Home / Knowledge / News / Textiles / Handicraft sector hails import duty exemption on tools
Handicraft sector hails import duty exemption on tools
22
Mar '11
Applauding the government's move of waiving import duty on handicraft tools, the handicraft exporters said that, the move would aid them produce products with better designs, and thereby to raise their competitiveness in the world market.

A recent statement from the Export Promotion Council for Handicrafts (EPCH) stated that, the move allows exporters to import handicraft tools free of duty to the extent of five percent (freight on board) of the total worth of the handicrafts items meant for exports during the previous fiscal year.

The decision was announced in the 2011-12 Budget.

EPCH stated that, the move would help the handicraft producers to produce goods with better designs and craftsmanship, and would help the handicraft exporters to considerably boost their exports.

Handicraft tools like tool bits for motoriser, glue applicator, air and electric operated screw driver with hose and couplings and air operated guns are all included in the list of items which have been exempted from import duty imposition.

However, the exporters have sought of the government to extend the exemption to few more tools.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

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

Mark Paterson
Technical Absorbents Ltd

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

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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:
June 2017

June 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