September 30, a step which will benefit the exports sector.

DEPB scheme gets three month extension

The duty entitlement pass book (DEPB) scheme, which was set to expire on June 30 has now been given a three month extension until September and of course until a new scheme is worked out, reports CNBC-TV18’s Akanksha Sethi.

Will unload 1-2% cost hike burden to consumers: Bajaj Auto

The managing director of Bajaj Auto Rajiv Bajaj, in an interview on CNBC-TV18, expects 4-5% of the DEPB benefits to be partly covered by the drawback scheme. "While we hope the distributors will bear 2% of the additional costs, we will pass on 2% of the cost hike to the market place," says Bajaj.