Govt extends export entitlement quota on garments, yarn for 1 yr
The Dollar Business Bureau Government has extended the entitlement quota for one year in the export of readymade garments, knitwear, yarn, fabrics and made-ups to the countries of Canada, US, and European Union. This will be effective from January 1, 2017. “The government hereby decides to extend the operation of the residuary provisions of yarn, fabrics & made-ups export entitlement (quota) policy for a further one year with effect from January 1, 2017,” the Textiles Ministry said in a notification. Likewise, the government has also extended the operations of residuary provisions of export entitlement quota policy of garments and knitwears for another year, which will be effective from January 1, 2017. The export entitlement policy for garments and knitwears is applied for countries where such ...
Textile industry wants export benefits on all products
Himanshu Vatsa | The Dollar Business Days after the government announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS), industry leaders said that excluding knitted fabric from the list will have adverse impact on the country’s exports. In a fresh notification issued on July 16, the Directorate General of Foreign Trade (DGFT) revised the list of textile products and countries importing those products from India for giving credit benefits to exporters. As per the revised list, textile items shipped to European countries like Norway, Switzerland, Iceland and Liechtenstein will be eligible for duty credit scrip up to 5%. The fresh list also included exports of fabrics – both woven and knitted traded under various ...
