TEXPROCIL NEWS LETTER Vol. I. Issue No. 18 DATED 30th ...

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TEXPROCIL E-NEWSLETTER, SEPTEMBER 30, 2013 PAGE 1.

Dear Friends,On the last day of September, the Council held its 59th Annual General Body Meeting (AGM). It gave us an opportunity to reflect on the year gone by &take stock of the emerging situation in our sector.Cotton Textile exports are amongst the fastest growing items in the Textile basket having reached a level of US$9.9 billion in the fiscal year 2012-2013.Considering the impressive performance in the previous year, we have taken a target of US$12 billion in the fiscal year 2013-2014.It is our belief that this target can not only be achieved but also surpassed, if we repose adequate faith in ourselves. As mentioned in the Chairman’s Speech at the AGM, we need to have

a focused s t r a t e g y aimed at systematically increasing our market share in countries where we do not suffer tariff disadvantages. At the same time we need to internalize the competitive strength of our industry and confront the World Markets with greater confidence. We need to create a positive image of our industry to attract investors, gain mind-space amongst our policy makers & retain the confidence of our Buyers. A concerted effort on the part of all of us can help achieve this objective enabling the all round development of our vast & complex value chain, which at every stage generates 30%

Volume I. Issue No. 18. September 30, 2013

E-NEWSLETTEREdited & Published by:

Siddhartha RajagopalEditorial Team

N. Ravindranathan, Rajesh Satam, A. Ravindrakumar, Shailesh Martis,

Sanjay Rane, R. Venkatesh Ideas & contributions are welcome at:

[email protected] & Publishing Office at :

The Cotton Textiles Export Promotion Council Engineering Centre, 5th floor, 9, Mathew Road,

Mumbai – 400 004. India. Tel: +91 22 23632910 to 12 E-mail: [email protected]

DisclaimerTEXPROCIL E-Newsletter, fortnightly edition, is the sole property of Texprocil – [owners] The Cotton Textiles Export Promotion Council. The views and opinions expressed or implied by contributions - compiled by the editorial team are those of the authors and do not necessarily reflect those of Texprocil, Editorial Team or the Publisher. Unsolicited articles and transparencies are sent in at the contributor’s risk and the owners accept no liability for loss or damage. Subscription to this e-newsletter shall be available on the condition that no content be reproduced whether in part or full or distributed without prior written consent of the owners.

(For private circulation only)

INSIDE THIS ISSUE

CHAIRMAN’S MESSAGE

& 2 : CHAIRMAN’S MESSAGE

COVER STORYPage 3 : INDIA TRADE FAIR DUBAI

TRADE ENQUIRIESPage 4 : INDIA TRADE FAIR DUBAI

SPECIAL FEATUREPage 5 : Mexico: Textile & Apparel Trends

COUNTRY REPORTPage 6 : India & Mexico: T&C Trade

TRADE NOTIFICATIONPage 7 : Govt. Notifications & Circulars

Page 8 : Membership Subscription Renewal

* * * * * * * TEXPROCIL’s 59th AGM was held on 30th September 2013 in Mumbai & was attended by the leading Textile CEOs, C o m m i t t e e Members, Past Chairmen and Media & Press.* * * * * * *

COVER STORY INDIA TRADE FAIR DUBAI

CHAIRMAN TEXPROCIL addressing the 59th Annual General Meeting of the Council


PAGE 2. TEXPROCIL E-NEWSLETTER, SEPTEMBER 30, 2013

DearMembers, Here’s Wishing you All... HAPPY NAVRATRI FESTIVAL 2013

SEASON’s Greetings : TEXPROCIL TEAM

surplus production. Recognizing the ability of each segment of the value chain to export its production in an atmosphere of “Free & Fair Trade” will be the first step in our quest for becoming world beaters.The last week of September also saw the Government issuing a Notification withdrawing certain benefits given under the Focus Market Scheme & Incremental Export Scheme to Cotton Yarn. This came as a surprise, as there is no justification to treat a manufactured product like Cotton Yarn on par with products like Onions & Iron Ore & even for that matter Cotton! On receiving the Notification we immediately contacted the DGFT, Secretary(Commerce), Secretary(Textiles), who all assured that the matter will be rectified as there was confusion as to whether Cotton Yarn which was under a Registration Program was also a restricted item. The matter was also taken up by me personally with the Hon’ble Minister of Textiles who also assured full support in resolving the issue.

Friends, as we write this Column we are hopeful that the benefits will be restored, at the earliest.At the first meeting of the Committee of Administration after the AGM I was re-elected as Chairman of the Council, for which I am grateful to all our members. Along with me, our Deputy Chairman Shri RK Dalmia & Shri Ujwal Lahoti Vice- Chairman, were all also re-appointed for a second term.All of us undertake to rededicate ourselves to the task of excelling in our export promotion efforts in the coming year. We have drawn up an ambitious program of organizing 20 events in markets identified on the basis of detailed analysis of market data.Our sincere request to all our members is to participate in these programs in larger numbers so that the entire range of India’s textile products can be displayed in all their grandeur in International Fairs & Exhibitions.Friends, we also had an election to the Committee of Administration

after a long time. As our Deputy Chairman observed while proposing the Vote of Thanks at the AGM, the elections were fought in a cordial manner, for which all the candidates & voters deserve our sincere thanks.The Council also successfully organized E-Voting, thereby becoming one of the very few Council’s to do so. Efforts of all concerned in making this platform succeed needs to be applauded. I am sure in the coming years, if & when, elections are held again, members will make greater use of this facility.Finally Friends as the Monsoon fades away & we enter the festive season, we can look forward to a good cotton crop & higher sales. With the economies of Europe & USA also showing positive growth &demand from China remaining steady, all of us should report better results in the remaining quarters of the current fiscal year.

Manikam Ramaswami Chairman

59th ANNUAL GENERAL MEETING OF TEXPROCIL contd. from pg.1

CHAIRMAN’S MESSAGE

EServ Notification No .: 088 of 2013 Dated : 03-10-2013 No. EPS/CIR/16/2013-14Sub : Interactive Meeting with exporters in Karur on October 7, 2013 ( 11.00 a.m to 1.00 p.m )

Dear Member,As you are aware, there are many Policy amendments effected by the Government in recent times. 3% Duty Scheme under the EPCG Scheme have been merged with Zero duty Scheme, Post Exports EPCG Duty Scrips have been made operational, the list of Countries & Products have been increased under the Focus Market Scheme and Focus Product Scheme respectively, New Drawback rates have been announced, the Incremental Exports Incentive Scheme have been modified, TUF Scheme have been extended etc. In order to address Member queries on various policy amendments and to have a thorough understanding of these changes to improve the competitiveness of exports, TEXPROCIL invites you at an interactive meeting in Karur.For further information regarding Venue, Time, etc please write to us on email [email protected] / [email protected] .Regards,

Siddhartha RajagopalExecutive Director - TEXPROCIL



On recommendation from the Ministry of Commerce & Industry , Government of India and as part of its strategy of developing and promoting exports of Cotton textiles in UAE , the Council participated in the Indian Trade Fair Dubai 2013. The event which was jointly organized by Silver Star Corporation L.L.C , Oman and Orion Silver Star Exhibition Organizing L.L.C.Dubai was held at the Inter Continental Hotel in the Dubai Festival City from September 3 to 5, 2013.

TEXPROCIL participates in Indian Trade Fair Dubai 2013COVER STORY

About Indian Trade Fair Dubai 2013

ITF Dubai 2013 was a multi product exhibition and about 100 Companies had participated through various Export Promotion Councils like CHEMEXCIL, EEPC, etc . and other bodies / associations .

Participation of members through the Council

11 Companies who are members of the Council had participated in the exhibition out of which 7 companies had booked a stall of 9 sq.mtrs each . The Council had booked one stall in which samples of 4 Companies . The samples included cotton fabrics , towels , Cushion covers and shopping bags .

The Council’s stall attracted reasonable number of visitors . The inquiries received for these products have been forwarded to those members who had provided samples . Some visitors had sought clarifications on the Investment opportunities in India, FDI Rules, Government Policies etc. The Council’s representative provided the required information to such visitors.

Visit of officials from the Indian Embassy to the Council’s stall

The Indian Ambassador in UAE , Shri M.K. Lokesh had visited the Council’s stall and the stalls of all the exhibitors from the Council. The Council’s representative explained the Ambassador regarding the current exports of Cotton textiles to UAE, its potential, export targets

fixed by the Govt etc. The Ambassador also had a look at the samples displayed at the Council’s Stall .

Feedbacks from the Exhibitors

All the exhibitors had reported to have established fruitful contacts with potential buyers. Some of them have reported to have got export orders .

Opportunities for Indian Cotton Textiles in UAE

UAE is the 6th largest export destination for Cotton textiles from India . Further, India is also the second largest supplier of Cotton textiles to UAE next to China.

India exported Cotton textiles to the tune of US$ 360.74 Million in 2012-13 as under :

Commodity US$ Million

Cotton Yarn 19.28

Cotton Fabrics 117.67

Cotton Made ups 222.63

Raw Cotton 1.16

Further , Bilateral trade between India and UAE has been steadily growing over the years . Both the sides are striving to further strengthen these ties for mutual benefits.

India’s exports to the UAE are well diversified and textiles is one of the major items being exported from India to the UAE.

Conclusion

UAE is an important and growing market for Cotton textiles . Considering the fact that UAE is the second largest market for Indian Cotton fabrics and the 4th largest market for Cotton Made ups , the Council is participating in the INDEX , Dubai UAE in the month of May 2014. :: TEXPROCIL ::



INDIA TRADE FAIR DUBAI (3rd to 5th September 2013)

TRADE ENQUIRIES

Trade Enquiry received at the Council’s stall at India Trade Fair, Dubai - 3-5 September, 2013

Sr.No. Contact Name, Company Name & Company Address Telephone / Fax E.mail/Website Items of Interest /

Remarks1 Champions FZE

Ajman – UAE

Contact Person : Remya V Nair

Mobile :

+971 529 221460

+971 505 089961

E-mail : info@ championsdeals.com

Web : www.championsdeals .com

Cotton Bed Sheets, Bed Spreads &

Bed Covers, Dress Materials.

2 Al Finar General Trading Co. L.L.C. P.O. Box : 184669 Al Muteena Road, Deira, Dubai, UAE Contact Person : Finar Kh. Aziz Managing Director

Tel. : +971 4 269 5661

Mobile : +971 50 8540299 +971 55 2000802

Fax : +971 4 269 5662

E-mail : [email protected]

Denim Fabrics.

3 Olympia P.O. Box 13821, Dubai, UAE, Off# 404-405, Platinum Business Centre, Baghdad Street, Al Nahda 2, Dubai, UAE Contact Person : Maurizio Dalco Brand Manager

Tel : +971 4 2344026

Mobile : +971 566785560


Terry Towels,

Fitness Towels .

4 Techorbit P.O. Box : 20652, Dubai, UAE Contact Person : Basheer V.P Sales Manager

Tel : +971 4 258 7000

Mobile : 055 9900927

Fax : +971 4 258 6600


Web :

www.techorbit.net

Cotton Bed Sheets, Lungis, Towels, Tissue Paper .

5 Yousuf Bastaki Trading LLC P.O. Box : 21856, Dubai, UAE Contact Person : M.A. Shahul Hameed Managing Director

Tel : 04-2239697

Mobile : 050-6251860 055-9725595

Fax : 04-2289470


[email protected]

Rayon Embroidery Thread.

6 Dalil. Co Al Medan Mosque St. Aleppo – Syria P.O. Box : 144

Contact Person : Anwar Dalil General Manager

Tel : +963 21 4442681

Mobile : +963 94 4349222

Fax : +963 21 4643418

E-mail :

[email protected]

Web :

www.dalilco.net

Denim Fabrics.

7 Infinity Trading L.L.C. P.O. Box 241 596, Dubai, UAE

Contact Person : Shaarif Siddiquui Director

Tel : +971 4 358 5237

Mobile : +971 55 1627777

Fax : +971 4 358 529

E-mail : [email protected] [email protected]

Web : www.infinitytrading.com

Workwear,

Fabrics for School Uniforms,

Towels.

8 Abu Humaid Trading Co. L.L.C. P.O. Box : 30442, Dubai, UAE

Contact Person : Abbas Dalal Managing Director

Tel : +971 4 227 86 45

Mobile : +971 554587703

Fax : +971 4 227 87 22

E-mail :

[email protected]

Safety Wear.

9 Celeste Industries LLC Ali Al Hashemi Trading Est building, Beside ACE, Showroom # 4, 364-4 Shaikh Zayad Road, Dubai, UAE

Contact Person : Seraj Ahmed Manager, S&M

Tel : +971 4 8852528

Mobile : +971 50 4533263

Fax : +971 4 8852529

E-mail : [email protected] [email protected]

Web : www.celestemattress.com

Flame Retardant Fabrics,

P/C Fabrics,

100% Cotton Fabrics,

Jacquard Fabric.

10 Elegance Shades & Décor P.O. Box : 23360, Dubai, UAE

Contact Person : Amit M. Kewalramani Manager –Window Covering & Soft Furnishing

Tel : +971 4 3241860

Mobile : +971 56 6047593

Fax : +971 4 3242132


Web : www.eleganceshades.co.uk

Cotton Curtains,

Bed Sheets & Bed Covers

Note: Members are advised verify the credentials of the above contacts before entering into a financial or contractual obligations



TEXTILE & APPAREL TRENDS IN MEXICO

SPECIAL FEATURE

Barriers crumbleThe Swedish clothing retailer H&M’s arrival is not all good news for local producers as it had been kept out of the market by the high tariffs Mexico imposed on Chinese clothing and shoes in 2001, when China joined the World Trade Organisation and Mexican producers became concerned about low-cost competition. China and other Asian producers account for 80% of H&M’s suppliers, while Zara is more reliant on European producers and Levi produces locally.But the WTO has since forced Mexico to drop the barriers, with tariffs falling by 20% in 2011. As a result, legal imports of Chinese clothes increased by 20% last year, while illegal arrivals rose by up to 4%. China now accounts for more than half of all Mexican clothing purchases, claim trade associations, which want to see the government take action against illegal imports.That seems unlikely, in a country where organised crime remains strong. In the meantime, however, Mexico’s textile producers – many of which are small businesses – are trying to see off their low-cost rivals by focusing on quality and design. Canaive, a trade association, is pushing President Enrique Peña Nieto to create a national centre for innovation in fashion and textile production. Local clothing retailers, too, need a strategy to see off competition from the low-cost fashionable products sold by H&M. Mexico’s biggest clothing chain is the 70-year old Milano chain, which expanded on the back of an international private equity investment to become the market leader with 400 stores and 6,000 employees. Last year it was bought out by Mexican textile producer Kaltex, which hopes to use vertical integration to boost margins. Milano is positioned firmly as a discount retailer, which means that the low-cost supply question is crucial to its offering.In the end, though, retailers of all nationalities, as well as local producers, are counting on the much-needed economic reforms that Mr Peña Nieto is promising. GDP growth should help

to drive consumer spending, while tax reforms could lure people back into the formal economy. At the moment, though, consumer confidence remains fragile, with Mexicans concerned that the recovery will not last. The country’s textile producers have similar concerns. Economic and demographic factors have converged to propel Mexico’s financial growth and attract new commercial pursuits within the country. According to The Economist, Mexico may be one of the ten biggest economies in the next decade. Projections also indicate that Mexico may outpace Brazil to become the largest economy in Latin America within the next 15 years1. Mexico’s steady economic growth, youthful population, and striving middle class, estimated between 30% to 74% of the population, are defining economic traits that can help make this prediction a reality.Recent inroads into the Mexican apparel market by foreign retailers such as American Eagle, Gap, and H&M reflect significant movements to garner consumer brand awareness and loyalty in this expanding apparel market. Cotton Incorporated’s Mexican Consumer Survey, a study of shoppers in Mexico City, exposes a confident consumer base that enjoys clothes shopping, favors quality apparel, and has distinct preferences, influences, and expectations.Apparel Shopping and InfluencesThree out of four Mexican consumers say they either love or enjoy shopping for clothing and also say that they shop for clothes once a month or more. Similar to their counterparts around the world, Mexican women are significantly more likely than men to love or enjoy clothes shopping, shop for clothes once per month or more often, and adopt style changes more quickly. As socio-economic level (SEL) increases, fondness for clothes shopping, frequency, and fashion forwardness rise. Conversely, these consumer shopping behaviors decrease as age increases. While clothes shopping affinity and

frequency are high among Mexican consumers, few are quick to adopt the latest trends. In fact, only 35% of consumers describe themselves as fashion-forward. Given that the majority of shoppers do not consider themselves to be fashion-forward, a retail strategy that includes a strong clothing basics offering may help optimize sales. At the same time, the success of fast fashion retailers like Zara, in recent years, points to a market that may be yearning for more fashionable offerings. In Mexico, consumers are most likely to draw inspiration for their clothing purchases from traditional media sources. Shoppers say that television and magazines are most influential on their thoughts about clothing. In contrast, consumers in Brazil, Colombia, and the U.S. are more likely to get clothing inspiration from people they know and styles they see in retail stores. In this consumer landscape, retailers and brands may enjoy a more favorable direct link to their target markets through conventional media. Significantly, new media exposure is growing strongly among Mexicans.Quality Takes PrecedenceRegardless of demographics, quality (95%), comfort (95%), and fit (94%) top the list of primary factors in Mexican consumers’ decisions to purchase apparel. Shoppers indicate that price is a secondary consideration when shopping for clothing, which differs from Brazil, Colombia, and the U.S. where price remains a primary factor. Only 13% of Mexicans say they always or usually buy clothes on sale, indicating that they do not seek sales as often as other global consumers. While Mexicans are not as price-conscious as shoppers in other countries, apparel price increases could still impact the quantity of clothing that consumers are willing to purchase. Mexican shoppers show a tendency to buy fewer items rather than purchase items they consider of lesser quality.Consumer Shopping LoyaltyA large segment of Mexican consumers (61%) favor domestic clothing stores



Textile & Clothing Trade between INDIA & MEXICO

COUNTRY REPORT

(continued from page.5)(e.g., Liverpool, Aldo Conti, and Suburbia, etc.) and an equal number (61%) say that their favorite clothing brands (e.g., Zara, Sasha and Polo, etc.) are international. Although some domestic clothing brands such as Oggi Jeans and Aldo Conti rank high among consumers, international brands are preferred among women, youth, SEL AB, and consumers who mostly shop at specialty stores. Allegiance to national stores may be influenced by a sense of cultural connection and international brand preferences may be due to consumer interest in global fashion trends3. Only two-thirds of Mexican consumers say they crossshop at different retailers for clothing. This figure pales in comparison to the 94% of U.S. consumers who divide their shopping time among channels. Based on these findings, Mexican shoppers may be more store-loyal than U.S. consumers.Apparel Purchases Driven By DesireAlthough most Mexicans tend to buy clothing basics, they are purchasing apparel more out of desire than need. More than half of Mexican consumers said they purchased new T-shirts (54%), jeans (52%), and dress shirts (52%) for desire-based

reasons like they wanted new ones and wanted new styles. In contrast, U.S. consumers spend more based on needing new clothes due to fit or durability issues. Cotton clothing staples such as socks, underwear, T-shirts, dress shirts, and jeans account for the majority of Mexican consumer’s wardrobes. On average, consumers say they spend about $886 on clothing for themselves and others annually.Clothing Fiber MattersPreference for cotton apparel is high among all demographic segments. The majority of Mexican consumers (75%) prefer clothing made of cotton (algodón). Among the list of qualities that shoppers use to describe cotton, comfortable, good quality, and durable rank the highest. These qualities are the same factors that consumers say influence their decision to purchase. Given that 9 out of 10 consumers associate cotton with quality, it is not surprising that 68% say they would pay more to keep cotton in the clothing they buy. As the middle class continues to seek ways to enhance their lifestyle, they may seek apparel that best reflects their status. This growing consumer force will continue to seek out cotton apparel and the stores and brands that will help meet their needs for quality clothing. Source: Internet (Textile Excellence)

EXHIBIT 2 : COTTON FABRIC

RankSuppliers Mn US $ % share

World 1,641.96 100.00

1 USA 1,190.45 72.502 China 189.00 11.513 Canada 37.59 2.294 Italy 27.23 1.665 Germany 23.02 1.406 Guatemala 17.85 1.097 Pakistan 17.22 1.058 S. Korea 17.17 1.059 Spain 15.47 0.9410 Colombia 15.44 0.9411 India 11.32 0.69

EXHIBIT 1 : MEXICAN IMPORTS & INDIA’s POSITIONTEXTILES & CLOTHING TEXTILES COTTON TEXTILES

RankSuppliers Mn US $ %

share Suppliers Mn US $ % share Suppliers Mn US $ % share

World 9,425.17 100.00 World 6,738.65 100.00 World 2,368.69 100.001 USA 4,602.11 48.83 USA 4,205.29 62.41 USA 1,587.59 67.022 China 1,503.32 15.95 China 957.91 14.22 China 354.26 14.963 India 299.16 3.17 S. Korea 162.06 2.40 Canada 42.98 1.814 S. Korea 189.87 2.01 India 137.24 2.04 India 38.50 1.63

5 Bangladesh 187.52 1.99 Germany 133.48 1.98 Italy 35.56 1.506 Italy 180.49 1.92 Canada 132.52 1.97 Pakistan 34.80 1.477 Vietnam 158.11 1.68 Taiwan 126.89 1.88 Germany 27.65 1.178 Taiwan 153.42 1.63 Italy 104.69 1.55 Spain 26.62 1.129 Canada 147.48 1.56 Spain 86.38 1.28 Colombia 25.42 1.0710 Spain 145.73 1.55 Pakistan 58.69 0.87 S. Korea 23.33 0.98

India’s T&C Trade with MexicoMexico imported almost $9.5 billion of textiles & clothing in 2012 of which India’s share was about 3% with only $300 million. USA and China were the top two suppliers with almost 65% of the market share. (Exhibit 1 below)Of the total imports of T&C of $9.5 billion, almost $6.7 billion is of textiles while the balance $2.8 billion is of clothing. As can be seen from table below, cotton textiles import was worth $ 2.3 million in 2012 (34.3% of total textiles imported) showing that Mexicans prefer cotton as the best option for value addition or finished goods. India is the 4th top supplier of cotton textiles to this market.Within the cotton textile import basket, cotton fabrics are the largest import item with almost $ 1.6 billion being imported into Mexico in 2012 (Exhibit 2. below). India has a very minuscule presence in the cotton fabrics market with 0.7%.

TEXTILE INTELLIGENCE CENTRE email: [email protected]



CBEC

Notification No. 45 /2013-Customs

[F.No.605/36/2013-DBK]

Government of India Ministry of Finance

Department of Revenue Central Board of Excise and Customs, New Delhi

17th September, 2013 G.S.R. 636(E).- In exercise of the powers conferred

by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 98/2009-Customs dated the 11th September, 2009 published vide number G.S.R. 664(E), dated the 11th September, 2009, namely :-

In the said notification,-(a) in the opening paragraph, for the words and figure

“Customs Tariff Act, except to the extent specified in paragraph 2 of this notification, subject”, the words, figures and letter “Customs Tariff Act, except to the extent specified in paragraph 2 or 2A of this notification, as the case may be, subject” shall be substituted;

(b) the existing paragraph 2A shall be renumbered as paragraph 2AB thereof and before paragraph 2AB as so renumbered, the following paragraph shall be inserted, namely:-

“2A. With effect from 17th September 2013, the

exemption from safeguard duty and anti-dumping duty shall not be available in case materials are imported against an authorisation that has been made transferable on or after the 18th April, 2013 by the Regional Authority.”;

(c) after paragraph 2AB as so renumbered , the following paragraph shall be inserted, namely:-

“2AC. With effect from 17th September 2013, in case the imported materials are transferred with the permission of Regional Authority, and where such permission is granted on or after the 18th April, 2013, the importer shall pay an amount equal to the safeguard duty and anti-dumping duty leviable on the material so imported and transferred, but for the exemption contained in paragraph 1 above, together with interest at the rate of fifteen per cent per annum from the date of clearance on import of the said materials.”.

(Sanjay Kumar) Under Secretary to the Government of India

Note: The principal notification number 98/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.664(E) dated the 11th September, 2009 and was last amended by notification No. 24/2013-Customs, dated the 18th April, 2013 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.250 (E), dated the 18th April, 2013.

:: TEXPROCIL ::

Dear Members,Please find below recent notifications issued by various departments Government of India - Reserve Bank of India, Department of Commerce, Director General Foreign Trade and Department of Revenue, Customs. The same has been Eserved to our members in the interim period, for clarifications please write to us on email: [email protected]

Government Notifications & CircularsEserved to TEXPROCIL Members

TRADE NOTIFICATION

Join Us... Now!& avail of our

Membership Benefits

To know more, please write to us on email:[email protected]

GRIEVANCES / QUERIES

The Council received specific cases of problems faced by the members in their day to day interaction with the Customs, Regional offices of DGFT etc.The Council also received many queries from the members on issues related to the Foreign Trade Policy, Customs & Excise Laws, RBI Regulations and Service Tax matters. All these issues were taken up with the concerned departments and the queries were suitably clarified.

:: TEXPROCIL ::



TEXPROCIL MEMBERSHIP ANNUAL

RENEWAL SUBSCRIPTIONTRADE

NOTIFICATION

The annual renewal subscription amount for the financial year 2013-2014 is as follows: -1) MEMBER EXPORTER - RS. 11,236/- ( MEM FEES 10,000 + S. TAX 1,236 )

2) REGISTERED TEXTILE EXPORTERS (RTE) - RS. 5,618/- ( MEM FEES 5,000 + S. TAX 618 )

Multicity cheques/demand draft/pay order should be in favour of ‘THE COTTON TEXTILES EXPORT PROMOTION COUNCIL’ payable at Mumbai. Outstation Cheques will not be accepted.

Kindly ignore if already paid.

Only member exporters are requested to submit the following documents with membership renewal payment.

● CA CERTIFICATE as per format given below certifying the fulfillment of the eligibility criteria.

ELIGIBILITY CRITERIA for MEMBER EXPORTER, is as under: -

MINIMUM ANNUAL EXPORT TURNOVER OF RS. 2 CRORES.

The minimum eligibility criteria as mentioned above should be relevant to the financial year 2012-2013.

The fulfillment of the above conditions should include actual FOB value of exports of Cotton Textiles excluding Ready Made Garments and Handloom textiles and send the same along with the RENEWAL SUBSCRIPTION of Rs.11,236/-.

Those not fulfilling the criteria are automatically to be renewed as REGISTERED TEXTILE EXPORTERS (RTE).

CHARTERED ACCOUNTANT CERTIFICATE (on C.A.’s Letter Head)

(To be submitted by MEMBER EXPORTER only and not by REGISTERED TEXTILE EXPORTERS-RTE)

THIS IS TO CERTIFY THAT M/S. _________________________________________________ (NAME AND FULL ADDRESS OF THE MEMBER) HAVING IE CODE NO.______________ HAVE EXPORTED COTTON / COTTON YARN / COTTON FABRICS / COTTON MADE-UPS (EXCLUDING HANDLOOM ITEMS / READY MADE GARMENTS AND SILK ETC.) OF RS. ________________ FOB DURING THE FINANCIAL YEAR 2012 - 2013.

SIGNATURE & STAMP OF C.A.

ALONG WITH REGN NO.

PLACE:

DATE:

In case of REGISTERED TEXTILE EXPORTERS (RTE), submission of C.A. CERTIFICATE is not applicable and only the RENEWAL SUBSCRIPTION of Rs. 5,618/- is to be sent.

Kind Attention: Members whose RCMC has been expired on 31.03.2013 and due for renewal

Please apply for renewal of RCMC alongwith a copy of IE code and Manufacturing licence (in case of manufacturer exporter)to enable us to issue fresh RCMC valid for next five years. (For any further queries please write to Mrs. Smita Dalvi on email : [email protected].)

TEXPROCIL NEWS LETTER Vol. I. Issue No. 18 DATED 30th ...

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