| Date: |
05-04-2010 |
| Subject: |
Removal of duty by India to help boost RMG exports |
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India has sent a formal notice to Nepal informing the withdrawal of four percent additional customs duty. This duty revocation will cheer all the Nepali exporters, particularly the RMG exporters.
Few years ago, when India had slapped this duty, the Nepali exporters had been seriously affected by the decision. Before the imposition of such duty, Nepali units had been exporting garment items of popular brands, including John Players and Peter England to India.
Mr. Kailash Bajimaya, under Secretary at the Ministry of Commerce and Supplies informed that they have received the formal notification on revocation of additional duty from India, and expected that the duty removal will help bag new orders for Nepali RMG manufacturers.
As per the notification, additional customs duty has been removed from all kinds of garment products except garment accessories.
Garment Association of Nepal (GAN) Vice-President, Mr. Uday Raj Pandey anticipates good number of fresh orders from Indian importers after official execution of this decision to withdraw additional duty.
Source : fibre2fashion.com
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