Further to announcement of Central Government, DGFT has issued a Public Notice yesterday (21.04.2010) informing the Removal of 7.67% DEPB benefit for export of Cotton Yarn including Melange Yarn with immediate effect.
In a press release issued today, Shri. A.Sakthivel, President welcomed this measure and said that he expect the cotton yarn prices would come down within a week, which is need of the hour to knitwear export sector.
Shri.Sakthivel also said he has sent a thanks letter to Thiru.Dayanidhi Maran, Hon'ble Union Minister of Textiles for his support and efforts to save the garment sector, which provides employment to lakhs and lakhs people.
Fibre2fashion News Desk - India
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