India's handicrafts exporters welcome increase in drawback duty rates
Sachin Manawaria | The Dollar Business The Jodhpur Handicraft Exporters’ Association (JHEA) has welcomed the recent increase in drawback duty, saying that it could help boost India’s overall handicrafts exports. In a recent notification, the Department of Revenue increased the drawback duty rates for agarbathi (incense), wooden frames, tableware and kitchenware of wood, wood marquetry, artware of wood, embroidery of silk, handicraft/artware of Iron & Steel, handicrafts/artware of stainless steel, handcut crystal glassware, musical instruments and lamps. The move comes after India’s handicrafts industry that is centered in Rajasthan said that returns had declined due to higher input and logistics costs. Industry representatives say that they face growing competition from countries like Indonesia and China, and the government’s ...
