) Tirupur Exporters Association (TEA) today hailed the economic survey, which has called for an expeditious elimination of embedded export taxes.
Welcoming the suggestion, TEA President Raja M Shanmugham said that the association has been requesting for the elimination of embedded export taxes.
The association has also been appealing to the government to enhance the Rebate of State Levies mainly to compensate the embedded tax.
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The Survey-2018, tabled in the Parliament by Finance Minister Arun Jaitley, has said that exports will be biggest source of upside potential for the economy and has also specifically noted that textiles and apparels sector has tremendous potential for growth in exports and employment, particularly, women employment, he said.
The ready made garment exports has been declining in the three months from October, he said.
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