Home / Knowledge / News / Textiles / India fails to eliminate CVD on Nepali Pashmina imports

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


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2021

US FTC votes to reverse course on repeal of fabric care labels

The US Federal Trade Commission (FTC) recently voted to retain the...

Pic: UKFT

Textiles | On 4th Aug 2021

UKFT to design & pilot new platform to drive sustainability in fashion

The UK Fashion & Textile Association (UKFT) has started working with...

Pic: Kontoor Brands/Wrangler

Apparel/Garments | On 4th Aug 2021

US’ Kontoor aims for sustainable growth with diversity & inclusivity

Kontoor Brands, an American apparel company with denim brands like...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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


July 2021

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


Advanced Search