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Tag: EPCG

MEIS rates on Garments and Made-ups has gone upto 6 %
Apparel and Textile News Trade Info News

MEIS rates on Garments and Made-ups has gone upto 6 %

The Cotton Textiles Export Promotion Council (Texprocil), Chairman, Ujwal Lahoti has expressed his satisfaction over the 2 per cent hike on all exportable goods by the government and said, “The Mid Term Review of Foreign Trade is progressive and growth oriented. The government has recognized the urgent need to address the challenges being faced by […]

Export Prospects of the Apparel Sector were drastically affected : AEPC
Apparel and Textile News Trade Info News

Export Prospects of the Apparel Sector has been drastically affected : AEPC

As compared to the last year in October, apparel exports decline by 40 per cent and the Apparel Export Promotion Council (AEPC) has shown concern and started engaging with different policymakers to resolve  the issue that is hampering the apparel industry after the new tax regime system implementation. They have already made several presentations to […]

Awareness Programme on Guidelines to Common Service Providers by TEA
Apparel and Textile News Events and Exhibitions News

Awareness Programme on Guidelines to Common Service Providers by TEA

TEA  informs that despite the issuance of public Notice No.33/2015-20 Dated 23rd September 2016 and Trade Notice No. 18/2016 dated 23rd September 2016 by categorizing job working units, such as Knitting, Dyeing, Compacting, Printing, Embroidering, Labelling and Cutting for garment manufacturing as Common Service Provider (CSP) mainly to facilitate for import of machinery under EPCG […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Rs. 100 Crore Fine For Four Surat Firms For Duty Evasion

Directorate General of Foreign Trade (DGFT) has imposed a Rs. 100-crore penalty on four Surat-based textile companies for misusing Export Promotion of Capital Goods (EPCG) schemes to claim duty-free imports without fulfilling the conditions required. The four companies Nirmal Polyesters Pvt Ltd, Krishna Trading company, Pradeep Kumar Nirmal Kumar Ltd and Meenu Exim Pvt Ltd […]

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