;
Home / Knowledge / News / Textiles / India increases import duties on textiles & apparel
India increases import duties on textiles & apparel
17
Jul '18
Courtesy: Mat Brown from Pexels
Courtesy: Mat Brown from Pexels
The Government of India has increased basic customs duty on several textile and apparel products, including fibres, carpets, knitwear, hosiery items, certain types of vegetable textile fibres, and some varieties of fabric. Duties have been increased from 10 per cent to 20 per cent on these goods. The increased duties have come into effect from July 16, 2018.
 
A total of 45 changes, including change in specific rates as well as ad valorem rates, spread across 37 broad tariff areas have been made, according to media reports. In most cases, the effective duty rate has been doubled.
 
Import duty on items like coats, pants, jackets, womenswear, etc has been increased to 20 per cent from the earlier 10 per cent. On some products, the duty would be 20 per cent of ₹38 a metre, whichever is higher.
 
The duty has been doubled to 20 per cent on 23 knitted garments items and one knitted fabric item. This action will help in protecting the industry and also employment, said Tirupur Exporters’ Association (TEA) president Raja M Shanmugham in a press release.
 
India’s textile imports have increased at 17% CAGR in last five years. In 2017-18, India’s apparel imports increased to ₹4,983 crore from ₹3,994 crore in 2016-17. Shanmugam specifically pointed out that the leading retail stores in the country have also started importing garments from Bangladesh and other countries, as it is cheaper compared to garments produced locally.
 
Considering the vulnerability of Indian textile industry and a serious threat to employment, TEA had submitted a white paper to Union textiles minister detailing the issue and how threat has emerged from Chinese companies which are setting up their factories in India’s neighbouring countries to take advantages of abundant availability of labour, low wages, etc, Shanmugam said.
 
India had last increased import duties on textiles in October 2017, which was for a more broader set of products. However, apparel exports are witnessing downtrend since then, and declined 16.62 per cent and 12.34 per cent in May and June 2018, respectively. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Anthesis Group takes over key assets of Made-By

Apparel/Garments | On 20th Jan 2019

Anthesis Group takes over key assets of Made-By

Anthesis Group, the global sustainability and solutions provider, has ...

ZDHC signatory brands share tools on screened chemistry

Apparel/Garments | On 20th Jan 2019

ZDHC signatory brands share tools on screened chemistry

ZDHC signatory brands - Levi Strauss & Co, Nike, H&M and C&A – are...

Courtesy: Global fashion agenda

Apparel/Garments | On 20th Jan 2019

ASOS, PVH become partners to Global Fashion Agenda

ASOS and PVH Corp are becoming part of the Global Fashion Agenda’s...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Top executives, Indian retail players

Top executives
Indian retail players

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

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra,

Bani Batra

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

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


January 2019

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

news category


Related Categories:

Advanced Search