Govt doles out higher incentives for garments, made-up exports

 

 

Under the programme, exporters are given duty exemption scrips that are pegged at a certain percentage of total value of their exports.

These scrips can be used to pay duties on inputs including customs. Incentive rates for the two sectors have been enhanced to 4% of value of exports from 2% with effect from November 1to June 30, 2018. “The estimated annual incentives will be Rs 1,143.15 crore for 2017-18 and.`685.89 crore for 2018-19,”

the commerce ministry said in a statement. “This measure will incentivise the exports of labour intensive sectors of readymade garments and made ups and contribute to employ.”

The measure comes amid a sharp fall in the export of labour-intensive sectors such as textiles, leather, gems and jewellery, handicrafts, readymade garments and carpets among others.

News Information

Posted On : 22 Sep 2018

Post By : BdGarments

Category : Garments/Clothing

News Source : দৈনিক ইত্তেফাক

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