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Export of Leather Products

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..... Export of Leather Products - News and Press Release Dated:- 12-12-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 12-December-2011 16:27 IST As per available information the production and export of leather products during last three years is as follows: Production: Item Unit 2007-08 2008-09 .....

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..... 2009-10 Finished leather Th.Pcs 28248 27840 26300 Leather footwear Indian type (IPP) Th.Pairs 6592 6819 8031 Leather footwear Indian type (SSI) Th.pairs 192815 202331 210658 Leather footwear Western type Th.Pairs 20471 19893 19 .....

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..... 457 Shoe Uppers Th.Pairs 10344 9334 9580 Leather Garments Rs. Mn 2856 3409 3719 Leather Goods Rs.Mn 561 519 653 (Source: Website of Ministry of Statistics Programme Implementation) Export : 2008-09 2009-10 2010-11 Ex .....

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..... ports in Million US$ 3599.46 3404.57 3844.86 (Source: Directorate General of Commercial Intelligence and Statistics (DGCI S) The decline in exports during the year 2009-10 was due to the adverse impact of the global financial crisis The Government is implementing Indian Leather Development Programme (ILDP) in the XI Five year plan with an outlay of Rs.1251.29 cro .....

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..... re in order to promote the growth of the sector in critical areas namely capacity modernization technological upgradation, environment management, human resources development etc., For promotion of exports, Government of India has identified leather sector as a Focus Sector in Foreign Trade Policy 2009-14 which, inter- alia, includes facilities such as a) allowing duty free import of critical .....

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..... inputs to the extent of 3% of FOB value of export realization in the previous year b) duty credit scrip of 4% for notified leather products and footwear 2% duty credit scrip for finished leather under Focus Product Scheme c) Zero Duty Export Promotion Capital Goods Scheme (EPCG) to facilitate import of machinery d) 1 % duty credit scrip under Status Holders Incentive Scrip Scheme for statu .....

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..... s holders in leather sector (except finished leather segment) for import of capital goods under actual user condition. As a result of various steps taken by the Government, the export of leather products has increased in the year 2010-11. This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce Industry in written reply to a question in Lok Sabha today. .....

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..... DS/GK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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