Home / Knowledge / News / Apparel/Garments / Tirupur cheers removal of third party exports procedures
Tirupur cheers removal of third party exports procedures
11
Aug '15
Tirupur Exporters Association (TEA) president Dr. A Sakthivel has said that the withdrawal of said Trade Notice has brought cheers to job working units in Tirupur, according to a press release of the Association.

The office of the Joint Director General of Foreign Trade, Coimbatore had issued a Trade Notice No.2 by on November 25, 2014 mentioning to follow up certain procedures like a copy of agreement entered between the EPCG licence holder and ultimate exporter, a proof of having dispatch of the goods from EPCG Licence holder premises to the ultimate exporter, financial evidence of transaction through normal banking channel etc.

The TEA claimed that due to this Trade Notice, more number of job working units like knitting, printing, embroidery, raising, calendering, compacting, etc in Tirupur cluster including spinning mills had faced problems. The Tuticorin Customs was also insisting on submission of additional documents related to Third Party Exports transactions. The crux of the procedure was on proving of the link between EPCG licence holder and ultimate exporter.

Dr. Sakthivel said he took up the issue of Third Party exports with the Union Commerce Minister, Commerce Secretary and DGFT with a request to resolve the matter after considering the nature of Tirupur Cluster and job working units setup. Finally, in the DGFT meeting held on June 18, 2015 in New Delhi, it was decided to withdraw the procedures outlined in the Trade Notice No. 2 issued by JDGFT, Coimbatore. From now on, the DGFT will not call for any additional documents from the EPCG licence holder and the major ports will also insist on export obligation discharge certificate (EODC), the release said.

The TEA president cautioned the units that as third party exports procedures have been incorporated under the new Foreign Trade Policy 2015– 20 which came into effect from April 1, 2015, the EPCG licence holders should compulsory follow the procedures retrospectively from that date. (SH)

 

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Interviews View All

Nitin Bhatia
Trend Arrest

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

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search