v) The fiscal duty structure has been generally rationalized to achieve growth and maximum value addition within the country. Except for mandatory excise duty on man-made filament yarns and man-made staple fibres, the whole value addition chain has been given an option of excise exemption.
vi) The import of specified textiles and garment machinery items has been allowed at a concessional rate of customs duty to encourage investments and to make our textile products competitive in the global market. The cost of machinery has also been reduced through fiscal policy measures.
vii) Duty-free imports of 21 items of trimmings and embellishment items are allowed to the garment exporters, upto 3 percent of their actual export performance during the previous year.
viii) For the speedy modernization of the textile processing sector, Government has introduced, w.e.f. 20.4.2005, a credit linked capital subsidy scheme @10 percent under TUFS, in addition to the existing 5 percent interest reimbursement.
ix) The National Institute for Fashion Technology (NIFT), its seven branches, and the Apparel Training & Design Centres (ATDCs) are running various courses/programmes to meet the skilled manpower requirements of the textile industry, especially apparel, in the field of design, merchandising and marketing.
x) Facilities like eco-testing laboratories have been created to enable exporters to get garments/textiles pre-tested so that they conform to the requirements of the importing countries.
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