NEW DELHI: Mr Anand Sharma, Union Minister of Commerce, Industry and Textiles, has announced that the benefits under the Duty Entitlement Pass Book (DEPB) for cotton yarn and cotton will be restored from April 1, 2011 and October 1, 2010 respectively.
Mr Sharma, said, “I have taken a composite review of the cotton and cotton yarn industry over the last few days. Both of these segments have faced huge fluctuation in the international and domestic prices. Clearly, the policy intention of the Government was not to dis-incentivise exports after that cut-off date.”
The exporters of cotton and cotton yarn will be able to claim input duty reimbursement under the DEPB scheme. Moreover, Centre has been keeping a strong check on the export of cotton and cotton yarn with the aim to stop the rising domestic prices that impacts the textile industry.
http://news.indiamart.com/story/depb-sops-restored-cotton-cotton-yarn-export-144226.html
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