Home / Knowledge / News / Textiles / Govt restores export tax rebate for textile & clothing sector
Govt restores export tax rebate for textile & clothing sector
Aug '08
The Ministry of Finance and State Administration of Taxation announced on July 31 a restoration of export tax rebate for textiles and clothing to 13 percent from the existing 11 percent.

The increase in tax rebate has been approved by the State Council and will come into effect from August 1, 2008.

The country had been expecting an ease in trade controls for a long time to help domestic exporters, especially those in the textile industry, who have been suffering from reduced margins due to rising yuan and higher production costs.

Besides, the export tax rebate rate on bamboo products will also be increased to 11 percent. However, the rumor of an increase in export tax rebate rate on viscose fiber to 15 percent did not materialize.

The government has in the past, cut the export tax rebate twice, in 2005 and 2006, as part of an effort to reduce a rapidly increasing trade surplus.

Fibre2fashion News Desk - China

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search