Free Demo Request

FICCI welcomes hike in Custom Duty on Textile products

Date 09-Aug-2018
Subject FICCI welcomes hike in Custom Duty on Textile products

FICCI welcomes the increase in basic custom duty on several textile items. The move is very much in the direction to encourage domestic manufacturing. Increase in import duty on over 300 textile items to 20% will give a further relief to domestic textile and carpet manufacturers, said Mr. Shishir Jaipuria, Chairman, FICCI Textile Committee.

Mr. Jaipuria added, "The measures taken by the Government in last few months for the textiles sector have been very encouraging and given confidence to the domestic textile industry that has been reeling under the pressure of growing competition and rising cost." "This has also given us the hope that the Government will address the issue of rising garment imports from Bangladesh, which remains an area of concern for the industry, due to full exemption of basic custom duty from Bangladesh," noted Mr. Jaipuria.


Source:- Dailyshippingtimes.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard