image rotation

Message from Chairman

Dear Member,

I am glad to inform that this Council is organizing 2nd Edition of “Source India – Reverse Buyer Seller Meet” at Surat International Exhibition & Convention Centre (SIECC) from 28th to 30th September 2018.  “Source India 2016” was a pioneering effort of the Council which was appreciated by everyone including the Ministry of Textiles, Government of India.  The success of the first show in 2016 then paved the way to “Textiles India 2017” which was organized by the Government of India in Gandhinagar, Gujarat last year.  This year once again SRTEPC will be spearheading the Event in Surat and I am confident that improving upon your feedback received on “Source India 2016”, this time we will be able to organize the event more successfully.  

We will invite around 200 buyers from 40 countries of Asia, Africa, Middle East & Gulf, Latin America, CIS Countries, and Europe for the event.  Besides directly inviting the overseas buyers of textiles/garments, producers/wholesalers/textile agents, etc, senior executives of foreign buying houses, retail chain stores who are based in India will also be invited. Total number of invited buyers to the Event will be around 500.  Programmes such as Fashions Shows, Theme Pavilion, Seminars/Workshops etc. are also being planned on the sidelines of the event.   I would like to take this opportunity to invite member-exporters to participate in large numbers in the forthcoming “Source India” in Surat. 

The recent reports show that Indian’s exports during April 2018 have gone up by 5.17% after being in the red in March.  The sentiments have been echoed by the MMF textile exports.  As per the latest data from the Ministry of Commerce for the April - February period in 2017-18, exports of MMF textiles amounted to US$ 5457.87 million registering a growth of 3.28% as compared to the same period last year. Other than fibre and fabrics which showed a slight decline; exports of yarn and made ups have shown a growth of 8.25% and 4.08% respectively.  The USA continued to be the top market for Indian MMF textiles; Turkey ranked second followed by UAE which was in the third largest market.  It is hoped that this trend will continue and the figures for the entire year 2017-18 will be further encouraging.  

Friends, this Council has been consistently pursuing with the government for paying due importance and focus to the man-made fibre segment of the textile industry. All the issues being faced by the exporting community be it ITC refund or Merchant exporters’ plight, have been taken up strongly by this Council with the Ministry of Textiles, Ministry of Commerce & Industry and Ministry of Finance as applicable. I am happy to inform that now the Government has duly acknowledged the vital role played by the MMF textile segment in the country and assured us of all the policy support towards this segment.

Recently, I met Shri Anant Kumar Singh Ji Secretary (Textiles), Smt. Aditi Das Rout, Trade Advisor, Ministry of Textiles and Shri Manoj Dwivedi, Joint Secretary, Ministry of Commerce and Industry, Government of India and explained to them on the magnitude of working capital blockage because of anomaly in GST policy and difficulties being faced by the exporters due to delay in receipt of the IGST and ITC refunds. The Secretary (Textiles) has assured me to take up the matter with Finance Secretary, Ministry of Finance. Written representations were handed over to all the senior government officials requesting them to resolve the GST related issues as soon as possible.   

Since the introduction in July last year, Goods and Services Taxes (GST) has baffled the exporting community and as an Export Promotion Council it has been our utmost effort to educate and enlighten them about the intricacies of GST. Towards this endeavour I have also met Shri Yogendra Garg, Additional DG (GST), CBEC and discussed with him on IGST and ITC refunds including refund of IGST on Capital goods. Shri Garg has also assured us of positive response. Council has been holding regular Seminars/Workshops/Interactive Meetings and of late the Council held a GST Camp in its Head Office in Mumbai on 14th& 15th May in association with a Chartered Accountants Firm – M/s ZADN Associates.   The Camp, flagged off by Shri Arivazhagan, Joint Commissioner-GST (Refunds) of Mumbai South on 14th May, was well attended by member-exporters of SRTEPC. Shri Ronak Rughani, Vice Chairman of the Council presided over the inaugural session and jointly with Shri Arivazhagan, Joint Commissioner-GST interacted with the member-exporters on queries raised by them during the Camp. During the Camp, member-exporters discussed the problems faced by them such as IGST/ITC refunds that has blocked substantial amount of their working capital and has put the exporters into financial hardships thereby disrupting their efforts to step up exports, delay in refunds due to mismatch of data between the GST forms and shipping bills, wrong entry of figures in Table 3.1 (A) of GSTR 3B instead of entering it under Table 3.1 (B) of GSTR 3B and GSTN Validation was held due to the error occurred as the figure is wrongly entered in Table 3.1 (A) of GSTR 3B instead of Table 3.1 (B) of GSTR 3B due to which the integration of GSTR data with ICEGATE is not possible and hence refund cannot be processed manually. The Joint Commissioner assured the members present at the Camp that he would look into the matter and try to resolve them at the earliest.   He also informed that GST Seva Kendras have been set up in various range and division, the taxpayer falling under the respective jurisdiction may contact the nearest GST Seva Kendra.  He further stated that GST Seva  Kendra’s can help with GST registration, GST migration, GST return filing, GST queries, etc. Taxpayers can now walk-in to the Seva Kendras without an appointment or fix an appointment before approaching for help. Exporters can choose the appropriate jurisdiction/location based on their pin code. The GST Range officer will examine the query and furnish the Certificate which can be submitted to the Customs for refund or other processes.

The Council is making all efforts to help exporters of MMF textiles in augmenting their exports as well as resolving policy issues.   I therefore once again take this opportunity to urge members who are yet to renew their membership to do the same at the earliest so that we can continue to render our services to your esteemed organization.

Yours sincerely,

Shri Sri Narain Aggarwal
Chairman, SRTEPC
@narain_sri

20th May, 2018

Subscribe to SRTEPC mailing list

Exchange Rates