Related Keywords: all industries rate, allow availing of duty drawback, announcement by the Union Government, confined only to garments, domestic duty paid inputs, duty drawback concession, fabrics were imported under Advance Authorisation Scheme, made of fabrics produced, special package, Textile sector triggers worry, using man made fibres
Textile sector triggers worry over the announcement by the Union Government in a special package which allow availing of duty drawback at ‘all industries rate’ for domestic duty paid inputs even when fabrics were imported under Advance Authorisation Scheme.
As the generic permission of duty exemption to garments made of all fabrics will only result in even cotton fabrics getting dumped from abroad into the domestic market. Already, the textile mills that produce cotton fabrics and provide huge employment are in a predicament due to the glut in the market.
