New Delhi, Jan. 24 -- The Engineering Export Promotion Council of India (EEPC) has called on the government to roll out targeted tax relief for non-corporate manufacturing MSMEs in the upcoming Union Budget, including lower income tax rates and quicker GST refund release.

The council has suggested reducing the income tax rate for all non-corporate manufacturing MSMEs from 33 percent to 25 percent to ease financial stress and improve competitiveness.

It also urged the government to ensure the prompt release of 90 percent of GST refunds to boost liquidity and cash flows in the sector.

Support for Engineering Exports

Highlighting the concerns of engineering exporters, EEPC Chairman Pankaj Chadha said focused tax reforms and supportive po...