The industry was expecting continuation of the present drawback rates till such time as these consultations could be completed and proper measures taken to ensure that exports remain zero rated and no taxes are exported, AEPC said. Head honchos, Industry could be looking at 10%-15% job losses, Luke Otten Get help in getting export orders, custom clearances during … sony : On 28 September 2017 Sir, Is this means whether we can claim SGST refund of the ITC even if we have opted for higher rate of AIR duty draw back? DEPB Rates (till October 1, 2011) SION Duty Drawback Rates HS Codes MSME Scheme MAI scheme Medical Device schemes Certificate of Origin e-SANCHIT Non - Tariff Barriers (NTB) EXIM Bank LoC Guidelines for Reimbursement of Airfare Customs Exchange Rate The duty drawback rate on woollen apparel will also come down from 8.7 per cent to 3.50 per cent. The Government of Bangladesh has announced a number of supportive inducements for enhancing exports. Duty Drawback Rates of Garments, made up of fabrics of heading 5602, 5603, 5903, 5906 or 5907: 6211: Duty Drawback Rates of Track suits, ski suits and swimwear; other garments: 6212: Duty Drawback Rates of Brassieres, girdles, corsets, braces, suspenders, garters and similar articles and parts thereof, wh: 6213: Duty Drawback Rates of Handkerchiefs: 6214 As per the new schedule, Apparel Export Promotion Council (AEPC) said the refund rates for garments will come down to 2 per cent as compared to the 7.7 per cent drawback available till now. Sneha Gilada The Central Board of Excise and Customs (CBEC) has called for inputs on duty drawback rates from Export Promotion Councils and other top-tier industry bodies. dated 6 th December, 2018, which will come into force on 19 th December, 2018.. Now, CBIC has issued Circular No. Members of the Council. Duty Drawback Rates of Knitted Or Crocheted Fabrics Of A Width Exceeding 30 Cm, Containing By Weight 5% Or More Of Elastomeric Yarn Or Rubber Thread, Other Than Those Of Heading 6001 6005 Duty Drawback Rates of Warp Knit Fabrics (including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 ---- Of Cotton : However, due to the steep drop in the drawback support over 7000 small and medium enterprises in the apparel export sector will be crippled, creating an adverse impact on the employment being provided to over 12 million people by this sector, AEPC said in a press release. J VIJAYA KUMAR: On 07 November 2017 During the transition period of three months i.e. | On 8th Jan 2021. duty drawback at general rate or he may opt to claim duty drawback at a higher rate (composite rate) without availing CENVAT credit. 04.02.2020. Duty Drawback Rates w.e.f. COIMBATORE: Since the proposal of duty back rate for 2014-15 is likely to be submitted to the Centre by mid-October, the Apparel Export Promotion Council today sought an upward revision of duty drawback rates for cotton garments, garments made out of blended yarn and man made fibres. Subscribe today and get the latest information on Textiles, Fashion, Apparel. The revised All Industry Rates of duty drawback will come into effect from September 21. The new All Industry Rates (AIR) for cotton garments is 2 per cent as compared to the 7.7 per cent drawback available so far. By continuing to browse this site you agree to its, Govt announces new duty drawback rates for garments. India has finally announced duty drawback rates for textile and apparel items for the year 2018-19. Jashn, ‘Online economy has changed the whole dynamics of buying habits.’. ), dated 6 th December, 2018. Textile Industry Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on. As per Circular No. | On 8th Jan 2021. Welcome To Duty Exemption and Drawback Office. However, this facility of claiming drawback is available to the exporters only up to 30 th September 2017 because as Tomorrow is different. Garments Rebate SRO. The revised rates will be applicable from 19 th December, 2018. Clothing items (under HS codes 61 and 62) made of silk (other than containing Noil silk) will be subject to a rate of 4.80 per cent as compared to the earlier 7.6 per cent. The reduction in drawback rates on garments might have negative impact on exports.” – Nataraj, Chairman, The Southern India Mills Association (SIMA) On the other side, there is a marginal increase for several items of textiles and clothing products in the duty drawback rates. As per the Department of Revenue, the drawback Committee has kept the new drawback rates same for most of the handicraft items, except glass artware where the rates have been enhanced ranging from 2.2% to 4.8%, with a new entry for glass artware with LED has been created. CLE-HO/POL/DBK/16-17 November 3, 2016. (RKS). The duty drawback … The Apparel Export Promotion Council (AEPC) has expressed disappointment. On marginal decrease in the duty drawback rates of apparel items, Nataraj said that considering the continuous fall in garment exports, the industry was hoping for increase in drawback rates. Here is the extract of notification: Woods International School of Fashion have been taken place hurt Tirupur 's knitwear exporters on Business Standard, Scientist! Orders in advance for the brightest engineers in india reason below and click the. Like every other YEAR, major stakeholders are to send across their views on the crucial mechanism! Created by him cent stake in... 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