New Delhi, April 22 -- Indias apex exporters body Federation of Indian Export Organisations (FIEO) has advised exporters to engage with their US buyers to negotiate a share of tariff refunds as the United States has started accepting claims for reimbursement of now-invalidated duties from April 20.
FIEO President S C Ralhan said Indian exporters have no legal claim over these refunds, as the payments are being made exclusively to US importers, reported Business Standard.
While exporters have no legal right, those with strong relationships with their buyers may be able to secure a share, he noted.
No direct legal route for exporters
According to a report by the Global Trade Research Initiative (GTRI), Indian exporters cannot directly...