‘This tax move is crippling agri-exports and jeopardizing agents’ survival’

Arun Kumar, President, Association of Multimodal Transport Operators of India (AMTOI) says, “Rent-seeking behaviour is detrimental to any economy, especially one aspiring to be the third largest globally. Imposing taxes on exports or their components undermines cash flow for the MSME-dominated freight forwarding sector, which operates on razor-thin margins of less than 2%. With an 18% GST outlay and delayed reversals, their margins are decimated. This ill-conceived levy under GST is crippling agri-exports by air and jeopardizing the freight forwarding community’s survival.