Tirupur Exporters’ Association on Tuesday thanking Finance Minister Arun Jaitley for presenting a ‘pragmatic budget’ giving more emphasis and focus to development of rural and agriculture also urged Jaitley to include additional specialty fabrics under customs duty free import.
As the potential to increase the readymade garment (RMG) exports lay on export of synthetic garments which has market throughout the year globally, the additional inclusion of more specialty fabrics will be helpful to enhance the growth and competitiveness.
TEA sought inclusion of the fabrics also to help for growth of RMG and provide more employment to workers.
TEA president, A Shaktivel, in a letter to him, hailed the announcement of the exemption from payment of basic customs duty on import of specified fabrics (for manufacture of textile garments for export of value equivalent to one per cent of FOB value of exports in the preceding financial year)
He urged the minister to include some 20 items widely used by Tirupur knitwear garment exporters for manufacturing the exportable value added garments to get the real benefit of the announcement.
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