In order to boost the textile industry, India’s removal of chemical fiber import tariffs

According to foreign reports on February 21, in order to boost India's domestic textile industry, CITI recently said that it will lift the import tariffs on chemical fiber, cancel the anti-dumping duties, and consider maintaining the consolidated consumption tax on textiles at 4 %, therefore, the consumption tax on chemical fiber products will also drop to 4%.

CITI pointed out that although the consumption ratio of India's man-made fiber and cotton fiber was 41:59 in 2009/10, this ratio reached 60:40 in the global textile fiber material, indicating that global man-made fiber is dominated by textile fiber materials. consumption. At present, the proportion of Indian man-made fiber textile products in textile and apparel product exports is decreasing.

Auto Accessories

Auto Accessories,Auto Parts and Accessories,Aftermarket Auto Accessories,Auto Interior Accessories

Comfort Int'l Co., Ltd. , http://www.cigdecorative-fabric.com