Home / Knowledge / News / Textiles / DFTPS to cover 94% of India's total tariff lines
DFTPS to cover 94% of India's total tariff lines
01
May '08
On the occasion of the First Indo – Africa Forum Summit in New Delhi on 8th April 2008,- Prime Minister announced a Duty Free Tariff Preference Scheme for Least Developed Countries (LDCs).

India will unilaterally provide preferential market access to exports from all the 50 least developed countries, 34 of which are in Africa. The scheme will cover 94% of India's total tariff lines.

Specifically, it will provide preferential market access on tariff lines that comprise 95.5% of global exports of all Least Developed Countries.

Presently under the Global system of Trade Preference, India offers import duty concessions on cotton yarn and Abaca Fibre (30% and 10% concession on normal duty respectively) to 51 LDC's/developing countries.

The relief derived by the textile industry on account of the above will be known after the measures are formalised.

(i) The value of import of Raw Cotton from African countries was US$.87.96 million in 2004-05 and US$ 11.22 million in 2005-06.

(ii) The value of import of Ready-made Garments was US$ 0.36 million in 2004-05 and US$ 0.24 million in 2005-06.

(iii) The value of Indian textiles exports to African countries was US$ 623.71 million in 2004-05 and US$ 583.15 million 2005-06.

This information was given by the Minister of State for Textiles, Shri E.V.K.S Elangovan in a written reply in the Rajya Sahba.

Press Information Bureau Government of India


Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Sunil Rathore
Lacoste India

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

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eric Scholler
Groz-Beckert

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

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

Aditi Somani
Aditi Somani

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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