Related Keywords: BCD, from 10 percent to 25 percent in October, government's announcement, import of fabrics increased sharply post GST, imported MMF fabrics, increasing basic customs duty, largest man-made fabric (MMF) hub of India, Surat still awaiting official notification
After the government's announcement on increasing basic customs duty (BCD) on imported MMF fabrics from 10 percent to 25 percent in October, the largest man-made fabric (MMF) hub of India, Surat is still awaiting central government’s official notification in this connection.
According to Industry leaders, import of fabrics, especially from China, has increased sharply post-GST at almost 30 percent while Surat's power loom weavers who manufacture 4 crore metre of fabrics per day, have been reduced to 1.5 crore metre per day post-GST and more than 50,000 textile workers rendered jobless.
