India Adjusts Export Rebate Rate For Cotton Textile Products

It is reported that in the new policy, India has expanded the textile varieties of textile and garment export tax rebate rate, and raised the upper limit of the export tax rebate rate of cotton textiles.

Among them, the export rebate rate of cotton yarn below 50S is 3%, the highest tax rebate is 13 rupees per kilogram; the export rebate rate of cotton yarn (50S) and above is adjusted to 2.8%, and the highest tax refund is 18 rupees per kilogram.

The export rebate rate of dyed cotton yarn below 50S is adjusted to 3.7%, the maximum tax refund is 20 rupees per kilogram; the export rebate rate of dyed cotton yarn above 50S and above is adjusted to 3.4%, the maximum tax refund is 24 rupees per kilogram, and the export of core cotton yarn (spandex, Lycra and other elastic fiber content is 3% or above).

The adjustment is 4.7%, the maximum tax rebate is 16 rupees per kilogram, and the export tax rebate rate of white cotton cloth is adjusted to 4.3%.

The maximum limit is 37 rupees per kilogram.

The export tax rebate rate of cloth has been adjusted to 5%, and the tax rebate ceiling has been adjusted to 50 rupees per kilogram.

The export tax rebate rate of chemical fiber spun yarn (natural color) is 10.3%, and the maximum tax rebate limit is 36 rupees per kilogram.

The export tax rebate rate of polyester filament is 2.4%, and the maximum tax rebate limit is 8 rupees per kilogram.

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Xin Ao textile was formerly Zhejiang Tongxiang Xinhua wool textile joint venture factory, and the competent department is Tongxiang Township Enterprise Management Bureau.

In 2007, the implementation of shareholding system pformation was reorganized by Zhejiang new Australia textile Refco Group Ltd to Zhejiang new Australia textile Limited by Share Ltd.

It has 3 subsidiaries of Zhejiang new Australia textile, Zhejiang new neutralizing wool and Zhejiang thick yuan textile, and a wholly-owned subsidiary of Hong De import and export.

The company's actual controller is Shen Jianhua, chairman of the board.

Prior to the public offering, Shen Jianhua directly held 23.78% of the company's shares, and also held 53.62% of the company's controlling shareholder, Xin Ao industrial, while Xin Ao holdings held 51% of the company's shares.

Its core products are high-grade wool worsted yarn and intermediate wool wool top.

Its worsted yarn products include pure wool yarn, high-grade natural fiber blended yarn (wool, silk, cashmere, etc.) and chemical fiber blended yarn, mainly used for weaving medium and high grade knitted garments, including woolen sweater, cashmere sweater, wool underwear, wool T-shirt, wool socks and other knitwear.

High quality wool tops are the basis and prerequisite for producing high quality yarns.

In 2003, the new Australian textile and neutralization wool joint venture set foot in the processing of wool tops. Through the European advanced equipment, advanced wool modification and wool strip making technology, the top quality wool tops were produced and the extension to the upstream of the wool spinning industry chain was completed.

The top part of the top product is sold for sale except for part of its own use.

New Australian textile believes that through effective control of the production process of wool tops, on the one hand, it can broaden the scope of the yarn varieties of the company, so that the company can adjust and optimize the whole production process according to the individual requirements of customers. On the other hand, because of the seasonal demand of the downstream, the company can ensure the continuity of wool top supply during the peak season, and grasp the delivery date of wool tops, so as to seize the market opportunities.

At present, the new Australian textile collection, modification, worsted, dyeing and finishing is integrated into a complete wool yarn production and processing chain for wool washing, top making, baslan / shrink proof / mercerizing, spinning and dyeing.

As of the first half of this year, it has the annual production capacity of 7000 tons per ton of wool, 10 thousand tons of modified processing, 6600 tons of worsted spinning, and 8000 tons of dyeing and finishing.

This long industrial chain layout is also one of its core competitiveness.