Home / Knowledge / News / Apparel/Garments / 'Ease of doing business' will boost garment exports: AEPC
'Ease of doing business' will boost garment exports: AEPC
17
Mar '15
The recent decision of the government to reduce the mandatory documents required for export and import to three each has been hailed by the Apparel Export Promotion Council (AEPC).
 
In a statement, AEPC chairman Viernder Uppal said, “This is a step which was need of time and industry was awaiting these simplifications of ease of doing business from long time. We have been pinning these issues in our list of demands. I am sure that this step of the government will go a long way in boosting the exports, reduce the transaction cost and time and also ensure competitiveness for our (garment) industry.”
 
“With an improved economic outlook, India has pitched for ease of doing business which marks huge improvement over the earlier setting. All exporters cutting across sectors will benefit from this move,” he added.
 
Through its notification dated 12 March, 2015, the directorate general of foreign trade (DGFT), ministry of commerce and industry, reduced the number of mandatory documents for import/export to three with effect from 1 April, 2015.
 
According to the notification, the mandatory documents required for export of goods from India are: Bill of Lading/Airway Bill, Commercial Invoice cum Packing List, and Shipping Bill/Bill of Export.
 
Likewise, the mandatory documents required for import of goods into India are: Bill of Lading/Airway Bill, Commercial Invoice cum Packing List (separate Commercial Invoice and Packing List would also be accepted), and Bill of Entry.
 
As per the DGFT’s notification, one document required by RBI (Foreign Exchange Control Forms - SDF for exports and A-1 for imports) and one document required by ministry of shipping (Terminal Handling Receipt) earlier, have now been dispensed with from beginning of financially year 2015-16.
 
Uppal said that AEPC has asked for simplification in Standard Input Output Norms (SION) and removal of mention of style number on advance licence, which are finalised by SION committee for the garment export sector.
 
“Hope the foreign trade policy announcement will address these issues for the industry to unleash its true potential,” said Uppal. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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