SRTEPC urges to exempt QCO against Advance Authorisation
Mumbai : The government has issued Quality Control Orders (QCOs) for a wide range of goods, and fibres and yarns manufactured from man-made fibres are included in this category. According to Bhadresh...
Mumbai : The government has issued Quality Control Orders (QCOs) for a wide range of goods, and fibres and yarns manufactured from man-made fibres are included in this category.
According to Bhadresh Dodhia, chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), “Imports against Advance Authorizations need to be exempt from the requirements of QCOs.”
QCOs for textiles, as noted by the Chairman, SRTEPC, have exempted imports for re-export from compliance with its rules. Similarly, completed items are manufactured and exported using raw materials imported via Advance Authorizations, as stated by Shri Dodhia.
According to the Chairman of the SRTEPC, the Foreign Trade Policy has sufficient built-in procedures and systems to guarantee that completed items made from raw materials imported against Advance Authorizations are exported within the allotted time period.
Furthermore, as pointed out by Shri Dodhia, items imported under Advance Authorizations are not transferrable even after the fulfilment of the required Export Obligation.
However, the Chairman of the SRTEPC said that QCOs are welcome since they would guarantee the supply of high-quality raw materials in the nation and prohibit the entry of low-quality items.
