Minister of State for Textiles, Santosh Kumar Gangwar, has assured the industry that certain problems that are leading to delay in TUFS (Technology Upgradation Fund Scheme), will also be taken care of and that all the complaints will be addressed as soon as possible. The Ministry would also look into the delay in payment of duty drawback to apparel exporters and find time-bound solutions to resolve all issues pertaining to it. He was speaking on the sidelines of the 5th edition of Tex-Trends India 2015 at New Delhi.
A few days back, Tirupur Exporters Association (TEA) brought the issue before the Finance Ministry, seeking immediate intervention and a quick resolve. A. Sakthivel, President, TEA, said that the amount pending to Tirupur alone is around US $ 34.04 million (Rs. 210 crore) as Tirupur’s monthly exports of US $ 486.34 million (Rs. 3,000 crore) has a duty drawback of 7 per cent. Duty drawbacks have been stopped since December 2014, which is causing great concern to the industry. The Minister added that a new textile policy is likely to be announced after the Budget.
Virender Uppal, Chairman, AEPC, thanked the Ministry for accommodating major demands of the apparel sector in the new duty drawback schedule for 2014-15, and said that the duty drawback system has been streamlined and bottlenecks have also been removed in the new schedule.
Recently, AEPC was applauded for receiving the prestigious World Custom Organization Certificate of Merit award, which is given for rendering exceptional service to the international customs community.
