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India fails to eliminate CVD on Nepali Pashmina imports

28
Feb '11
India while disregarding the promise that it made a year back, to abolish the countervailing duty (CVD) on Nepali Pashmina goods, still subsists with such duty imposition. This has badly hit the export of these key items from Nepal to India.

The Indian customs authorities continue subjecting Pashmina products exports from Nepal including scarves, shawls, mufflers and other wool and fine animal hair products, to CVD of 10 percent or Rs. 180 per piece, whichever is more.

Inspite of the assurance given by the Indian government to abolish CVD on all exports of Nepali products, to enhance the mutual trade as guaranteed under the bilateral trade pact, India has failed to keep its promise and the duty imposition still persists.

When the former Prime Minister of Nepal, Madhav Kumar paid a visit to India, last year, the Indian government had committed to abolish the CVD on Pashmina products, but no positive developments have taken place on this front till now, although, India has revoked duty on readymade garments, which too was badly hit by such duty imposition.

In view of the above situation, Pashmina exporters have moved the Ministry of Commerce and Supplies (MoCS) and sought its help in raising the issue in the forthcoming Nepal-India inter-governmental sub-committee (IGSC) meeting.

Fibre2fashion News Desk - India


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