With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric. The ‘Special Advance Authorisation Scheme’ will come into effect from September 1. â€˜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,â€™ the Directorate General of Foreign Trade said in a notification.
Under the scheme, exporters would be 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.
Recently, the Union Cabinet had 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 $11 billion while eyeing additional $30 billion in exports.