: Apparel exporters urge Centre to clear imports from China #FinanceIndia #StockMarketNEWS Apparel exporters urge Centre to clear imports from China New Delhi, Jun 27 (KNN) The Indian Apparel Industry,
@StockMarketNEWS Sun 28 Jun, 2020
Apparel exporters urge Centre to clear imports from China #FinanceIndia #StockMarketNEWS
Apparel exporters urge Centre to clear imports from China New Delhi, Jun 27 (KNN) The Indian Apparel Industry, which saw respective decline of 91% and 66% exports in April and May 2020, have sought the Government’s support in expediting the clearance of import consignments from China saying the undue delay is impacting their operations and might result in further financial losses.
“Lately, Customs Authorities at several ports are doing 100% examination of goods originating from China, Hong Kong and Taiwan. This has created undue delay in clearance of imported shipments of inputs which are meant for manufacture of garments for exports,” Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel said in a letter to Central Board of Indirect Taxes and Customs (CBIC) Chairman M Ajit Kumar.
“It is affecting factory operations as inputs are held up at ports and exporters are in fear that they will fail to meet the delivery schedule,” Dr Sakthivel said.
The Chairman said that the business was gearing up to get back to the normal after the relaxation of lockdown in India and other foreign countries, however, the recent delay in clearing the import consignments from China was adding to the crisis.
The Apparel Industry is dependent on several inputs that are domestically not available or as per the buyers’ nomination has to be imported. So far, such imports were subject to random and partial checks only, the AEPC letter explained.
“The situation at all airports and seaports at Mumbai, Delhi, Chennai, Bengaluru, Kolkata, Tuticorin and others is precarious as there is inordinate delay caused on all import consignments which are held up due to 100% open examination by Customs, who are not processing the documents for the shipments originated from China, Hong Kong and Taiwan,” Dr Sakthivel said.
The Council has requested the government to urgently intervene in the matter to expedite the process of clearing the shipments of inputs which are held up at ports or going through 100% inspections.
“Special priority should be given to manufacturer exporters who are dependent on these imports to service their export orders,” Dr Sakthivel added.
Stock Market News & Best Intraday tips & Stocks near support
More posts by @StockMarketNEWS
: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Oil gas stocks gain led by BPCL, IOC; ONGC, HPCL jump 3-4percent IT stocks rally
@StockMarketNEWS Fri 26 Jun, 2020
: Deadline for linking PAN with Aadhaar extended till March 31, 2021 #FinanceIndia #StockMarketNEWS Deadline for linking PAN with Aadhaar extended till March 31, 2021 New Delhi, June 25 (KNN) The Central
@StockMarketNEWS Thu 25 Jun, 2020
0 Comments
Sorted by latest first Latest Oldest Best
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news stock intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © MoneySIP.com2024 All Rights reserved.