|
iii) |
To include the powerloom sector in the Thrust
Sectors identified in the FTP for sectoral initiatives |
|
iv) |
Simplified procedure for availing
assistance under the Market Access Initiative/MDA scheme |
|
v) |
Import Export Code |
|
vi) |
Renewal of RCMC in advance to the
date of its expiry |
|
vii) |
Liberal action where export
proceeds not received in time |
|
viii) |
Liberalisation of imports of
secondhand capital goods |
|
ix) |
Drawback under DEPB |
|
x) |
Simplification of Procedures |
|
xi) |
Transferrability of Advance
Licence |
|
xii) |
Fulfillment of export obligation
under EPCG by block years |
|
xiii) |
DEPB needs to be granted on the
basis of FOB and not on PMV |
|
xiv) |
Issuance of Certificate of Origin |
|
xv) |
Restoration of original DEPB rates |
|
xvi) |
Continuation of DEPB scheme
|
| c) |
The Govt. had announced a Foreign Trade Policy
on 1st of
September, 2004 for the year from 1st of
September, 2004 to 31st of
March, 2009. The highlights of the same had been circulated to all members.
|
| V) |
BUDGET PROPOSALS
|
| (a) |
The Council had once again submitted its
suggestions for incorporation in the budget proposals for the year 2004-2005, as the new
Government had come into existence and announced new Budget in the month of July, 2004.
The same had been forwarded to the Ministry of Finance as well as Ministry of
Textiles.
|
| (b) |
In the new budget announced for the year
2004-2005, it has been decided by the Government to remove CENVAT on powerloom textiles.
|
| (c) |
A detailed note
with regard to suggestions for inclusion in the budget proposal
for the year 2005-2006 was submitted to the Ministry of
Textiles. The major suggestions included are ;
|
|
(i)
|
Reduction in customs duty on yarn
& raw cotton
|
|
(ii)
|
Reduction in excise duty on
synthetic yarn
|
|
(iii)
|
Remission of service tax on goods
exported
|
|
(iv)
|
Restoration of 80 HHC
|
|
(v)
|
Income tax benefit under 80 HHC on
sale / transfer of DEPB
|
|
(vi)
|
Measures by RBI to stall
appreciation of rupee
|
|
(vii)
|
Early announcement of extension of
concessional interest rate on export credit.
|
|
(viii)
|
Excise duty exemption on diesel
under excise rule no. 19(II)
|
|
(ix)
|
Value
added tax
|
| (d) |
A
detailed Memorandum on the Shortcomings of the Budget Proposals
and other issues afflicting exports was submitted to Shri
Shankersinh Vaghela, Hon’ble Minister for Textiles for meeting
on 19th of July, 2004 at New Delhi.
|
|
VI) |
CENVAT
|
| (a) |
A
representation was made to the MOT regarding difficulties
experienced in getting necessary facilities under the Central
Excise rule 19(2). The difficulties faced are outlined
hereinbelow ;
|