Prem Malik, Chairman, Confederation of Indian Textile Industry (CITI) has stated that some benefits for the textile sector have been removed or scaled down in Foreign Trade Policy 2015-2020. While amalgamating Focus Schemes and the other schemes into Merchandise Exports from India Scheme (MEIS), cotton yarn has been completely ignored. Chapter 3 benefits on cotton yarn had earlier been withdrawn when cotton yarn was brought under Restricted List. After withdrawing the requirement of registration of export contracts, this product had been brought under Free List, but Chapter 3 benefits were not restored under the earlier FTP. This irregularity has not been corrected under the new policy either.
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