V.K.Makharia, Kolkata

It is a reality in India that most of the fabric manufacturers in India have to use Chinese silk yarn since the quality is better than the Indian silk. Chinese producers are majorly dependent on the Indian market for the sale of their yarns as well as fabrics and they subsidize the export to the extent of 15%. Under the circumstances, our expectations are as follows in the ensuing Budget’2010 as far as Export-Import Policy is concerned: Import duty on all types of silk yarn should be increased and make uniform. Minimum import duty on silk yarn should be 40% to neutralize the effect of 12% Chinese subsidy given to its exporters. To allow flexibility for import of any items of Silk out of the permissible inputs of SION J-123, J-124 & J-129 as alternative input. To suitably modify Para 4 of General Notes for Textile products. We trust the above points will be taken into consideration during the course of discussion with the appropriate authorities.

V.K. Makharia
Director
P.K. Textiles Ltd.
19, R.N. Mukherjee Road
Kolkata – 700 001
pktltd@hotmail.com