The AEPC demanded that in the forthcoming fiscal year, the import tax on synthetic fibers be abolished.
Saksville, chairman of the Indian Apparel Export Promotion Association, submitted a memorandum of understanding to the Ministry of Finance. At present, India imposes a 5% tariff on imports of man-made fibers.
The Indian Garment Export Promotion Association also seeks duty-free import of specialized machinery for man-made fiber clothing.
The Indian Apparel Export Promotion Association demanded the abolition of artificial fiber tariffs and increased domestic consumption because of the global demand for man-made fibers throughout the year.
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