|
TxC
to design administrative mechanism Pending BG/EMD cases to be resolved
soon
Sudha Swaminathan - Coimbatore
The Textile Commissioner’s office would soon put in place an
administrative mechanism to dispose of the cases pending with regard
to BG/EMD forfeiture relating to RMG exporters. The new mechanism
would be designed in a manner that the pending cases are settled
within a definite time frame. It is expected that with the new mechanism
is in force soon, pending cases would be cleared within three months.
Reacting
to the issue raised by Mr Sakthivel, president of Tirupur Exporters’
Association (TEA) during an interactive session, Textile Commissioner,
Mr Subodh Kumar, stated that the problems resulting from the pending
of EMD cases had been already discussed with the Joint Secretary.
As regards the cases prior to 1999, a compounding scheme could be
considered with flexibility in the cut off threshold for reckoning
the performance and clubbing options among various quota systems
and categories.
Earlier,
Mr Sakthivel lamented that the blockage of funds in BG/EMD has squeezed
the ways and means position of the exporters which has been made
worse by the current situation of business downturn. As number of
cases pending are huge, the president of TEA, suggested that a Samadhan
scheme by way of a compromise formula be formulated. A similar arrangement
is already in place with the income tax department. During the 12th
India Knit Fair, exporters highlighted the same issue to the Union
textiles minister, Mr Kashiram Rane too.
The
Textile Commissioner disclosed to Express Textile that some 5000
cases are pending of which 2000 cases are with the AEPC. Mr Sakthivel
revealed that of the total cases pending, 25 per cent are with the
exporters from Tirupur. Once the cases pending are resolved, money
inflow to the exporters can enhance their business position.
|
