Home / Knowledge / News / Apparel/Garments / TEA seeks relaxation of rules under EPCG scheme
TEA seeks relaxation of rules under EPCG scheme
06
Jun '16
The Tirupur Exporters Association (TEA) has requested Commerce and Industry Minister Nirmala Sitharaman for help in making amendments in Export Promotion Capital Goods (EPCG) Scheme in such a way that the export obligation can be fulfilled by the ultimate garment exporter through third party exports after relaxing the condition that the product manufactured by EPCG holder should be exported.

In a press issued today, TEA President Dr.A.Sakthivel said under the scheme, job working units like knitting, dyeing, calendering, compacting, printing and embroidery etc., have got affected since they are not directly exporting the garments and actually they are carrying out only intermediate process.

He highlighted that due to this condition imposed in EPCG scheme, job working units are being deprived of importing machinery under EPCG scheme. Dr Sakthivel pointed out that job working units in Tirupur cluster are the backbone for the growth of Tirupur knitwear exports.

He stressed that more than 80 per cent of the garment exporting units are in SME sector and do not have enough financial strength like corporate companies to install entire machinery.

Dr. Sakthivel expressed concern that advantages of cluster like Tirupur would be defeated and ultimately, the job working units will have to pay higher customs duty and the requirement of cost of capital will also go up. In case, if there is no relaxation given in the condition put under EPCG scheme.

The TEA president said he had already represented the matter and discussed the issue with DGFT also. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

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

Silke Brand-Kirsch
Schlegel und Partner

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

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

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search