PROPOSED HIGHER EXPORT REBATES FOR INDIA TEXTILE EXPORTS ARE UNLIKELY TO BE APPROVED – EXPERTS
January 1st, 2014
A call by India’s textiles minister for a higher rebate on duties paid on garment exports to the European Union (EU) will probably be refused by the country’s finance ministry, industry representatives have told just-style.Darshan Lal Sharma, a member of the Confederation of Indian Industry’s (CII) National Committee on Textiles and a director of Vardhman Textiles, said it would be “really a challenge” to get an increased drawback approved when there was pressure to reduce the country’s fiscal deficit.Textiles minister K Sambasiva Rao last week ...
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