Downward revision of DEPB rates to adversely affect exports of man-made fibre textile

摘要

The sudden announcement of steep downward revision of DEPB rates of man-made yarn and fibre on 9th October 2007 to the tune of 2% has sent shock waves through the exporting community. Mr Sanjeev Saran, Chairman of The Synthetic & Rayon Textiles Promotion Council (SRTEPC) said that the announcement has come at the worst possible time as the exporters are already reeling under the impact of the unprecedented and continued appreciation of Indian rupee visa-vis US dollar.