India Raw Material Shortage Government Plans To Re Export Export Tariffs On Leather Products

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< p > according to official sources in India, the Ministry of finance is considering reviewing the export duties of "a href=" http://sjfzxm.com/news/index_s.asp "leather" /a "and leather goods, aiming to promote the export of leather products while ensuring the full supply of raw materials in the domestic market.

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< p > official information said that although leather exporters look forward to completely eliminating the "a href=" http://sjfzxm.com/news/index_s.asp "export tariff < /a >, the domestic leather industry is in a dilemma of the shortage of raw material skins, because a large number of semi finished leather is being exported to China and Italy.

At present, export tariffs on finished leather and related products are not required in India.

Therefore, government officials in India called for the rationalization of leather duty, which is classified as raw material, in order to make wet blue and other technically technically finished leather.

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< p > according to the leather industry representative, according to WTO regulations, any product that can be used directly without processing in the manufacturing process belongs to the finished product.

According to the regulation, the leather industry of India even classified the finished products as "a" href= "http://sjfzxm.com/news/index_s.asp" > raw material skin < /a > as finished products for export.

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< p > October 2000, < a href= "http://sjfzxm.com/news/index_s.asp" > India < /a > the leather industry has adopted more stringent export restrictions: the export tariff of raw leather and semi finished leather is raised to 25% to 60%, the highest tariff rate in the world.

However, the tariff rate of tanned snake skin, lamb skin, sheepskin, luggage leather and industrial leather has been maintained at the low level of 15%-25%.

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Last year, in order to increase the export of leather goods, the government of India lowered the import tariff of leather manufacturing machinery in the budget to 5% to 7.5%.

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Data from < p > a href= "http://sjfzxm.com/news/index_s.asp" > leather export Committee < /a > show that India's leather exports jumped 12.6% from August 2013 to 444 million US dollars, due to the increasing demand in western countries.

Although the main export markets for leather and leather goods in India are the United States, the United Kingdom, Germany, Italy, France and Spain, exporters are continuing to tap opportunities in emerging markets, including Latin America, Australia, Russia and Japan, to reduce dependence on traditional markets and build a new market for products.

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< p > April 2013 to August, India leather and leather products exports increased 13.6% compared to the same period last year, the total amount was 2 billion 300 million US dollars.

According to the prediction of India leather export Commission, India leather export can reach US $14 billion in 2017.

In the 2012-13 fiscal year, India's leather exports totaled US $5 billion, an increase of 4% over the same period last year.

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