• Linkdin

EPCH welcomes ban on handicrafts exports under D/A

04 Jul '12
1 min read

Export Promotion Council for Handicrafts (EPCH), the nodal agency for handicraft export promotion in India, has welcomed the ban on handicraft exports under Documents against Acceptance (D/A).
 
In a statement, the Council said that several exporters were facing problems as overseas buyers were denying payment for goods imported by them under one pretext or another, and this particularly happened with goods shipped under D/A. 
 
The Council observed that a number of buyers took undue advantage of the D/A facility and rejected the shipments on unacceptable grounds, thus causing the exporters to suffer heavy losses.
 
Following EPCH’s request, the Office of Director General of Foreign Trade (DGFT) and the Ministry of Commerce & Industry arrived at a decision that no exports should be allowed on basis of D/A, except where such export has a cover of bank or ECGC guarantee, or it is from a firm towards its own subsidiaries, trading companies or office-cum-warehouses.
 

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search