Home / Knowledge / News / Textiles / Indian embassy denies new CVD on Bangla apparel exports
Indian embassy denies new CVD on Bangla apparel exports
12
Mar '13
With reference to reports appearing in sections of the Bangladeshi media, this is to clarify that no new Countervailing Duty (CVD) has been imposed in the Indian Union Budget 2013-14 on Ready Made Garment (RMG) imports into India. The CVD of 12.36% which existed on RMG imports in 2012-13 continues without any change.

India has granted duty-free, quota-free access to 46 textile tariff lines of greatest sensitivity to Bangladesh which was notified on 6 September 2011. Subsequently, with effect from 9 November 2011 India granted duty-free, quota-free access to all items except tobacco and alcohol and their products to SAARC LDCs, including Bangladesh.

The above notifications provide ‘national treatment’ to exports from Bangladesh to India. In the present instance, Countervailing Duty is a Duty which is charged in lieu of Excise Duty which is payable by Indian manufacturers. Levy of CVD provides a level playing field to imported goods on par with locally manufactured products. The CVD that is already in existence is non-discriminatory and non-country specific.

It is further clarified that in respect of Indian manufacturers of Ready Made Garments, the Indian Union Budget 2013-14 has not withdrawn the Excise Duty on Branded Garments but permitted the Indian garment manufacturers to avail of either the ‘optional’ or ‘mandatory’ routes for reckoning of Excise Duty on Branded Garments that was available to them since 2004 and prior to Union Budget 2011 - 2012.

In summary, Bangladesh Ready Made Garment exporters continue to enjoy the same benefits as in the previous year, with duty-free, quota-free access for their items to India without imposition of additional Countervailing Duty over the previous year.

High Commission of India, Dhaka


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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