Textile Samachar
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Textile Samachar Weekly Textile Newspaper 27 March- 4 April 2018 Page-12 MRP-10/- Published & Edited By: Shatrughan Ram from SURAT Email: [email protected] Cell: 9327495467 Trivendra Singh India to export 65-70 lakh bales of cotton in 2017-18 Rawat discusses Source: Navhind Times shipment in April-May. bales have been shipped to ways to promote Bangladesh followed by 11 textile industry NEW DELHI: India will According to him, Indian lakh bales to Pakistan, 10 export 65-70 lakh bales of cotton exports would lakh to Vietnam, seven in Uttarakhand cotton in the ongoing cot‐ reach 65 lakh bales by lakh to China, 7 lakh to ton season 2017-18 (Octo‐ May-end as Bangladesh, Indonesia and Taiwan, and Source: he Economics Times ber-September) amid ag‐ the world's largest cotton 3 lakh to other countries gressive demands from importer, does not have including Sri Lanka, Tur‐ Uttarakhand: Chief minis‐ neighbouring countries ter Trivendra Singh Rawat like Bangladesh, Pakistan on Monday met represen‐ and China, said an official tatives of the Apparel Ex‐ on hursday. port Promotion Council (Government of India) at Atul Ganatra, President, s t a t e s e c r e t a r i a t i n Cotton Association of In‐ Dehradun and discussed dia (CAI), said that apart the ways to promote tex‐ from the neighbouring tile industry in Uttarak‐ countries, India has also hand. been receiving demands for cotton from several CM Rawat underlined the other countries, including need for creating job op‐ Vietnam, Indonesia and portunities for the youths. Turkey. According to a press re‐ lease issued by the Uttark‐ According to the CAI, In‐ hand' Information and dia had exported 63 lakh Public Relations Depart‐ bales of cotton last year. ment, the state govern‐ Each bale has nearly 170 ment has planned to en‐ kg of cotton. courage small industries in hilly ar .. Foreign buyers are inter‐ ested in sourcing cotton Read more at: from India as they ind it much of its own produc‐ key and hailand, among //economictimes.india‐ cost effective and less ex‐ tion and its spinning mills others," the CAI chief told times.com/articleshow/ pensive in comparison to largely depend on imports. IANS. 63583154.cms?utm_‐ other countries, said source=contentointerest& Ganatra. India has already "In the early six months of In case China's demand utm_medium=text&ut‐ shipped nearly 53-55 lakh this cotton production and shits from the US to m_campaign=cppst bales in the current season marketing season 2017-18 India, its largest supplier, it and contracts have been (October-March), India will be a win-win situation signed for another 8-10 has sold 55 lakh bales of for both cotton growers lakh bales scheduled for cotton, of which 17 lakh and suppliers as the prices of Indian cotton will move CBIC issues refunds sanctioned equal to Rs. TIRUPUR: he job work‐ up, he said. 5,510 crore by end of this ing power loom units' of Rs 17,616cr iscal. owners have urged the "But at present China has under GST He said that as per the lat‐ central and state govern‐ huge stocks in its govern‐ Source: UNI est available data 1,61,325 ments to waive off their ment vault for current refund applications have bank loans as the govern‐ year's consumption, there‐ New Delhi: Government been iled in FORM GST ments had failed to ensure fore, it will not source has issued total Rs 17,616 RFD-01A on the common that the right weaving much. However, by the crore of refunds under p or t a l, in w hich an charges reached them. end of season, India's cot‐ GST along with approving amount of Rs. 17,471crore Ironically, even now, most ton exports to China may 90 per cent of IGST eligi‐ has been claimed. Of of the master weavers (tex‐ touch 10 lakh bales," ble claims. these, 60,183 refund ap‐ tile manufacturers) were Ganatra added. Brieing media persons on plications are in relation to providing the weaving Monday, Finance Secre‐ zero rated supplies, in charges which were ixed he CAI had pegged In‐ tary cum Revenue Secre‐ which an amount of Rs. as per a common contract dia's cotton crop at 362 tary, Hasmukh Adhia said 14,649crore has been signed in 2011 between lakh bales for 2017-18 in that the efforts of the min‐ claimed. Taxpayers are re‐ them and the job working its monthly report on istry was very successful. quired to submit a copy of units. While two rounds of March 9, 2018, down ive He said, "he success of these RFD-01A applica‐ talks held between both lakh bales from the previ‐ these efforts is visible in tion to the jurisdictional the parties, before labour ous month as pink ball the amount of refunds tax office, along with all department authorities, worms infestation and dry sanctioned during this pe‐ supporting documents. failed, the job working weather caused severe riod. By the end of 31st However, only 26,620 re‐ unit owners are worried damage to the cotton crop March, 2018 another Rs. fund applications (out of that the banks concerned this year in the Maharash‐ 4265 crore IGST refund 1,61,325 applications) have were putting pressure/tak‐ tra and Telangana regions has been sanctioned in the been actually received in ing stringent ac tion - the two key cotton pro‐ refund fortnight taking the the Central or State tax of‐ against loan defaulters. ducers in India. total tally to Rs. 9604 ices. Of these, 17,734 ap‐ crore. Total 2,73,017 Ship‐ plications have been dis‐ As a part of their protest, As per the Association es‐ ping Bills with the pay‐ posed off. Of the total more than 400 job work‐ timates, the consumption ment of IGST have been amount claimed of Rs. ing unit owners took part of local mills is 330 lakh iled by the exporters till 17,471 crores, an amount in a mass petition submit‐ bales. Taking into account 31st January, 2018." of Rs. 8,012 crores has al‐ ting stir at Tirupur district the export igure of 65-70 As per data provided by ready been sanctioned (Rs. collectorate on Monday. lakh bales, the aggregate Dr Adhia, the number of 5,510 crore by Centre and According to the associa‐ demand works out to Shipping Bills disposed of Rs. 2,502 crore by States). t i o n , c o l l e c t o r K S nearly 400 lakh bales. till 31st March, 2018 is Read more at http:// Palanisamy assured them 2,28,829 which is about 83 www.uniindia.com/cbic- that he will recommend As for the supplies, it is per cent of those Shipping issues-refunds-of- the banks not to pressurize pegged at 412 lakh bales, Bills iled till January end. rs-17-616cr-under-gst/ the loan defaulters at least with 362 lakh bales of the he eligible IGST claims business-economy/news/ for next three months. current year's production transmitted by GSTN to 1186948.html#DDT71pj‐ and 30 lakh carry-forward Customs of the period till wObOO981F.99 More than two lakh job bales, while imports are 31st January, 2018 are of working power loom units expected to be around 20 Rs 10,720 crore, out of were in the operation in lakh bales. Hence, the which Rs 9,604 crore have Waive off bank Tirupur and Coimbatore, closing stocks would be been sanctioned which is especially distributed in around 12 lakh bales. about 89.6 per cent of loans, ensure new Somanur, hekkalur and those eligible claims trans‐ contract for Palladam areas. he mas‐ mitted by GSTN. weaving charges: ter weavers would supply Advertise Here As regards to ITC yarns to the job working refunds, Rs. 1,136 crore Power loom units units and provide weaving has been sanctioned dur‐ charges per metre to them. ing the special drive mak‐ Source: TOI he charges would vary ing the total igure of ITC based on the varieties. step in 2015. and Customs (CBIC) on 2,73,017 shipping bills Every three years, the Monday announced the with the payment of IGST master weavers and the R Devathammal, the disbursal of Rs 17,616 have been iled by the ex‐ job working units should mother of the deceased crore worth Goods and porters till January 31, enter into a contract on Murugesan, told TOI: "he Services Tax (GST) re‐ while the number of ship‐ weaving charges. Ater the unit of her son was contin‐ funds to exporters, along ping bills disposed of till contract was signed before uously incurring loss, with the approval of nearly March 31 is 2,28,829 (83 the government authori‐ mainly due to the inade‐ 90 percent of IGST claims. percent of the January ties in 2011, the master quate weaving charges giv‐ bills). weavers provided the en. With Rs 18 lakh loan Addressing a press confer‐ charges as per the contract default in a nationalized ence here, CBIC Chair‐ Meanwhile, eligible IGST but later they started re‐ bank, Murugesan succeed‐ manVanaja Sarna noted claims transmitted by the ducing the charges claim‐ ed in suicide bid in third that the disbursal was pri‐ GST Network (GSTN) to ing that cloth market had attempt. Now, her family marily a result of the re‐ customs of the period till been hit. It took lots of was struggling to save a cently concluded refund January 31 are of Rs struggles to bring on the two-acre property from fortnight which was held 10,720 crore, out of which contract in 2014 as the being auctioned by the from March 15 to 31.