The Indian government today withdrew tax refunds on cement exports that it had allowed only yesterday. The Directorate General of Foreign Trade had Monday notified Duty Entitlement Pass Book Scheme (refund of local taxes) on cement exports.
"The amendments stand withdrawn with effect from June 2 itself," a fresh notification said.
The Commerce Ministry had lifted the 46-day old ban on cement exports on May 27. However, it had allowed shipments only through ports in Gujarat. The state accounts for 95 per cent of the total cement exports.