Related Keywords: 15 percent, CITI, Confederation of Indian Textile Industry, cotton fabric, fabric and garment producers, FTA nations such as Bangladesh and Sri Lanka, gone up dramatically post GST from July, MMF fabrics, raise import duty on man-made fibre yarn, ring-fence local yarn, threats of cheaper import, urged commerce and textile ministries
The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.
According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July.
