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: Texprocil
Manufacturers, Govt unsure of when benefits of textile package will kick in
The Rs 6,000-crore package announced by the government for the textile industry in July, and notified in September, would boost production and employment much later than it was estimated, textile manufacturers said. Textile Ministry officials, however, said there was no timeline for when the pack…
Boost to exports: Duty drawback facility extended for textiles
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…