The government has extended duty drawback facility for one year on all textile products to boost exports, and has increased rates in some cases for the benefit of Indian exporters. In a notification dated November 1, the Central Board of Excise and Customs (CBEC) extended the duty drawback benefi…
Tag: R K Dalmia
Special package to be extended for home textile segment: Textile Ministry
The made-ups and home textile segment is expected to be covered under the Rs 6,000-crore special package recently approved for the garment sector. Union Minister of Textiles Smriti Irani told the industry her Ministry is actively considering to extend the benefits of special package to the made-u…
Textiles, apparel exports likely to touch $50 bn in FY17
Helped by the government’s special package and marketing plans, India’s textiles and apparel exports are expected to touch $50 billion mark this fiscal from $38 billion in FY16, a senior official said July 2, 2016. The Union Cabinet last week approved a Rs 6,000-crore package for the …
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…