>>
Home / Knowledge / News / Textiles / Govt increases duty drawback rates for textile items

Govt increases duty drawback rates for textile items

07
Dec '18
Courtesy: Mary Whitney from Pexels
Courtesy: Mary Whitney from Pexels
The Indian government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items. The announcement made through ministry of finance’s Notification No. 95/2018-CUSTOMS (N.T.) shall come into force from December 19, 2018.

The duty drawback has been increased from 1.2 per cent to 1.7 per cent for cotton yarn, from 1.3 per cent to 1.6 per cent for cotton fabric, and from 2 per cent to 2.6 per cent for made-ups.

The ministry of commerce and industry periodically reviews the duty drawback rates by mandating the Duty Drawback Committee and revises the rates so that all the central taxes are refunded so as to avoid export of taxes and have a level playing field in the global market.

“Consequent to the significant changes made in the tax structure after the implementation of GST, the textiles and clothing industry has been demanding the government to announce enhanced the duty drawback rates,” P Nataraj, chairman, The Southern India Mills Association (SIMA), said in a press release.

“The increase (in duty drawback rates) would help the exporters to improve their competitiveness especially in the countries with which India has preferential tariff agreements (PTAs). The removal of value cap on most of the items, which has been discouraging value addition, is another welcome feature of the announcement,” Nataraj added.

On marginal decrease in the duty drawback rates of apparel items, Nataraj said that considering the continuous fall in garment exports, the industry was hoping for increase in drawback rates. “The government could have at least continued the existing rates of duty drawback to sustain the existing level of garment exports. The reduction in drawback rates on garments might have negative impact on exports.”

He appealed the government to at least retain the existing rates, and added that it is essential to refund the embedded/blocked taxes and also the inverted duty to further improve the competitiveness of the country’s textile and clothing sector. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: 123rf.com

Apparel/Garments | On 27th Jun 2022

China topples US in apparel retail market size during COVID-19

China displaced the US to gain top position in terms of apparel...

Pic: Shutterstock

Textiles | On 27th Jun 2022

Eurozone growth slows sharply to 16-month low in June: S&P Global

Eurozone economic growth deteriorated sharply to a 16- month low in...

Pic: ESW

E-commerce | On 27th Jun 2022

Ireland’s ESW completes acquisition of e-commerce solution Scalefast

ESW, a global direct-to-consumer (DTC) e-commerce company, has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Aditya Agrawal,

Aditya Agrawal

<div style="text-align: justify;"><font face="Calibri,...

Meghna Kishore & Barkha Bhatnagar Das,

Meghna Kishore & Barkha Bhatnagar Das

Being conscious of living mindfully themselves, two sisters embarked on a...

Kerry Bannigan,

Kerry Bannigan

Understanding fashion’s critical role towards a sustainable future for...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Franky Viaene, Balta Group

Franky Viaene
Balta Group

Captiqs, the nonwovens brand of Balta, is a key European producer of...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Chun-Yuan Jean, Label - C JEAN

Chun-Yuan Jean
Label - C JEAN

C JEAN is an independent designer brand founded by Chun-Yuan Jean. C...

Eirinn Hayhow, Label - Eirinn Hayhow

Eirinn Hayhow
Label - Eirinn Hayhow

Eirinn Hayhow, founder of her eponymous label, is renowned for creating...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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

Leave your Comments

ESTEEMED CLIENTS

USTER
KIABI
Alison Hayes Romania
Xtema - Thomas Lebherz Textilmaschinen
Istanbul Fuarcilik A.S.
Walmart
Flainox S.r.l.
Datacolor AG Europe
Kornit Digital Asia Pacific Ltd
Tchibo GmbH
Lululemon Athletica Inc
Hela Clothing Pvt Ltd
Thai Acrylic Fibre Company Limited
The Top Form Brassiere Manufacturing Company Limited
IIGM Private Limited
Maceton Limited
BTSR International S.P.A.
Jiangsu Yingyang Nonwoven Machinery Company Limited
T.T. Limited
G-Star Raw C.V.
Pt. Peraga Nusantara Jaya Sakti
Italian Trade Commission
Asos
DyStar India Pvt. Ltd
BTC Textiles LLC
Indo Tex
NV Michel Van de Wiele
DuPont de Nemours, Inc.,
NITI Aayog
H. Stoll AG & Company KG
Coats Digital Limited
Lacoste (Wanchai)
Aramark Uniform ;& Career Apparel, LLC
The LYCRA Company Singapore  Pte. Ltd
Brückner Trockentechnik GmbH & Co. KG
Varner AS Retail
Babyshop
Loris Bellini S.r.l.
Lectra Technologies India Pvt Ltd.
Eastman Chemical Company
Guess Europe Sagl,
GHCL LIMITED
FESPA (Reigate)
Permoda(Koaj/Armi/Pronto/Bkul)
EMBEE CORPORATION
JES MEDIA, INC
LC Waikiki
C;&A Sourcing International Ltd
Taiwan Textile Federation (TTF)
Page Industries Limited (Bangalore)
Hirdaramani International Export Private Limited
Rosset ;& Cia Limited
Gatsby Africa
Messe Frankfurt Exhibition GmbH
Eurofins BLC Leather Technology Centre Ltd
Splash
Zydex Industries
IFF Media Ag - International Media Services
Stahl Holdings B.V.,
Tory Burch Hong Kong Ltd
TESTEX AG, Swiss Textile Testing Institute
ZAITEX spa
EUROVET ASIA LTD
Tommy Hilfiger
COTTON COUNCIL INTERNATIONAL
Mesdan SPA
GIOVANNI BOZZETTO S.p.A.
KAS Direct Sourcing
Amazon China
Truetzschler India Private Limited
Green Fibre
PVH Corporation
Sateri (Jiujiang) Fiber Co.,Ltd
Brandix Lanka Limited
BIANCA
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Desigual - ABASIC, S.A.
GERBER TECHNOLOGY LTD.
OVS Hong Kong Sourcing Ltd.
Vardhman Textile Ltd
Nandan Denim Limited
Copenhagen Fashion Summit
John Varvatos
IDH – The Sustainable Trade Initiative
Alix Partners
Dow Silicones Corporation
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Haelixa AG
Palexpo SA
BRINKMANN GMBH
Midas Clothing Limited
Thai Trade Center
Sportswear Company Spa
Itema Weaving (India) Private Limited
Infor (Hong Kong) Limited
Bluesign Technologies Ag
Gloria Jeans
Saurer Textile Solutions Pvt. Ltd.
Tuyap Tum Fuarcilik Yapim A.S.
Restoque S.A.
MAS Active / MAS Kreeda / MAS Bodyline
Landmark Group
Seasalt Limited
Groz-Beckert KG
Indofil Industries Limited - Specialty & Performance Chemicals Division
Benetton Group
Woolmark Services India Pvt. Ltd.
Etam Group Strategy Hong Kong Limited
Gokaldas Exports Limited
Applied DNA Sciences Inc
Officina Meccanica Dora Enrico Srl
Decathlon
TESCO INTERNATIONAL SOURCING LIMITED
Calvin Klein
Esprit Europe Services GmbH
Messe Duesseldorf
Abit
TÜYAP IHTISAS FUARLARI A.S.
Helly Hansen Far East Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
China World International Exhibition Company Limited
Gap International Sourcing Limited
Arvind Limited
Nihalani Events Management
Chori Company Limited
BIMBA ;& LOLA SL
Aquarelle Clothing Limited
Recron Polyester from Reliance Industries Limited
Vianney Textil Hogar S.A. De C.V.
Newtech Textile Technology Development (Shanghai) Company Limited
Colours India Inc
THE BOMBAY DYEING ;& MFG.CO. LTD
Lottmann Communications
Rayonese Textile Inc., Division de Culp Inc.
Weitmann & Konrad GmbH & Co. KG
J ;& P Coats
Thermore (Far East) Ltd.
Under Armour Global Sourcing Ltd
Lenzing Aktiengesellschaft
X-Rite Asia Pacific Limited (HK)
Tradewind International Servicing
Lisa S.P.A.
CGS Inc.
UBM China (Shanghai)
Shima Seiki Mfg. Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
FULGAR SpA
Savio Macchine Tessili S.P.A.
Meera Dyestuff Industries
International Sourcing Expo Australia
Huntsman (Singapore) Pte Ltd
Lifestyle
G.A.S. unternehmenskommunikation gmbh
Puma
Shanghai  Aige Exhibition Service Co., Ltd
Sportmaster Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Target Corporation (MN)
Grasim Industries Limited
Bluestem Global Sourcing Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Datatex Consulting Srl
Phong Phu international JSC (PPJ)
TEXVALLEY MARKET LIMITED
Equinox Impex India
Aleph Srl
APLF Limited
Jindal Worldwide Limited
SHAHI Exports Pvt Ltd
Cat Tuong Real Estate Group Joint Stock Company
Lenzing Aktiengesellschaft - India
International Textile Manufacturers Federation
Centric Software
N9 World Technologies Private Limited
The LYCRA Company Singapore  Pte. Ltd
Color Service s.r.l.
Rieter India Private Limited
Zünd Systemtechnik AG
Kern – Liebers Textile
IKEA of Sweden AB
VNU Exhibitions Asia
Comasia Limited
Reiter India Private Limited
ITMA Services Pte Ltd
Inter Expo Center Ltd.
Karl Mayer Textilmaschinenfabrik GmbH
CSGIA(China Screen Printing & Graphic Imaging Association)
Mayer & Cie. GmbH & Co. KG
Performance Days
K AND D ITMACH EXPOSITIONS LLP
EPCH
Chico’ FAS
Groz-Beckert East Asia LLP
Recron Polyester from Reliance Industries Limited
Boardriders Asia Sourcing Limited
Sainsbury's Argos Asia Limited
Marzoli Machines Textile s.r.l.
SYNERGIES HONG KONG LIMITED

June 2022

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


Advanced Search