Textile exporters have welcomed the revised duty drawback rates announced by the Union Government. According to the Cotton Textiles Export Promotion Council, additional product categories have been included and the drawback caps have been increased.
The Southern India Mills’ Association has said that separate rates have been fixed for cotton yarn above 50s count. Export of spandex coarse yarn is increasing and the revision of rates for these will boost exports. The upward revision in value cap will encourage value addition.
