;
Home / Knowledge / News / Textiles / Shri Saran welcomes the extension of DEPB Scheme
Shri Saran welcomes the extension of DEPB Scheme
12
Apr '08
Shri Sanjeev Saran, Chairman of The Synthetic & Rayon Textiles Export Promotion Council has welcomed the provisions of the Annual Supplement to the Foreign Trade Policy announced and termed them as generally positive and practical.

Shri Saran welcomed the extension of DEPB Scheme till May 2009 as it would remove the prevailing uncertainty about the Scheme.

He was also appreciative of the decision of the Government to pay 6% interest to exporters on delayed refund of terminal excise duty and CST as this would go a long way in getting timely refund to exporters. He also welcomed the extension of interest subvention on Export Finance by one year.

The SRTEPC Chairman also welcomed the reduction in Customs Duties from 5% to 3% payable under EPCG Scheme and the move to allow exports made towards fulfillment of export obligation under EPCG Scheme to be eligible for incentives under promotional schemes and hoped these would go a long way in helping exporters take advantage of EPCG Scheme for modernization of textile industry.

He added that the inclusion of countries like Albania, Djibouti, Sudan, Ghana and Colombia under the Focus Market Scheme would help in increasing exports to these countries.

However, the SRTEPC Chairman expressed his disappointment that no measures have been introduced to refund state level taxes which has been long standing demand of the exporters. He felt it is a recognized problem and the question is finding the mechanism.

The textile industry has also felt left out as no step has been taken to include textiles under Focus Product Scheme, Shri Saran added.

The Synthetic & Rayon Textiles Export Promotion Council


Must ReadView All

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

No-deal Brexit would drop output, UK firms caution: survey

Textiles | On 13th Dec 2018

No-deal Brexit would drop output, UK firms caution: survey

British businesses expect a sharp drop in output if the United...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

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 ...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

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


December 2018

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

news category


Related Categories:

Advanced Search