Home / WORLD / CLE has recommended the recovery of leather import duty exemption

CLE has recommended the recovery of leather import duty exemption

CLE has recommended the recovery of leather import duty exemption
File Photo

During a meeting between various Export Development Councils and government officials in Mumbai, India Council for Leather Exports (CLE) chairman Mr. Sanjay Leekha recommended that import duty exemption for leather should be reintroduced.

The exemption would cover wet-blue, crust and finished leathers, and Mr. Leekha also recommended the extension of a production linked incentive scheme for the sector, 24/7 customs clearances and financial support for logistics.

He also said that the industry is currently facing significant liquidity problems, and an extension of interest equalization on rupee export credit for the next five years would be of great benefit.

The meeting follows the announcement of a $400 billion export target for the current financial year for India made products that has been set by the commerce ministry.

Source: Online/KSU

Leave a Reply

Your email address will not be published. Required fields are marked *