Home / Knowledge / News / Apparel/Garments / GEA appeal to restore original duty drawback rates
GEA appeal to restore original duty drawback rates
20
Sep '10
Mr Rakesh Vaid, President, Garments Exporters Association expressed serious concern at the reduction of Duty Drawback Rates for both knitted and woven garments from September 20, 2010, as it would have adverse impact on the export potential of readymade garments.

Mr.Vaid pointed out that the reduction in the duty drawback rates would have serious adverse consequences on the profitability of exporters who are already suffering from worldwide recession, low unit value realization from highly competitive overseas markets and steep hikes in cotton, yarn and fabric prices.

Mr.Vaid further pointed out that keeping in view the present export scenario, the Garment Exporters were expecting the Government would increase the rates or at least maintain at the present level. However, the Government has completely ignored the legitimate expectations and needs of the exporters and the cost data submitted by the Apparel Industry highlighting the justification for higher drawback rates for readymade garments.

The Garments Exporters have been recommending increase in duty drawback rates by increasing the scope and coverage of Drawback Scheme. The reduction in drawback rates has therefore shocked the garment export industry. Mr.Vaid has again requested the Government to restore the duty drawback rates as there is no justification for reduction in rates, in view of sharp increase in duties announced in the last Budget proposals on most of the inputs and materials used by garment exporters.

Garments Exporters Association

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
March 2017

March 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