Home / Knowledge / News / Textiles / India lifts CVD imposed on Nepali Jute goods
India lifts CVD imposed on Nepali Jute goods
28
Apr '17
The countervailing duty (CVD) that was imposed on Nepali jute products exported to India has been lifted by the Indian government. The exemption of CVD is likely to enhance the export of these jute products to India substantially, thus proving beneficial for the jute sector of Nepal. The notification has been issued by the Indian Embassy in Kathmandu.

"The Government of India has abolished imposition of CVD on the Nepalese jute products," reads the notification.

The Government of Nepal had requested the Indian government to lift CVD as the Nepali jute industries was already suffering from constraints of various kinds and imposition of CVD on Nepali jute products completely halted the export of the Nepali jute products to India.

The Government of India favourably considered the request of the Government of Nepal and issued a notification to lift the duty.

"The abolition of CVD is likely to substantially enhance export of Nepalese jute products to India and thereby help the people engaged in the jute industry of Nepal," added the notification.

Indian government had imposed an excise duty of 12.5 per cent on Nepali jute yarn, fabric and jute bags. The restriction had attracted a lot of criticism from the private sector and the Government of Nepal, who believed it violated the Nepal-India Trade Treaty that offers duty-free access to Nepali jute products to India. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy: Adidas Originals

Fashion | On 19th Jul 2018

Adidas Originals launches silhouette, P.O.D. System

Adidas Originals has launched its newest silhouette, P.O.D. System,...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


July 2018

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

news category


Related Categories:

Advanced Search