Home / Knowledge / News / Textiles / One more increase in tax rebate on textile exports likely

One more increase in tax rebate on textile exports likely

14
Oct '08
China is considering further raising textile export tax rebate due to the slow down in textile and garment exports from the country and the increase in RMB exchange rate in the last few months, governmental officials said on Monday.

Industry officials said that the textile industry called for the Government to increase drawback rate of value-added tax from current 13 percent to 15-17 percent.

In July this year, the Chinese government had raised export tax rebate rate by 2 percent, but it could not stop the slowdown in export growth. In the first 8 months of this year, textile exports increased by only 9.3 percent, while the growth was 19.3 percent in the same period last year.

Ma Zhanping, deputy director from the Economy & Trade Office of the State Development and Reform Commission, said, the Government is considering taking more measures in supporting textile industry, and helping the industry to tide over its difficulties.

One of the measures under consideration of government is of raising export tax rebates.

Fibre2fashion News Desk - China


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search