Sponsored
    Follow Us:
Sponsored

Incentives for Textile Sectors

The Foreign Trade Policy-2009-14 incorporates several measures of incentives for the export sector including the textiles and clothing viz. Inclusion of 26 new international markets under the Focus Market Scheme; enhancement of incentives available under Focus Market Scheme and Focus Product Scheme; broad basing the coverage of Market Linked Focus Product Scheme for textile products and extension of Market Linked Focus Product Scheme benefits for exports of textiles and clothing products to additional new markets. The Duty Entitlement Passbook Scheme has also since been extended from 30.6.2011 to 30.9.2011.

The Excise Duty on branded readymade garments was converted from optional levy into a mandatory levy at unified rate of 10 per cent, is part of the Union Budget announcements on 28.2.2011. However, Government introduced certain modification on 24.03.2011 in the tariff structure for branded readymade garments and made-up articles of textiles whereby the tariff value notified under section 3 of the Central Excise Act for these items i.e. goods falling under Chapters 61, 62 and 63 (heading Nos. 63.01 to 63.08) has been reduced from 60% to 45% of the Retail Sale Price. The excise duty is to be paid on a reduced value that is 45% of the Retail Sale Price of the garment. The effective rate of duty is therefore, only 4.5% of the Retail Sale Price.

This information was given by Smt. Panabaaka Lakshmi, Minister of State for Textiles, in a written reply in the Rajya Sabha today.

Proposal for Scheme for Integrated Textile Parks

Government proposes to set up new parks under Scheme for Integrated Textile Parks (SITP). The proposals received are As below

S. No. Name of the Park Name of PMC
1 NSP Infrastructure Private Limited, Surat, Gujarat UPICO
2 Kejriwal Integrated Textile Park Pvt. Ltd., Surat, Gujarat IL&FS Clusters
3 Birla Integrated Textile Park Ltd.,Amravati,Maharashtra UPICO
4 Rainbow Integrated Texpark Ltd. Budhani, Madhya Pradesh Technopak
5 Indiabulls SEZ Textile & Apparel Park, Nashik, Maharashtra Technopak
6 Mewar Integrated Textile Park, Bhilwara, Rajasthan IL&FS Clusters
7 Himmada Integrated Textile Park, Balotra,Rajasthan Technopak
8 Kallappanna Awade Textile Park , Kolhapur,Maharashtra Magus
9 Cannon Integrated Tex Park Infra Private Ltd. Kathua, J&K IL&FS Clusters
10 Gujarat Eco Fashion Textile Park Limited, Surat, Gujarat IL&FS Clusters
11 Amravati Integrated Textile Park, Amravati, Maharashtra Technopak
12 Kagal industrial Textile Technology Park, Kolhapur, Maharashtra Technopak
13 Khed Textile Park, Pune, Maharashtra Technopak
14 Suryavanshi Integrated Apparel Park, Amravati, Maharashtra Technopak
15 Gulbarga Textile Park Ltd., Gulbarga, Karnataka IL&FS Clusters
16 Bangloi Integrated Textile Park, Dimapur, Nagaland Technopak
17 Prag Jyoti Textile Park Pvt. Ltd., Darrang, Assam Magus
18 Jammu & Kashmir Textile Park, Kathua, J&K IL&FS Clusters
19 Ksheerapuri Handloom Private Ltd., Chirala, Andhra Pradesh IL&FS Clusters
20 Rajasthan Integrated Apparel City, Bhiwadi, Rajasthan IL&FS Clusters
21 SABS Textile Park,  Mehbubnagar, AP IL&FS Clusters
22 Hosiery Park, Howrah ICICI Winfra
23 Natureone Properties Pvt. Ltd. Magus
24 Jaipur Kaleen Park Ltd., Dausa, Rajasthan IL&FS Clusters
25 Asiatic Co-op Powerloom Textile Park Society Ltd., Solapur, Maharashtra IL&FS Clusters
26 SLS Textile Park Pvt. Ltd, Bagalur, TN CS Architects
27 Pallavada Technical Textile Park Ltd., Chennai,TN CS Architects
28 GIDC Marsden Garment Park, Ahmedabad, Gujarat Technopak
29 Sundararao Solanke Coop Textile Park, Maharashtra Technopak
30 Ishaan Developers and Infrastructure Ltd, Amritsar, Punjab Magus
31 Neuro Properties Pvt. Ltd, Raigarh, Maharashtra Magus
32 Pradip Integrated Textile Park, Bhamsara Magus
33 SVG Integrated Textile Park Ltd ., Jhagadia, Bharuch, Gujarat Magus
34 Himachal Textile Park, Una, Himachal Pradesh CS Architects
35 Tuljai Textile Integrated Park Pvt. Ltd., Osmanabad, Maharashtra Magus
36 Suryalakshmi Apparel Park, Jadcheria, Mahbubnagar District, Andhra Pradesh Magus
37 Siddheshwar Textile Park, Karnataka Magus
38 Fabtech Integrated Textile Park Ltd., Sangola, Solapur, Maharashtra Magus
39 Vastraa Infratec Pvt. Ltd (Medak,AP) Magus
40 Ardham Logistics and Infrastructure Pvt. Ltd. (Ahmedabad, Gujarat) Magus
41 Great Asera Infrastucture Pvt. Ltd. (Wardha, Maharashtra), Arambakkam, Chennai Magus
42 Satyaraj Integrated Textile Park Limited (Kolhapur, Maharashtra) Magus
43 OM Sai Textile Park Pvt. Ltd (Karimnagar, AP) Magus
44 Uttrakhand Textile Park Private Limited (Haridwar) IL&FS Clusters
45 Maruti Hi-Tech Park Ltd.(Belgaum, Karnataka) Magus
46 Ahmedabad Integrated Textile Park Pvt. Ltd.(Ahmedabad, Gujarat) Magus
47 Lepakshi integrated Textile Park (Anantpura, AP) IL&FS Clusters
48 Tarkett Industries Limited, Raigad Magus
49 Koshal Handloom and Textile Ltd (Sonpur,Orissa) Magus
50 Bellary Grament Export Cluster Private Ltd. (Bellary) IL&FS Clusters
51 Edison Integrated Textile Park Pvt. Ltd. (Agartala,Tripura) Magus
52 Nagaland Hi-Tech Weaving Park Pvt. Ltd, Dimapur, Nagaland UPICO
53 SPML Tamil Nadu Integrated Textile Park, Annur, Coimbatore, Tamil Nadu IL&FS Clusters
54 Whitegold Integrated Spintex Park IL&FS Clusters
55 Shri Lakshmi Textile Park Kushal Global

The Technology Upgradation Fund Scheme (TUFS) has been restructured w.e.f 28.04.2011 and provides 5% Interest Reimbursement and 10% capital subsidy on processing units within scheme allocation of Rs 1972 crores. In addition, Government has sanctioned Rs. 200 Crore additional central assistance for establishing Zero Liquid Discharge at Tirupur in the year 2010-11 to Tamil Nadu Government.

This information was given by Smt. Panabaaka Lakshmi, Minister of State for Textiles, in a written reply in the Rajya Sabha today.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031