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Abolish customs duty on all man-made fibres: FAITMA

March 15, 2012 13:16 IST
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Federation of All India Textile Manufacturers' Association (FAITMA) on behalf of Textile industry has requested Government to consider the following given recommended for considering in the upcoming Union Budget 2012/13.

Customs duty on all man-made fibres including filament yarns should be totally abolished.

Excise duty at 4% should be imposed on man-made fibres, POY and filament yarns.

There should be 4% optional duty on Texturized yarn, dyed yarn, doubled yarn and fabrics, whether grey or processed and garments and made-ups.

Bring in complete parity in excise duty on cotton stream of production vis-à-vis man-made fibre textiles.

Provide exemption from customs and excise duties for all liquid fuels used by textile and clothing units for captive power generation. 

Resolve anomaly on "shawls of synthetic fibres" covered in different headings which also attract differential import rates.

Extend concessional import duty to parts imported for maintenance of Textile Machinery, in line with the full machines or parts required for the manufacture of full machines. Also Excise duty exemption should be restored for all the four types of shuttle less looms. (Current excise duty is 5%).

As the intent of zero import duty scheme is different from that of TUFS; allow textile industry to benefits from availing of EPCG Zero Duty Scheme.

TUFS has played an important role in rejuvenation of the textile industry. As the things stand, the restructured TUFS has been sanctioned up to 31.03.2012. The association requested for extension of TUFS to 12th five year plan.

Export finance should be made available at 7%.

Requests for a special meeting before implementation of GST in textile industry.

Union Budget 2012-13: Complete coverage

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