India's textile industry to the Cabinet a proposal to require a 2% increase in the duty drawback of the textile sector . ,print blankets
Despite this incentive would be contrary to the provisions of the WTO , but it will help to protect the textile sector 's competitiveness in the global market .
India Ministry of Textiles with the Treasury in the early contact , requiring a higher duty drawback .
However,Personalized blankets, the Ministry of Finance refused the request , reducing the incentive mechanism used as a raw material . In the last month ,customized blankets, the Ministry of Textiles to the Cabinet recommendations . duty drawback to moderate the impact of customs duties, central excise duty and service tax paid on the export of products .
Duty drawback is the prerogative of the Ministry of Finance , the Ministry of Finance 's decision to cut duty drawback .
Ministry of Textiles have a different view .
This is a formal discussion .
Ministry of Textiles has been submitted to the ministries to explain the requirements of the comments .