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The tax refund benefit on cotton and cotton yarn had been withdrawn by the Government in April 2010.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

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search