GEA expects relief to export sector from Union Budget

15 Feb '11

4 min read

• The Government should arrange refund of State Levies on exports, amounting to 6% of f.o.b. value.

• To allow duty free import of Tailor Dummy with HS Code No.9618 0000 and Security Tag /Fish Hard Tag with HS Code No. 85437019.

• To treat the exporters who export 100% of their product irrespective of their location at par with 100% EOU's.

• Market Focus Product Scheme should be extended for exports to USA and EU-27 countries for atleast one more year.

• To introduce labour reforms with flexible labour laws as obsolete and antiquated labour legislation has hindered the growth of labour intensive and export oriented garment industry.

• To treat the garment sector as a priority sector because of its large employment capacities providing opportunities particularly to women and weaker sections of the society.

Apart from taxation relief, Mr Vaid has stressed the need to reduce the transaction cost by simplifying administrative procedures by avoiding delays at customs clearance of goods and improving loading and unloading of cargo and infrastructure at ports. Mr Vaid has also requested the Government to accept and implement the recommendations of Task Force on Transaction Cost in exports, which has made several recommendations to reduce the transaction cost to enhance the export competitiveness.

Garments Exporters Association - GEA

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