Financial Daily from THE HINDU group of publications
Monday, Apr 01, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Exim Policy


Textile industry upbeat on retention of schemes

Our Bureau

COIMBATORE, March 31

THE continuation of the export promotional schemes such as DEPB, advance licence scheme, EPCG in the new long term Exim policy unveiled on Sunday has cheered up the textile industry as both the organised and decentralised textile sectors remained apprehensive on the existence of these schemes beyond 2002.

Where the new long term Exim policy pepped up the industry's spirits is the permission accorded to import duty-free fuel for exporting units to the extent of 3 to 7 per cent of f.o.b value of exports.

This, according to textile industry sources, should placate the high transaction costs incurred by the textile manufacturers who have been complaining of high-energy costs incurred by them making their export trade uncompetitive.

Though there seems to be no further dilution in DEPB rate in terms of value caps as the previous set value cap would continue, the lowering of import duties announced in the Budget is expected to result in lower draw-back rate for the textiles to that extent, it is said.

Send this article to Friends by E-Mail

Stories in this Section
Global airlines still keen on `Maharaja'


Deadline for zero revenue gap may be pushed back
CAG raps Govt for poor fiscal management
Q3 current account posts surplus after nine years
Petrol, diesel imports through IOC to continue
CF lamps: Ray of hope amid power crisis?
Chamber welcomes new tariff order
Raichur thermal power station units 3, 4 -- ICICI-Lombard emerges lowest bidder for risk cover
Staggered power cuts
Subsidy to SSIs on the decline
Farm exports freed; thrust to SEZs -- Maran gives Exim policy a friendly push
Bleak export scenario set to change: Maran
Simplified norms; specific packages
New initiatives to drive export growth
Salient features of the Exim policy 2002-07
No to global financial centre in SEZs
Extra revenue outgo on sops at Rs 1,000 cr -- Total outflow may top Rs 27,000 cr in 2002-03
`We want a critical mass of exports'
`Path-breaking policy, will boost exports'
Maran bullish on 1 pc target -- Package for services export coming
Offshore branches will lead to easy transactions: Ballabh
Exports to new markets to go up 15-30 pc
Textile industry upbeat on retention of schemes
`Maran's message is export or perish'
No incentives for States: GMCI
Comprehensive, says Cochin SEZ
Chambers hail Exim policy
`Boost for agri exports'
Growth-oriented policy, says FIEO
Liquor sector wants lower CVD move rolled back
Gem trade wary of diamond duty cut
Focus on cluster-based units -- Tirupur hosiery sector hails policy thrust
Solid motor for PSLV 3rd stage
ITI removed from sell-off list on `strategic' grounds
Four bidders for Nizam Sugars unit
ITDC divestment proceeds to be shared with States
Targeting self-help groups for rural development -- IDE offers drip irrigation systems for small far
Hyderabad Engagements
Competition for architects


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line