News
India’s goods and services tax leaves exporters fuming
- Date:
- January 15, 2018
- Source:
- Financial Times
An intoxicating clash of smells pervades the Crystal Tea factory in Coimbatore, as bustling workers and clanging machines package blends for customers from Italy to New Zealand. Amid such colourful scenes, however, India’s celebrated tea export sector is staggering under the impact of the new tax regime introduced across the country last summer. Like other exports, overseas tea sales are exempt un…