With the new Union Commerce and
Industry Minister taking charge the new Exim Policy will be announced by the
beginning of July2004. The highlights of the Exim Policy 2002-07 pertaining
to the Textile Industry are:
- Sample fabrics permitted duty free within the 3% limit for trimmings
and embellishments.
- 10% variation in GSM be allowed for fabrics under Advance Licence.
- Additional items such as zip fasteners, inlay cards, eyelets, rivets,
eyes, toggles, velcro tape, cord and cord stopper included in input
output norms.
- Duty Entitlement Passbook (DEPB) rates for all kinds of blended
fabrics permitted. Such blended fabrics to have the lowest rate as
applicable to different constituent fabrics.
Section - 11 : Textiles and textile articles
- Chapter 50 : Silk
- Chapter 51 : Wool, fine or coarse animal hair; horsehair yarn and
woven fabric
- Chapter 52 : Cotton
- Chapter 53 : Other vegetable textile fibres; paper yarn and woven
fabrics of paper yarn
- Chapter 54 : Man-made filaments
- Chapter 55 : Man-made staple fibres
- Chapter 56 : Wadding, felt and nonwovens; special yarns; twine,
cordage, ropes and cables and articles thereof
- Chapter 57 : Carpets and other textile floor coverings
- Chapter 58 : Special woven fabrics; tufted textile fabrics; lace;
tapestries; trimmings; embroidery
- Chapter 59 : Impregnated, coated, covered or laminated textile
fabrics; textile articles of a kind suitable for industrial use
- Chapter 60 : Knitted or crocheted fabrics
- Chapter 61 : Articles of apparel and clothing accessories, knitted or
crocheted
- Chapter 62 : Articles of apparel and clothing accessories, not
knitted or crocheted
- Chapter 63 : Other made up textile articles; sets; worn clothing and
worn textile articles; rags
