New foreign trade policy to simplify refund process: Maran
Textiles Minister Dayanidhi Maran on Saturday said the forthcoming Foreign Trade Policy is expected to simplify the refund process for duties paid on inputs of exports.
The policy, which would spell out the country's export and import policies, will be unveiled on August 27.
Meanwhile, the Textiles Ministry has asked the Cotton Corporation of India to set up sales depots in Coimbatore and Madurai so that the yarn cost could be brought down by 2 rupees per kg.
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