Ludhiana based knitters seek higher import duty on man-made fibres

Ludhiana is a hub of knitwear industry in Punjab, having around 5,000 units with a majority of them in the MSME sector, disturbed over the rising imports of man-made fibre textiles from China due to lower import duty, the knitters will be meeting Punjab Finance Minister Manpreet Singh Badal so that the matter could be taken up in next GST Council meeting.

After the implementation of GST, the import duty on man-made fibres has fallen from a cumulative 28.5% (including basic custom duty, countervailing duty, special additional duty, education cess) to about 15.3% (including basic custom duty, education cess and Integrated Goods and Service Tax). Thus, the import has become cheaper by about 13.2%.

In addition to this, China, which is the major exporter to India (having 90% market share) provides drawback/incentive of 18% on man-made textile exports.

Hence, the manufacturers want higher import duty on man-made fibre textiles so that the domestic industry doesn’t suffer.

Ajit Lakra, president, Ludhiana knitters Association said that they have suggested imposing dumping duty on import of man-made fibres as a step to protect the domestic industry.

He said that there was a serious gap in import tariff structure wherein there is specific duty on most types of fabrics. But there is no such specific duty on chapter 60 which comprises knitted fabrics.

These changes need to be done with immediate effect otherwise the industry will be in doldrums. As major fabric import is being done from China it is widely affecting the domestic industry.

Recent Posts

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

3 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

3 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

3 days ago

Yangi launches sustainable fiber-based food tray

Yangi, renowned for its renewable packaging solutions, has launched a fiber-based food tray as a sustainable alternative to plastic trays…

3 days ago

Tarpaulife Project develops alternative to PVC-coated fabrics

The European Tarpaulife Project is working on polyolefin-coated fabrics, such as polyethylene, that can be manufactured to compete with PVC-coated…

3 days ago

Better Cotton to standardise measurements for cotton production

Better Cotton has joined the global non-profit alliance, Cascale, in a three-year project aimed at standardising LCA methods across the…

3 days ago