Click it and Unblock the Notifications
Just In
Don't Miss
-
Maidaan Vs BMCM Clash: Bollywood Suffers XXX Cr Loss On A Single Friday? HERE's What We Know -
'RCB have won just one game but Orange Cap on his head': Anjum Chopra backs Virat Kohli to open in T20 World Cup -
Elon Musk’s X Is Launching a TV App Similar to YouTube for Watching Videos -
AICTE introduces career portal for 3 million students, offering fully-sponsored trip to Silicon Valley -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Bajaj To Offer Chetak Electric Scooter At Lower Price Point: All Details Here -
Heeramandi Screening: Alia Bhatt, Ananya Panday, Rashmika Mandanna And Others Serve Finest Ethnic Style! -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Scheme to promote apparel exports from September 1
New Delhi, Aug 11 To boost apparel exports, government today announced a scheme allowing duty-free import of fabric.
The 'Special Advance Authorisation Scheme' will come into effect from September 1. "Duty free import of fabric under the Special Advance Authorisation Scheme for export of articles of apparel and clothing accessories shall be allowed" in certain type of products, the Directorate General of Foreign Trade said in a notification.
Under the scheme, exporters are entitled for an authorisation for fabrics including inter-lining on pre-import basis, and All Industry Rate of Duty Drawback for non-fabric inputs on the exports.
The authorisation shall be issued for the import of relevant fabrics including inter lining only as input.
The Union Cabinet recently approved a Rs 6,000-crore package for the textiles sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion while eyeing additional USD 30 billion in exports.
India's textiles and apparel exports are expected to touch USD 50 billion mark this fiscal from USD 38 billion in 2015-16.
PTI
