Garments and made-ups exported between March 7 and December 31, 2019 will get a special one-time additional ad-hoc incentive of up to 1% of FoB (free on board) value.
The government has decided to scrap incentives for the garment and made-ups sector under a key programme — the Merchandise Exports from India Scheme (MEIS) — retrospectively from March 7, 2019, dealing a deadly blow to cash-starved exporters, who warn that the already-faltering outbound shipments of apparels could plunge further to around 10% in the last quarter of the fiscal, against a 0.8% rise in the April-December period.
New Delhi: The textile ministry has announced a special one-time additional ad hoc incentive of up to 1% of free on board (FoB) value for exports of apparel and made-ups.
Mumbai, Jan 16 (PTI) Union Textiles Minister Smriti Irani on Thursday said her ministry is looking at reducing the hank yarn obligation.
Mumbai: We are here to celebrate generations of textile industrialists and we can make even further progress by support from old good banking sector of India, said Hon’ble Minister of Textiles and Women and Child Development, Smt. Smriti Zubin Irani, while inaugurating the TEXPROCIL Award Function.
The Indian rupee edged lower against dollar on Friday in the morning session.