Home / Knowledge / News / Textiles / Textile & garment sector to benefit from new export policy
Textile & garment sector to benefit from new export policy
Mar '11
The Ministry of Finance (MOF) made an announcement to the effect that, March 30, 2011 onwards the exporters would be entitled to permanent tax rebates in respect of their goods. The decision, amongst others, is looked upon to greatly benefit the textile, garment and many other industries.

With this decision, the tax-rebate system would be extended for all the exported items. The system was resumed on March 30, 2009 to aid the exporters to better survive the effects of the global economic slump.

Earlier in August 1983, it was decided to exclude the claims where the rebate amount was less than one percent of the FOB (free on board) prices of exported products, in view of the high administrative cost.

However, pursuant to the new provisions, March 30, 2011 onwards all the exporters would be entitled to rebates on their exports, irrespective of their value or share in the FOB prices of the items exported.

The move though would benefit the export of high-valued items, but the industries exporting goods produced while using low-cost import components and parts, like textiles and garments would be the biggest beneficiaries.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search