Home / Knowledge / News / Textiles / Cotton export levy to rein in rising prices
Cotton export levy to rein in rising prices
16
Apr '10
The Government of India anticipates that, duty imposition of Rs 2,500 per ton on the export of raw cotton will control growing prices of raw cotton in domestic market. This decision was taken in a meeting, chaired by Finance Minister Mr. Pranab Mukherjee, last week and will be imposed for a period of six months.

Owing to the abrupt growth in cotton fibre prices, the domestic and export, textile and apparel sector as been pitching for restrictions on cotton export. The Apparel Export Promotion Council (AEPC) has appreciated the steps taken, in this direction, by the Textile Minister Mr. Dayanidhi Maran.

Suspension of 7.5 percent duty concession on cotton yarn exports under the Duty Entitlement Pass Book (DEPB) scheme will reduce fabric prices to their realistic levels, said AEPC.

It added by saying that, moreover, the government has also imposed a 3 percent duty on export of cotton waste, put restrictions on exports of cotton yarn, by making it mandatory to register with the Textile Commissioners Office in Mumbai.

The textile ministry has also taken a decision to maintain a carry-forward stock of about 5 million bales of raw cotton at the beginning of the next cotton season starting in October 2010.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Shawn Honeycutt
Bolger & O'Hearn

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Lynda Kelly
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

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

Rupa Sood and Sharan Apparao
Nayaab

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

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

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
February 2017

February 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