Home / Knowledge / News / Textiles / TEA welcomes removal of duty drawback rate on cotton yarn
TEA welcomes removal of duty drawback rate on cotton yarn
03
May '10
Shri.A.Sakthivel, TEA President said that with all the measures taken so far, the cotton yarn prices may come down by Rs.15/- per Kg.

Shri.Sakthivel thanked the Hon'ble Union Minister of Textiles for his continuous efforts with various measures for reduction of the cotton yarn prices in the domestic market.

Shri.Sakthivel pointed out that in the amendments made in the Finance Bill 2010, yesterday, (29th April 2010) in order to meet any future demand, the Government has decided to increase the statutory export duty on Raw Cotton to Rs.10,000/- per Metric tonne, while maintaining the effective rate of Rs.2,500/- per Metric tonne at the current level. By this enhancement, the Government could increase the export duty on cotton yarn upto Rs.10,000/- per Metric Tonne whenever need arises.

Shri.Sakthivel said as the cotton rate has not drastically come down, it is a time to implement the export duty at Rs.10,000/- per Metric Tonne so that, there will not be any attractive for cotton export and the concerned measure will straight away help to reduce the cotton prices immediately.

Shri.Sakthivel requested Thriu.Dayanidh Maran, Hon'ble Union Minister of Textiles to take up this issue and help to implement immediately which will ultimately trigger for the reduction of cotton yarn prices.

Tirupur Exporters' Association

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 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