Sanjay Budhia, Chairman, CII National Committee on Exports and Imports, and Managing Director, Patton Group disclosed this in a statement that was issued here on Thursday.
The new rates which have been decreased by more than 20-30 per cent, will make it extremely difficult to export, Budhia added.
He said that in the interest of reducing the Current Account Deficit (CAD) by enhancing exports, the government should reconsider reducing the rates.
The government rationalised the duty drawback and brought more items under the scheme for tax refund to exporters to give a boost to overseas shipments.
The revised all industry rates of duty drawback, which have been notified, will come into effect from September 21.
--ANI (Posted on 19-09-2013)