Home / Knowledge / News / Apparel/Garments / TEA seeks additional Customs Duty exemptions
TEA seeks additional Customs Duty exemptions
02
Mar '16
The Tirupur Exporters Association (TEA) has welcomed the Budget announcement of the exemption from payment of basic Customs Duty on import of specified fabrics (for manufacture of textile garments for export) of value equivalent to 1 per cent of FOB value of exports in the preceding financial year. But it wants the exemption to be extended to 22 more specialty fabrics.

In a letter to Union Finance Minister Arun Jaitley, TEA President Dr A Sakthivel said the potential to increase India's readymade garment (RMG) exports lies on export of synthetic garments which has a round-the-year global market and the inclusion of additional specialty fabrics in the Customs Duty exemption list will help boost the RMG sector's growth and competitiveness. These specialty fabrics are widely used by Tirupur knitwear garment exporters, Dr Sakthivel said.

Among the 22 specialty fabrics are cotton/polyester and linen blended fabric, cotton and nylon blended fabric, cotton and spandex blended fabric, cotton and polyester and lyocell and elasthane blended fabric and cotton and metalized fibre blended fabric.

Dr Sakthivel said that other than helping the growth of the RMG sector, the inclusion of these 22 specialty fabrics in the Customs Duty exemption list will also help provide more employment to workers. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
April 2017

April 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