Related Keywords: All Industry Rate of Duty Drawback for non-fabric inputs on exports, announced Special Advance Authorization scheme, boost apparel exports, effect from first September, exporters are entitled, for fabrics including inter-lining on pre-import basis, Indian textile and apparel exports, scheme allowing duty-free import of fabric
As India expects its textile and apparel exports to touch USD 50 billion mark this fiscal from USD 38 billion in 2015-16. The Union Cabinet recently approved a Rs 6,000-crore package for the textiles sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion.
To further boost apparel exports, government has announced a ‘Special Advance Authorization’ scheme allowing duty-free import of fabric which will come into effect from September 1.
