There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year. Based on data published by Directorate General of Commercial Intelligence and Statistics (DGCIS), after a brief period of decline in Textile & Apparel (T&A) exports including handicraft exports every month beginning May, June, July & October 2017, it can be observed that there is a turnaround in T&A exports, with a 20 per cent increase in November, 2017 over October, 2017,†said an official release.
The 20 per cent overall increase in T&A exports is marked by an increase of 24 per cent in readymade, 24 per cent in cotton, 9 per cent in man-made textiles, 17 per cent in silk, 28 per cent in handloom, 11 per cent in carpets and 10 per cent in jute. Meanwhile, the exporters to USA have been asked to continue filing SPI ‘A’ for possible future reimbursement of duty paid on tems under GSP.
India exports a large number of item, duty free, under the ‘Generalised System of Preference’ (GSP) of USA. As the present GSP system has expired on December 31, 2017, exporters have to pay normal duty for items which were under GSP.