Related Keywords: DGFT, export incentive, FMS, yarn shipment
The government partly rolling back its decisions taken in September last year, has restored benefits on cotton yarn shipments under the Incremental Export Incentivisation Scheme (IEIS) for the current fiscal, according to a notification by the directorate general of foreign trade (DGFT).
With this decision, mills would continue to get a 2% export incentive on the incremental value of cotton yarn shipments, compared with last year. The move will help textile mills as cotton yarn exports are expected to rise 25% in 2013-14 from last year's level of about 1,100 million kg.
