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Duty structure of polyester chain under review
14
Dec '09
In line with the directives announced in the Textile Policy 2009-2014, the National Tariff Commission (NTC) has initiated an investigation to review the duty structure of the polyester value chain in the country.

The commission will follow a due process where, it shall carry out an in-depth examination of the case of protection to indigenous industry and also conduct comprehensive analysis of the relevant data.

The textile minister while announcing the textile policy had said that, to promote utilization of man-made fibre and diversify the export mix, monetization of customs duty of PTA is being continued to offset additional cost for the users for the current year.

Fibre2fashion News Desk - India

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