Home / Knowledge / News / Textiles / Zimbabwe govt announces rebate for textile sector
Zimbabwe govt announces rebate for textile sector
14
Feb '13
In a bid to aid the local textile industry facing fierce competition from low-cost imports, the Zimbabwean Government has approved a one-year rebate on import of a wide range of materials that domestic garment producers widely use as raw materials.
 
Under the rebate, which would apply retrospectively from January 1, 2013 and would end on December 31, 2013, a certain amount of money would be reimbursed in the form of reduction, refund or return on the actual amount paid or contributed.
 
To qualify for the rebate the applicant should necessarily be registered with the national employment council and should be a member of a clothing manufacturers association, the Ministry of Finance said.
 
Materials that qualify for rebate include cotton sewing thread, plain weave weighing over 100 gm per sq m, denim, sewing thread of man-made staple fibres, woven fabrics of polyester staple fibres, tulles, chenille fabrics, cotton sewing thread incorporating 85 percent or more of cotton in its weight and other net fabrics.
 
Shoulder pads, snap fasteners, press fasteners and press-studs are some other materials that would also be eligible for the rebate.
 
On receiving an application seeking rebate, an official would carry out an investigation of the applicant’s premises and machinery and present a report of his findings for the Commissioner’s consideration, the Ministry said.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search