Trade Policy

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Duty Structure : The duties determined for export/import of products from a country.

Data on MFN Applied Tariff
China
Year 2013				HS 2012
Last Update Date 20JUL2015
HS subhdg	MFN Applied Tariff								HS subheading 6-digit description
	Number of TL	Number of AV duties	Average of AV Duties	Minimum AV Duty	Maximum AV Duty	Duty Free TL (%)	Number of Non-AV Duty	List of Distinct Non-AV Duties
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
500100	2	2	6	6	6	0	0		Silkworm cocoons suitable for reeling
500200	6	6	9	9	9	0	0		Raw silk "non-thrown"
500300	5	5	9	9	9	0	0		Silk waste, incl. cocoons unsuitable for reeling, yarn waste and garnetted stock
500400	1	1	6	6	6	0	0		Silk yarn (excl. that spun from silk waste and that put up for retail sale)
500500	2	2	6	6	6	0	0		Yarn spun from silk waste (excl. that put up for retail sale)
500600	1	1	6	6	6	0	0		Silk yarn and yarn spun from silk waste, put up for retail sale; silkworm gut
500710	2	2	10	10	10	0	0		Woven fabrics of noil silk
500720	7	7	10	10	10	0	0		Woven fabrics containing >= 85% silk or schappe by weight
500790	2	2	10	10	10	0	0		Woven fabrics containing predominantly, but < 85% silk or silk waste by weight

Textile Policy: Maharashtra

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Textile Policy : These are specific policies pertaining to the textile sector defined by various states/countries for the development of textile sector.

Scheme for interest subsidy on long-term loans to textile projects / units set up in Maharashtra during 2011-17 linked with Centrally Sponsored TUF Scheme.

• 10% capital subsidy scheme will be started for NEW textile project in Vidarbha, Marathwada and North Maharashtra.
• Implementing “Gharkul” [housing] scheme, health insurance scheme, workers’ welfare scheme for power loom workers in the textile sector.

 

Trade Agreements - India

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Trade Agreements : A trade agreement (also known as trade pact) is a wide ranging tax, tariff and trade treaty that often includes investment guarantees.

RCEP
The Regional Comprehensive Economic Partnership (RCEP) is a comprehensive free trade agreement being negotiated between the 10 ASEAN Member States and ASEAN’s free trade agreement (FTA) partners viz. Australia, China, India, Japan, Korea and New Zealand. RCEP reflects the emerging trade and economic architecture globally. It should not be seen in isolation but in the context of other comprehensive FTAs that are emerging i.e. the Trans Pacific Partnership (TPP), and the newly launched Trans-Atlantic Trade and Investment Partnership (TTIP) involving the United States and the European Union. In the context of comprehensive regional trading arrangements across the globe, TPP would cover the western flank with TTIP as the central flank and RCEP as the eastern flank. Therefore RCEP is of strategic importance for India both in the context of its look East policy and the comprehensive nature of the engagement.

Issues covered:
Some of the key subjects that have been discussed in the working groups are tariff modalities in goods, listing of services and investment, elements of the RCEP chapters and possible texts thereof, intellectual property, competition, economic and technical cooperation, legal and institutional issues, customs procedures and trade facilitation, rules of origin etc.

Tariff item number	Description of goods	Base Rate	Category
5001	Silk-worm cocoons suitable for reeling.
50010000	Silk-worm cocoons suitable for reeling		X
5002	Raw silk (not thrown).
500200	Raw silk (not thrown)
50020010	Mulberry raw silk	30	B10
50020020	Mulberry dupion silk	30	B10
50020030	Non-mulberry silk	30	B10