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Silk apparel export incentives cut
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Lump sum refund of taxes paid on inputs is provided under a scheme called Duty Exemption Pass Book (DEPB) scheme. Exporters of silk apparel get a credit equivalent to 15% of FOB value of their exports in their DEPB accounts, which they can use for paying customs duty on imports of any and all products. This credit is also transferable. An exporter holding a DEPB credit of Rs. 1 million can sell it to an importer of any and all products and the importer, in turn, can use the credit for paying customs duty on his imports.
However, the government has fixed the upper limits on FOB value in ...
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CHINA DROPS LICENSE REQUIREMENT FOR SILK GARMENTS SHIPPED TO U.S.
Magazine article from: WWD
; ...week that it will no longer require its silk apparel makers to obtain export licenses to...the U.S. would no longer require that silk apparel imported from China be accompanied by...allow the goods to leave. Quotas on silk apparel traded by all World Trade Organization...
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'Don't target China silk': importers. (tell Bush Administration trade panel)
Magazine article from: Daily News Record
; WASHINGTON (FNS) - Low cost silk apparel and other consumer goods from China...The list products includes selected silk apparel, including men's shirts, with a wholesale...months of this year, $92 million worth of silk apparel on the list has been shipped. One common...
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Silk and leather industry joins outcry on China duties.
Magazine article from: WWD
; ...Tuesday. Over $100 million of orders for silk apparel are outstanding for delivery in the...percent tariffs on imports of Chinese silk apparel, leather products and footwear in retaliation...impossible to replace China as a source of silk apparel, since it now accounts for about 55...
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U.S. getting ready for $5.1M chargeback on China quotas. (due to alleged apparel transshipments)
Magazine article from: WWD
; ...will continue to issue export visas for silk apparel shipped to the U.S., averting a situation...talks, China agreed it will issue the silk apparel export visas required by the U.S., even...incentives for misclassification of silk apparel and it agreed visas will be issued...
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China duties would crush firms: execs. (imposition of duties on Chinese imports would endanger American silk and leather apparel firms according to textile and apparel executives)
Magazine article from: Daily News Record
; ...percent tariffs on imports of Chinese silk apparel, leather products and footwear in retaliation...impossible to replace China as a source of silk apparel, since it now accounts for about 55...cause one third of the association's silk apparel member firms to go out of business ...
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More predictions of doom, bankruptcy heard at China sanctions hearings.
Magazine article from: WWD
; ...threatened sanctions cover virtually all silk apparel from China, concluded his firm would...members of the newly formed National Silk Apparel Dealers Association -- rejected a suggestion...prodded the executives to say which silk apparel would be hurt less by sanctions. They...
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Silk apparel makers to battle China sanctions. (The National Silk Apparel Distributors)
Magazine article from: WWD
; NEW YORK - Silk apparel manufacturers are joining forces...formed a group called The National Silk Apparel Distributors, which plans to wage...about 36 percent Of his business in silk apparel - compared with companies that do...
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Silk apparel importers form group. (Silk Apparel 301 Group composed of silk apparel manufacturers) (Brief Article)
Magazine article from: Daily News Record
; NEW YORK -- Silk apparel manufacturers banded together Tuesday to combat the imposition of sanctions on silk garments imported from China. The group, called Silk Apparel 301 Group, was formed under the auspices of the USA-ITA, an importer...
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Silk apparel makers fight China sanctions.
Magazine article from: WWD
; NEW YORK -- Silk apparel manufacturers banded together Tuesday to combat the possible imposition of sanctions on silk apparel imported from China. The group, called Silk Apparel 301 Group, was formed under the auspices of the...
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Uncertainty over sanction threat for silk merchandise from China. (impact on silk imports unclear after U.S. threatens China with trade sanctions over illegal copying of products)
Magazine article from: WWD
; ...imports, analysts are uncertain whether silk apparel, a past target of such action, would...planned. U.S. import duties on Chinese silk apparel average 6 to 10 percent; for hosiery...punitive U.S. duties, in addition to silk apparel, reportedly include shoes, luggage...
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