The leather and footwear industry has sought duty exemptions on a number of critical inputs such as synthetic leather, metal accessories, machinery, threads, moulds, and certain chemicals as the ongoing West Asia crisis has pushed input costs up by up to 60 per cent, an official said.
The industry has recently flagged the matter with the commerce and industry ministry.
The industry official said that the exporters have suggested the government for early implementation of the proposed FLOAT (Footwear and leather oriented transformation) scheme covering the entire product range, raw materials, machinery and inputs.
They have also urged for duty-free import of crust and finished leathers to boost domestic manufacturing.
“The industry is facing a sharp increase in raw material and input costs – rising by 40-60 per cent – due to the West Asia crisis.
“In view of this, we have urged the government to provide import duty exemptions on critical inputs such as synthetic leather (PU-coated​The leather and footwear industry has sought duty exemptions on a number of critical inputs such as synthetic leather, metal accessories, machinery, threads, moulds, and certain chemicals as the ongoing West Asia crisis has pushed input costs up by up to 60 per cent, an official said.
The industry has recently flagged the matter with the commerce and industry ministry.
The industry official said that the exporters have suggested the government for early implementation of the proposed FLOAT (Footwear and leather oriented transformation) scheme covering the entire product range, raw materials, machinery and inputs.
They have also urged for duty-free import of crust and finished leathers to boost domestic manufacturing.
“The industry is facing a sharp increase in raw material and input costs – rising by 40-60 per cent – due to the West Asia crisis.
“In view of this, we have urged the government to provide import duty exemptions on critical inputs such as synthetic leather (PU-coated ​Latest News [ SOBAN NEWS: International and National ]
