Nepali Prime Minister, Mr. Madhav Kumar Nepal has been urged by the garment entrepreneurs to request India, during his proposed visit to New Delhi, to scrap the 4 percent special duty that the country imposes on Nepali garment exports.
This is so since; the garment exporters of Nepal have found large number of buyers in India after losing their market share in the US market.
In a meeting with Commerce Minister, Mr. Rajendra Mahato, these garment entrepreneurs demanded the government to put up the issue of scrapping 4 percent special duty.
This duty had been terminated during Nepali Prime Minister's earlier visit to India but it was re-imposed in the new budget, informed Mr. Prashant Pokhrel, President of the Garment Association of Nepal (GAN).
No customs duty is being imposed on the exports of Nepal's readymade garments to India, but a 4 percent countervailing duty and a 4 percent special duty has been imposed on it.
Fibre2fashion News Desk - India
20240830145952.gif)
20240924091343.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
