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Various Export Promotion Schemes Available for Textile Sector Firms in India

Name of the scheme: Interest Equalization Scheme

Purpose: This scheme was brought in with an aim to provide relief to the exporters from India who were facing extensive competition because of higher interest rates than competing countries like Vietnam, China etc.

With Effect From April 1, 2013 to July 31, 2014 August 1, 2013 to March 31, 2014 April 1, 2015 to March 31, 2020
Interest Subvention Rate 2% 3% 3%
Beneficiary Merchant exporters & manufacturers Merchant exporters & manufacturers Manufacturers
Sectors covered Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups Additional sectors: Fabrics, Coir & Coir Products, Jute & Jute Products

Name of the scheme: Duty Drawback Scheme

The scheme:

The scheme has come into force from November, 2015

Duty Drawback Rates

  When CENVAT is not availed When CENVAT is availed
Product 2014 2015 2014 2015
Cotton Yarn 2.8-4.7 2.5-4.5 0.9-1.3 1.2-1.4
Cotton Fabric 4.3-7.1 4.3-7.3 1.3-1.9 1.4-2.0
Man-Made Fabric 6.7-9.1 6.6-11.5 1.6-2.4 1.9-2.4
Apparel 7.4-9.9 7.2-10.5 1.7-4.0 2.0-3.5
Home Textiles 2.8-11.7 5.0-10.7 1.6-9.9 1.9-8.9

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