Industry & Economy
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Textiles
`Govt willing to consider claims for specific drawback rate'
G. Gurumurthy
Tirupur
,
Oct. 5
THE apparel exporters' demand for a higher duty drawback rate from the Government has elicited a muted response from the Secretary, Ministry of Textiles, Mr Poornalingam, at a meeting he had with the knitwear exporters here.
The Union Textile Secretary, however, said the Government was willing to consider the specific rate sought by individual textile/garment exporting companies, provided these companies presented cost data to support their claims. "If individual exporters are not satisfied with the all-industry drawback rates, they can ask for a specific duty rate by providing cost data for the Government to work out the duty drawback rate," he said while
participating at a symposium on knitwear exports organised by the Apparel Export Promotion Council (AEPC).
"Arvind Mills has, in fact, made a submission to the Government seeking a specific rate for their fabric," Mr Poornalingam said, reckoning that garment exporters favoured an all-industry duty drawback rate. During the meet, Mr Poornalingam was repeatedly asked by the garment exporters for a hike in the drawback rate from the present 6 per cent to 12-15 per cent levels, considering the hardening prices of shipments from importers.
The garment exporters led by Mr A. Sakthivel, Chairman of the AEPC, who chaired the meet, pointed out that the various State levies borne by shippers as part of their production costs went unclaimed and made their pricing uncompetitive. They also made a case for refunding these taxes
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