Home / Knowledge / News / Textiles / India lifts CVD imposed on Nepali Jute goods
India lifts CVD imposed on Nepali Jute goods
Apr '17
The countervailing duty (CVD) that was imposed on Nepali jute products exported to India has been lifted by the Indian government. The exemption of CVD is likely to enhance the export of these jute products to India substantially, thus proving beneficial for the jute sector of Nepal. The notification has been issued by the Indian Embassy in Kathmandu.

"The Government of India has abolished imposition of CVD on the Nepalese jute products," reads the notification.

The Government of Nepal had requested the Indian government to lift CVD as the Nepali jute industries was already suffering from constraints of various kinds and imposition of CVD on Nepali jute products completely halted the export of the Nepali jute products to India.

The Government of India favourably considered the request of the Government of Nepal and issued a notification to lift the duty.

"The abolition of CVD is likely to substantially enhance export of Nepalese jute products to India and thereby help the people engaged in the jute industry of Nepal," added the notification.

Indian government had imposed an excise duty of 12.5 per cent on Nepali jute yarn, fabric and jute bags. The restriction had attracted a lot of criticism from the private sector and the Government of Nepal, who believed it violated the Nepal-India Trade Treaty that offers duty-free access to Nepali jute products to India. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

SABIC signs MoU with PRC province for petrochem complex

Textiles | On 26th Sep 2018

SABIC signs MoU with PRC province for petrochem complex

The Saudi Basic Industries Corporation (SABIC) recently announced the ...

Courtesy: Industree Skill Transform

Textiles | On 26th Sep 2018

Industree helps weavers enhance design capabilities

Industree Skill Transform Pvt Ltd (ISTPL) is a skill development...

Courtesy: Pexels

Textiles | On 26th Sep 2018

Fitch raises growth forecast for India to 7.8% in 2018-19

Rating agency Fitch last week raised India’s growth forecast for...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Spokesperson, Hugo Boss

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Harsh Shah,

Harsh Shah

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

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts, Eurofibers

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

October 2018

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

news category

Related Categories:

Advanced Search