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Exporters wait zero-rated regime notification to make shipment as per rule

Related Keywords: export oriented textile industry, exporters make shipment as per announcement, federal budget, Five Export Sectors' Associations, no-payment, no-refund, urge for immediate issuance of zero rated regime notification, value added textile

Five Export Sectors' Associations in Multan have urged the Federal Minister for Finance and the FBR chairman to immediately issue the notification for zero-rated regime for export oriented textile industry, so that exporters could make shipments as per announcements in the federal budget.

The value-added export sectors are waiting for the issuance of the SRO or notification of the decision, as they have to prepare export shipments as per the rule "no-payment, no-refund".

Indian synthetic fibre producers demand neutral excise duty structure

Related Keywords: anomalies, Association of Synthetic Fibre Industry, excise duty structure, global exports, global market, Indian synthetic fibre producer, man-made fibre industry, remove bias, value added textile

Producer of Synthetic fibre in India have urged the government to remove bias and anomalies in excise duty structure against the man-made fibre industry as it has been affecting the growth and impeding from achieving a larger share of the global market. At present India’s share in global exports of value-added textiles of MMFs is just about 3 percent.

They want the government to bring down excise duty on par with cotton fibre and yarn for growth of the Indian textile sector.

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