Home / Knowledge / News / Apparel/Garments / Waive off hidden taxes in duty-free RMG exports - MoC
Waive off hidden taxes in duty-free RMG exports - MoC
08
Dec '09
In a case of imposing higher hidden taxes on the shipment of eight million RMG items to India under duty-free facility, the Commerce Ministry of Bangladesh wants elucidation from Delhi, said an official.

Further he lamented that these higher hidden taxes curbed the country from availing benefits of exporting apparel items, which actually were meant to provide duty-free facility under the South Asia Free Trade Agreement (SAFTA) framework.

These hidden taxes add to more than 18 percent, and in this regard the Ministry expects Delhi to give a reply before Bangladesh Prime Minister's visit to India, which is commencing from December 19, said the official.

In a bid to increase trade relations and trade volumes between the two countries, Bangladesh will ask India to increase the duty-free quota and remove non-tariff and para-tariff barriers, during PM's visit to India, he informed.

Whereas, he said that complete duty waiver on Bangladeshi RMG exports to India can not be expected, since both the countries produce nearly similar sought of apparel items.

He informed that the clarification has been requested, as the Ministry believes that imposing such taxes is illogical and the country is entitled to the duty-free benefit.

In this regard, a letter has been sent by the Ministry after a complaint lodged by Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

As member companies of the association were going through difficulties while exporting products under duty-free quota, the association lodged the complaint.

Though the country has signed an agreement with India in September 2007 to export eight million pieces of garment items per year under duty-free facility, it could dispatch just 40 percent of the said volume in the first nine months of the current year, informed BGMEA President.

BGMEA members enjoy 70 percent share of the total quota, while the remaining 30 percent share goes to the members of Bangladesh Knitwear Manufacturers and Exporters Association.

Fibre2fashion News Desk - India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sunil Rathore
Lacoste India

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

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

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search