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Related Keywords: Apparel Export Promotion Council, continuation of the duty-free import, duty-free import of samples, export value of garments, facing competition, forthcoming Union Budget, more incentives, round-the-clock customs clearance, sought number of interventions, speciality fabric, textile and garment companies, withdrawal of GST on air-freight

The Apparel Export Promotion Council has sought a number of interventions from the government, which include more incentives, continuation of the duty-free import of speciality fabric up to 1 percent of export value of garments, round-the-clock customs clearance, withdrawal of GST on air-freight and duty-free import of samples in the forthcoming Union budget, as the the labour intensive textile and garment companies are facing increasing competition from Vietnam and Bangladesh.

Related Keywords: forthcoming Union Budget, increase share in global textile trade, lowering of import duty on raw materials used in making finished products, Northern region based textile industry, rationalization of duty structure on man-made fibres, sectors competitiveness globally, sought enough provisioning, Technology Upgradation Fund

The Northern region based textile industry sought enough provisioning for technology upgradation fund, rationalization of duty structure on man-made fibres and lowering of import duty on raw materials used in making finished products in the forthcoming Union Budget.

At present, man-made fibres attract 12.5% excise duty. The industry pitched for rationalization of duty structure on man-made fibres to enhance the sector’s competitiveness globally and increase its share in the global textile trade.