Related Keywords: anomalies, Association of Synthetic Fibre Industry, excise duty structure, global exports, global market, Indian synthetic fibre producer, man-made fibre industry, remove bias, value added textile
Producer of Synthetic fibre in India have urged the government to remove bias and anomalies in excise duty structure against the man-made fibre industry as it has been affecting the growth and impeding from achieving a larger share of the global market. At present India’s share in global exports of value-added textiles of MMFs is just about 3 percent.
They want the government to bring down excise duty on par with cotton fibre and yarn for growth of the Indian textile sector.
