Home / Knowledge / News / Apparel/Garments / Do away with taxes on zero duty clothing exports, FBCCI urges India
Do away with taxes on zero duty clothing exports, FBCCI urges India
21
Jul '09
Mr Annisul Huq, President, FBCCI
Mr Annisul Huq, President, FBCCI
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has requested the Government of India to remove certain taxes like the Value Added Tax imposed on duty free garment exports.

Under a MoU signed between India and Bangladesh under the South Asian Free Trade Agreement (SAFTA) in 2007, Bangladesh can export eight million pieces of clothing to India, duty free.

The President of FBCCI, Mr Annisul Huq said though exports of garments to India were attracting zero duty, the additional taxes like VAT, educational cess, etc were hampering the spirit of free trade.

He added by saying that though there was a provision to export eight million pieces of garments under the treaty, but since they attracted taxes amounting to nearly 18 percent, the volume of exports was very small.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

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

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:
June 2017

June 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