Home / Knowledge / News / Apparel/Garments / Centre notifies rebate of state levies on garment exports
Centre notifies rebate of state levies on garment exports
20
Aug '16
The Union ministry of textiles has notified the rebate of state levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.

The rebate shall be given under the 'Scheme for rebate of state levies on export of garments 2016'. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.

For the scheme, the amount of rebate shall be calculated using the FOB value of the garment exported.

The rates (including applicable caps) of rebate of the state levies on exports of garments manufactured in India shall be recommended by the Drawback Committee constituted by the Central government and notified by the ministry of textiles.

However, the rebate will not applicable for exports made under pre-existing Advance Authorisation Scheme. Further, the rate and rebate shall be applicable only to exporters who have constituted and Internal Complaints Committee (ICC) in pursuance of the sexual harassment of women at workplace (prevention, prohibition and redressal) Act, 2013.

Reacting to the notification, Tirupur Exporters' Association (TEA) president Dr. A Sakthivel said he was glad to note that the government has considered the long requisitions of the association to refund the state levies like electricity tax etc, fuel tax, etc.

“The rebate rate for cotton garments is 3.5 per cent, blended garments 2.65 per cent, and man-made fibre 2.65 per cent. The rebate cap is Rs 16.1, Rs 11.4 and Rs 11.6 respectively. This will increase competitiveness and helpful to enhance exports and also employment,” he said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search