Elangovan releases 'Customs Classification of Textiles'

By Staff
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Google Oneindia News

New Delhi, July 22 (UNI) The Indian textile industry has a potential to touch 85 billion dollar revenue and is expected to attract an investment of over Rs 1,40,000 crore by 2010.

Releasing the global edition of ''Customs Classifications on Textiles and Textile Articles under HSN-Explanatory Notes'', Minister of State for Textile E V K S Elangovan said the textile industry is the second largest employment provider after agriculture, contributing four per cent to the GDP and comprises 17 per cent of the exports from the country.

The Indian textile industry, which is the oldest and the largest industry in the world, presently employs about 3.5 crore people in this sector, he added.

The Minister said the book is aimed to demystify the harmonised structure of classification with respect to textiles and textile articles.

The book is written by Ajay Kumar Gupta, a senior-level bureaucrat currently posted as Customs Commissioner at Chennai.

This book is an effort to synchronise the concepts of textile within the existing harmonised system of categorisation with more illustrations and explanations and carries more than 400 graphics to explain the details of the complex-tariff classification.

Mr Gupta said the explanatory notes, published by the Worlds Customs Organisation (WCO) are too intricate and complex. The classification of fabrics has always been a difficult task. The book provides special thrust to the classification of fabrics and practical methods have been suggested to distinguish between various fabrics without resorting to chemical test for composition.

Moreover, tariff classification of textile till date, remains an extremely complicated issue and this book is a ready reckoner for the textile industry, especially for those who are in the international business.

The book confines the explanation upto six-digit classification as it is being followed all over the world. Member countries of the WCO can, however, extend the classification further according to their local requirements. Many countries, including India, have eight-digit classification whereas the US tariff has a 10-digit classification.

Mr Gupta is currently with the Indian Revenue Services, and is an authority on customs-related matters for textile and textile articles.

Very soon, Mr Gupta would be coming up with his second book - Guide to Risk Management in Imports and Exports.

UNI

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