| GOVERNMENT REGULATIONS |
| Government to abolish fees for garment export quota endorsement | |
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In
a bid to simplify the procedure for export of garments to non-quota countries
and that of non- quota items to quota countries, the Union Commerce
Ministry has decided to do away with the requirement of such quotas by
the Apparel Export Promotion Council (AEPC). |
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| The
council chairman Mr. Raju Goenka said, "We have decided to do away with
the fees for such quota endorsement and AEPC may have to lose revenue
of around Rs. 5 crores annually on this account". He, however, said
that "we have requested the ministry to continue endorsement by the council
till customs are fully equipped to provide latest data on actual exports".
This would help monitor quota utilisation. |
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| Exporters
and Manufacturers Association. |
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| "The
government decision will substantially help exporters to cut down paperwork
and reduce delay in exports", Mr. Amit Goyal, president of the Confederation
of Indian Apparel Exporters, said. This is a welcome step to remove
unnecessary controls on exports, said Mr. Madan Jain, president of All
India Garment |
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They
feel that the council may raise issues and come out with explanations
for not removing their authority on export quota. Mr. Goyal argues that
it is not mandatory for exporters to get certificate of origin from
their councils.
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