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Related Keywords: assist and advice exporters, constituted a GST facilitation cell, DGFT, Directorate general of Foreign Trade, functioning under ministry of commerce and industry, present tax regime to GST regime, smooth transition, trade and industry, with effect from July

Directorate General of Foreign Trade (DGFT), functioning under the ministry of commerce and industry, Government of India, has constituted a Goods and Services Tax (GST) facilitation cell to assist and advice exporters, trade and industry for smooth transition from present tax regime to GST regime with effect from July 1, 2017.

Related Keywords: complaints from industry, Directorate general of Foreign Trade, discussions with Commerce Ministry, incentives, largest employment generator, low skilled workers, Merchandise Export Incentive Scheme, Textile Ministry, textile sector, yarn and fabric sector

The textile sector is the largest employment generating sector of India, especially for low-skilled workers, and needs to be supported. The Textiles Ministry held preliminary discussions on the matter related to textile industry with officials in the Commerce Ministry and the Directorate General of Foreign Trade. They have forwarded all the complaints received from the industry. The Secretaries from the two ministries are also in touch.

Related Keywords: certification mandatory, CITI, DGFT, Directorate general of Foreign Trade, export of organic products, Organic Textiles, R K Dalmia, Texprocil, Textile Industry

The mandatory certification for export of organic products to finished textile products, including yarn, fabrics, made-ups and garments extended by the Directorate General of Foreign Trade DGFT on November 18 has been deferred.

This move came in after Texprocil had urged the commerce ministry to extend the December 18 deadline for mandatory certification to enable the sector to conform to the new procedure.

Industry has welcomed the move stating that organic textile exports would be possible now.

Related Keywords: Cotton Association of India, cotton price, cotton yarn export, Directorate general of Foreign Trade, domestic yarn price, India Cotton, textile segment

The Directorate General of Foreign Trade lastest data reveals that traders have registered contracts to export 93.54 million kg of cotton yarn in August, 8% lower than a year before and compared with 98.81 million kg in July, The registration of cotton yarn export contracts had hit 1,415 million kg in 2013-14, compared with 1,067 million kg a year before.

Related Keywords: attained export competitiveness, Directorate general of Foreign Trade, export subsidies, FIEO, foreign trade policy, Indian textile sector, phase out, textile share in world trade, WTO, WTO norms

As India attained export competitiveness in the textile sector in 2008-09 and as per the threshold set by the World Trade Organization (WTO), it has to phase out the export subsidies provided to the sector by 2018.

The Directorate General of Foreign Trade (DGFT) department has prepared made a case in writing to the department of revenue asking it to not provide incentive to the textile sector in upcoming foreign trade policy (FTP) which is likely to be announced next month, as India has reached the export competitiveness in the sector.