Related Keywords: anti-dumping duty on certain fibres and filaments, basic raw materials, central excise duty, costlier due to import duty, higher duty structure, impacted growth of textile sector, import parity pricing policy, international price, MMF and filaments, SIMA, special additional duty, tariff protection, textile and clothing segment
The basic raw materials, MMF and filaments, were costlier by 23 to 30 percent due to 5 per cent import duty, four percent special additional duty, 12.5 percent central excise duty and anti-dumping duty on certain fibres and filaments, according to the Chairman of the Southern Textile Mills Association (SIMA).
This has impacted the growth of our nation’s textile sector. The MMF textiles and clothing exports accounted for 80 per cent and cotton textiles for 20 per cent in China, while in case of India it was totally opposite.
