Home / Knowledge / News / Textiles / Govt restores DEPB scheme on cotton & yarn exports
Govt restores DEPB scheme on cotton & yarn exports
Aug '11
The Union Government has notified the restoration of incentives on exports of cotton and cotton yarn. The Duty Entitlement Pass Book (DEPB) scheme on cotton has been put into effect on a retrospective basis from October 2010, while on cotton yarn from April 2011, according to Directorate General of Foreign Trade (DGFT).

Commerce and Industry Minister Anand Sharma, who also holds additional charge of the Textiles Ministry, said the decision was arrived at after the Government undertook a composite review of the cotton and cotton yarn industry in the country during the past few days.

The tax refund benefit on cotton and cotton yarn had been withdrawn by the Government in April 2010.

Last week, the Government lifted the export ban on cotton and has put it under Open General License (OGL). Cotton yarn was already under OGL for exports since April 2011. The DEPB is now restored after the removal of export restrictions, following a sharp fall in domestic and international prices of both cotton and cotton yarn.

Export tax was imposed on cotton due to a sharp rise in prices in January this year, but the prices started declining by end of March and decreased sharply in both local and international markets.

Cotton output in the current season is expected to surpass 32.5 million bales (1 bale = 170 kg). On account of high inventories, domestic consumption of cotton has also been revised for this season and lowered to 23.6 million bales, as against earlier estimate of 26.5 million bales.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kevin Nelson

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

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

Madhu Jain
Madhu Jain

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

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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