Textile exporters fear that their names might figure in the Reserve Bank of India’s (RBI’s) caution list after April 20, 2017, deadline set for updating the shipping bills by banks. They have urged the banking sector regulator to remove the names of companies with a good track record …
Tag: Cotton Textiles Export Promotion Council
Textile industry hails package for made-ups, hopes to boost exports
Textile industry associations have hailed the Centre’s announcement of a special package for the made-ups sector. The package includes 10 per cent enhanced subsidy under Technology Upgradation Fund Scheme, extension of Pradhan Mantri Paridhan Rozgar Protsahan Yojana Scheme for providing additiona…
Govt eases garment export incentives
Concerned over stagnating garment exports, the Union ministry of commerce has removed restrictions under the Incremental Exports Incentivisation Scheme. The Directorate General of Foreign Trade, in a notification, allowed regional authorities to process cases in this regard without imposing any c…
Duty drawback for Synthetic Textiles
In a boost for textile export, the government has included blended cotton yarn (both grey and dyed) for the benefit of duty drawback. In a notification early this week, the Directorate General of Foreign Trade under the Ministry of Commerce and Industry said yarn (other than sewing thread) with l…