Garment exporters welcome hike in customs duty

  • | Wednesday | 18th July, 2018

The Tirupur Exporters’ Association has welcomed the hike in basic customs duty for 23 knitted garment items announced by the Union Government. The hike in customs duty will protect the domestic garment industry, he said. The association had made several representations to the Ministry of Textiles seeking higher customs duty on ready-made garments. In 2017-18, import of ready-made garments went up to ?4,983 crore from ?3,994 crore the previous year. Association president Raja M. Shanmugham has said in a press release that the government has increased the basic customs duty from 10 % to 20 % for one knitted fabric variety too.

more-in The Tirupur Exporters’ Association has welcomed the hike in basic customs duty for 23 knitted garment items announced by the Union Government. Association president Raja M. Shanmugham has said in a press release that the government has increased the basic customs duty from 10 % to 20 % for one knitted fabric variety too. Textile imports from countries such as China, Bangladesh, Vietnam, Sri Lanka and Cambodia are on the rise. In 2017-18, import of ready-made garments went up to ?4,983 crore from ?3,994 crore the previous year. Leading retail stores in the country have also started importing garments from Bangladesh and other countries. The association had made several representations to the Ministry of Textiles seeking higher customs duty on ready-made garments. The industry had submitted a white paper on the issue to the Ministry and explained the threat of China setting up factories in India’s neighbouring countries to take advantage of low customs duty and low wages in those countries. The hike in customs duty will protect the domestic garment industry, he said.

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