TEX­PROCIL sat­is­fied with new Draw­back Rates

Apparel - - Market Watch -

Shri R K Dalmia, Chair­man of The Cot­ton Tex­tiles Ex­port Pro­mo­tion Coun­cil (TEX­PROCIL), wel­comed the gov­ern­ment an­nounce­ment of All In­dus­try Rates of Duty Draw­back for 2014-15. Ac­cord­ing to Shri Dalmia, “the new Draw­back rates are pos­i­tive and growth ori­ented,” the new Draw­back sched­ule hav­ing in­cor­po­rated ad­di­tional cat­e­gories of prod­ucts such as flame re­tar­dant fab­rics, Cot­ton Yarns be­low Counts 50 and above Counts 50 as re­quested by TEX­PROCIL. Fur­ther­more, Shri Dalmia com­pli­mented the depart­ment for recog­nis­ing the grow­ing im­por­tance of Ly­cra based fab­rics which con­sti­tute about 25 per cent of the world trade in tex­tiles. Rates for Ly­cra should have in­creased by at least one per cent, and TEX­PROCIL will be sub­mit­ting a re­vised cal­cu­la­tion in this re­gard for fur­ther in­crease in th­ese Draw­back rates.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.