Home / Knowledge / News / Apparel/Garments / TEA urges govt for sops till India signs FTAs with US, EU
TEA urges govt for sops till India signs FTAs with US, EU
Mar '18
TEA urges govt for sops till India signs FTAs with US, EU
The Tiruppur Exporters’ Association (TEA) has urged Indian minister of commerce and industry Suresh Prabhu to initiate steps and offer incentives to the readymade garments sector till free trade agreements (FTAs) are signed with the United States and the European Union (EU), creating a level playing field for the industry compared to competing nations.

In a letter to the minister, the association has requested him to enhance the duty drawback rate, the benefit under the Merchandise Exports from India Scheme (MEIS) and the interest subvention for export credit to 5 per cent and clear the heavy backlog of pending rebate on state levies (ROSL) payments.

The MEIS benefit now is 4 per cent of the free on board (FOB) value of exports and interest subvention for export credit is offered to the tune of 3 per cent.

TEA also requested the minister to either hold discussions with the office of the US trade representative (USTR), which has decided to challenge the legality of India’s export promotion schemes at the World Trade Organisation (WTO), or announce a scheme compatible to WTO regulations for apparel exporters. TEA feels exporters will lose global competitiveness once the schemes are done away with.

Due to the delay in ROSL payments, duty drawback and goods and services tax (GST) refund, many export units are unable to repay their dues to banks and run the risk of bad credit rating and may be declared non-performing assets (NPAs) in future, the letter said. ROSL dues have been cleared till May 2017 only.

The association also requested changes to the condition in fulfillment of obligation through a third party to boost modernisation of factories; doing away with manual GST refund claims that is both cumbersome and is leading to corrupt practices; and exempting exporters from international GST (IGST) payment while importing accessories that are cleared through export performance certificate (EPC) issued by the Apparel Export Promotion Council (AEPC) or allowing payment of IGST using MEIS duty credit scrip. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

China keen to invest in Bangla apparel, leather sectors

Apparel/Garments | On 21st Nov 2018

China keen to invest in Bangla apparel, leather sectors

Chinese investors expressed keen interest to invest in apparel,...

Armenia to resume cotton production

Textiles | On 21st Nov 2018

Armenia to resume cotton production

Armenia will soon resume cotton production with the establishment of...

Indian textile industry showing signs of recovery: CITI

Textiles | On 21st Nov 2018

Indian textile industry showing signs of recovery: CITI

The Indian textiles and apparel industry is showing signs of recovery ...

Interviews View All

Priyanka, Studio Priyanka Rajiv

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


Leave your Comments

November 2018

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

news category

Related Categories:

Advanced Search