Duty-free apparel import quota from Bangladesh raised
30/05/2011 209
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New Delhi, May 27 (PTI)
The government has increased the duty-free import quota for garments from Bangladesh by two million pieces to 10 million.
India provides duty exemption on apparels imported into the country from Bangladesh under South Asian Free Trade Area (SAFTA) agreement.
"In respect of articles of apparel and clothing accessories... the exemption shall apply to a quantity of imports, not exceeding 10 million pieces, computed from the 1st day of January in a calendar year," a notification of the Revenue Department said.
Earlier, in April, 2008, India had allowed the import of 8 million garment pieces from Bangladesh at zero duty.
Commerce and Industry Minister Anand Sharma had announced an increase in the quota during his visit to Dhaka last month.
May 27th, 2011
Source: ptinews.com
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