TEA urge to include speciality fabrics under customs duty free import

Tirupur Exporters’ Association on Tuesday thanking Finance Minister Arun Jaitley for presenting a ‘pragmatic budget’ giving more emphasis and focus to development of rural and agriculture also urged Jaitley to include additional specialty fabrics under customs duty free import.

As the potential to increase the readymade garment (RMG) exports lay on export of synthetic garments which has market throughout the year globally, the additional inclusion of more specialty fabrics will be helpful to enhance the growth and competitiveness.

TEA sought inclusion of the fabrics also to help for growth of RMG and provide more employment to workers.

TEA president, A Shaktivel, in a letter to him, hailed the announcement of the exemption from payment of basic customs duty on import of specified fabrics (for manufacture of textile garments for export of value equivalent to one per cent of FOB value of exports in the preceding financial year)

He urged the minister to include some 20 items widely used by Tirupur knitwear garment exporters for manufacturing the exportable value added garments to get the real benefit of the announcement.

Recent Posts

INNOVERA shines in Karmuel Young’s convertible design

Modern Meadow proudly announced that Karmuel Young, founder of the Hong Kong-based menswear label, integrated the INNOVERA biomaterial into his…

21 hours ago

XYXX launches fast-fry innerwear range with Tactel fabric

XYXX has introduced its latest innovation in men’s innerwear, featuring Tencel-enhanced Tactel fabric that enables fabric to dry up to…

22 hours ago

Dhana Inc., Accelerating Circularity to advance sustainability in textiles

Dhana Inc. has partnered with Accelerating Circularity Inc. (ACP), a nonprofit organization focused on developing textile-to-textile recycling systems.

22 hours ago

Circulose, Tangshan Sanyou to scale sustainable textile production

Circulose has entered a strategic partnership with Tangshan Sanyou Chemical Fiber, marking a major step toward the commercialization and scaling…

2 days ago

LebaTex introduces faux leather collection

LebaTex has launched a new faux leather collection featuring over 100 unique colors and textures, including polyurethane, vinyl, and silicone…

2 days ago

Gabriela Hearst unveils sustainable sneaker collection

Gabriela Hearst has introduced eco-friendly sneaker line, named "Ohio," made from 30% recycled materials, reflecting the brand’s commitment to sustainability.

2 days ago