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Nepal to simplify cash incentives for carpet, Pashmina
02 Feb '12
1 min read
Nepal's Department of Industry is considering further simplification of value addition process to assist carpet and Pashmina industries qualify for cash incentives.
Carpet and Pashmina entrepreneurs have apprised the Department that additional standards need to be incorporated in the existing cash incentive policy, as the raw materials used by them are not consistent.
Carpet manufacturers said it is difficult to maintain bills of all inputs used by them as they use raw materials that differ in thickness and also by their types. They use a variety of raw materials like hemp, allo and silk. The manufactured carpets also vary from 60 knots to 100 knots.
Pashmina item manufacturers also said that they use various kinds of raw materials, which makes it difficult to verify their value-addition under the existing rules.
The Department of Industry will prepare a report based on its discussions with carpet and Pashmina entrepreneurs and the same will be placed before the Cabinet for the final decision.
Last month, some textile mills qualified for cash incentive of four percent after completion of verification of their value-addition process.
Carpet and Pashmina entrepreneurs have apprised the Department that additional standards need to be incorporated in the existing cash incentive policy, as the raw materials used by them are not consistent.
Carpet manufacturers said it is difficult to maintain bills of all inputs used by them as they use raw materials that differ in thickness and also by their types. They use a variety of raw materials like hemp, allo and silk. The manufactured carpets also vary from 60 knots to 100 knots.
Pashmina item manufacturers also said that they use various kinds of raw materials, which makes it difficult to verify their value-addition under the existing rules.
The Department of Industry will prepare a report based on its discussions with carpet and Pashmina entrepreneurs and the same will be placed before the Cabinet for the final decision.
Last month, some textile mills qualified for cash incentive of four percent after completion of verification of their value-addition process.
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