India Will Soon Resume The Export Rebate Mechanism Of Cotton Yarn.

　　 government In the notice of April 29, 2010, the export tax rebate for cotton yarn was abolished because the domestic price was too high, the tax rebate was abolished and the export was inhibited. In January this year, the government announced the export quota of cotton yarn, which lasted until March. According to an official of the Ministry of finance, the export rebate mechanism of cotton yarn will soon be resumed.

Chairman and ardhman group of India main textile group yarn SP Oswal, head of operations, said that since January 2011, yarn demand has been falling all the time, which is why companies default on bank loans. recovery drawback It will help stabilize these companies.