Home / Knowledge / News / Apparel/Garments / AEPC wants revision of duty drawback rates for garments
AEPC wants revision of duty drawback rates for garments
18
Sep '14
The Apparel Export Promotion Council (AEPC) has been constantly seeking an upward revision of duty drawback rates for garments for the past few months.
 
In view of a proposal of duty drawback rate for 2014-15 expected to be submitted to the Indian Government next month, AEPC presented the data on domestic consumption and export of apparels to the Duty Draw Back Committee.
 
The present duty drawback rate for cotton garments, garments made from blended yarn and man-made fibres is 7.6 percent. AEPC delegation suggested that these rates be increased by another three to four percent, as there is an increase in price of dyes and chemicals.
 
The upward revision of duty drawback rates would help the Indian apparel sector to better compete in the international market, AEPC said.
 
India’s apparel exports during April-May 2014-15 posted impressive 20 percent growth with US$ 2.81 billion, compared to the same period of previous financial year. During the period April-May 2013-14, India’s apparel exports were to the tune of US$ 2.35 billion.
 
AEPC had earlier urged the Government of India to expedite conclusion of the India-EU FTA, as it has a huge potential to boost exports. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search