The Customs Excise and Preventive Service (CEPS) as a part of its efforts to effectively redress the issue of unfair competition, prevailing in the domestic textile industry, have recently inked a Memorandum of Understanding (MoU) with textile manufacturers.
This much anticipated agreement, between the two came about as the Textile-Importers Association in the first part of June, consented to team up with the manufacturers for this proposition.
It is being disputed by the domestic textile industry for long that, as cheap textiles are imported within the country, the domestically produced textiles are faced with unfair competition, which is emerging as a threat to the existence of these domestic industries.
The overseeing responsibility in respect of the agreement has been conferred on the Ministry of Trade and Industry, which will now develop strategies to ensure that, all fake textiles entering the country are smashed outright.
An official of the General Secretary of Textile, Garments and Leather Workers Union (TEGLU) stated that, they, in order to aid CEPS in its task of obliterating the seized goods, would require some sort of financial assistance.
The task undertaken by CEPS is one that involves cost and if anyone desires to annihilate the confiscated lot, then it requires money. Some sort of capacity enhancement is also required by CEPS so that it could function efficiently and be of help to the concerned trade bodies.
The manufacturers too have been obligated to ensure that, they facilitate customs job, so that in the instance of any violation of the agreement, the party at fault could be taken care of. Thus, the agreement mainly touches CEPS and manufacturers, which will be facilitated by the Ministry of Trade.
Fibre2Fashion News Desk - India