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Announce duty drawback rate soon, garment exporters urge FM Jaitley

Delay in announcement is impacting exports, says Tirupur Exporters' Association

Announce duty drawback rate soon, garment exporters urge FM Jaitley
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Press Trust of India Coimbatore
Tirupur Exporters' Association (TEA) Saturday appealed to Finance Minister Arun Jaitley to immediately announce the revised all-industry rate of duty drawback for the garments sector and help it overcome the crisis and enhance exports.

The duty drawback rate was usually announced in September or October, but it wasn't this year and the government has been delaying the announcement since the rupee has depreciated, and that was affecting exports, president of the association, Raja M Shanmugha, said in a press statement here.

In the half-yearly period of this financial year, the exports recorded Rs 260.6 billion against Rs 292.1 billion during the corresponding