Export of jute items from Nepal to India resumes

The export of jute products from Nepal to India has resumed after the Indian Customs Office agreed to release the consignments of Nepali jute traders to the Indian market keeping the 12.5 percent countervailing duty (CVD) as a guarantee.

The Indian government had imposed 12.5 percent CVD on Nepali jute products like jute sacks and hessian jute fabric from December 15, thereby completely halting export of jute products to India.

India is Nepal’s largest jute importer. According to traders, more than 90 percent of jute products manufactured in Nepal is exported to India.
Raj Kumar Golchha, president of Nepal Jute Industries Association said that export of jute products, including jute sacks and hessian jute fabric, has resumed to India. However, they have to keep a guarantee worth the imposed CVD for their goods, which is refundable. The fund will be refunded once the Indian government revisits its decision on imposing CVD on Nepali jute products.

Golchha further said that the Indian government is likely to scrap the countervailing duty being imposed on Nepali jute products very soon.
Similarly, Rabi Shankar Sainju, joint secretary of Ministry of Commerce (MoC), said that the Indian government is positive towards Nepal’s request to scrap CVD on Nepali jute products. They are optimistic that the Indian government will soon give duty-free access to Nepali jute products in the Indian market.

Currently, four jute factories are operating in Nepal and traders claim that these factories employ more than 1,000 workers. Almost 200 tonnes of jute products are manufactured in the country every day of which only 10 percent is consumed in the domestic market. Similarly, domestic traders import more than 70 percent of raw materials for the jute industry from India itself and exports only finished products.

Recent Posts

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

17 hours ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

17 hours ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

17 hours ago

GTT and Golden Long John pioneer sustainable textile processes

Green Theme Technologies (GTT), has partnered with Golden Long John to advance environmentally conscious fabric dyeing and finishing processes.

2 days ago

KOLAB Collection launches NFC-tagged clothing line

KOLAB Collection, a leader in sustainable fashion, has revolutionized the industry by launching NFC-tagged clothing line as part of its…

2 days ago

Advance Denim, Lenzing, and Asahi Kasei launch sustainable stretch denim

Advance Denim, Lenzing’s, and Asahi Kasei have teamed up to launch the LoopTy Collection, a series that combines functionality, style,…

2 days ago