Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 12 2011 2011 (12) This

Export of Leather Products

12-12-2011
  • Contents

Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-December-2011 16:27 IST

As per available information the production and export of leather products during last three years is as follows: 

Production:

Item

Unit

 

2007-08

2008-09

2009-10

Finished leather

Th.Pcs

 

28248

27840

26300

Leather footwear Indian type (IPP)

Th.Pairs

 

6592

6819

8031

Leather footwear Indian type (SSI)

Th.pairs

 

192815

202331

210658

Leather footwear Western  type

Th.Pairs

 

20471

19893

19457

Shoe Uppers

Th.Pairs

 

10344

9334

9580

Leather Garments

Rs. Mn

 

2856

3409

3719

Leather Goods

Rs.Mn

 

561

519

653

(Source: Website of Ministry of Statistics & Programme Implementation)

Export :

       

2008-09

2009-10

2010-11

Exports in Million US$

3599.46

3404.57

3844.86

(Source: Directorate General of Commercial Intelligence and Statistics (DGCI & S) 

The decline in exports during the year 2009-10 was due to the adverse impact of the global financial crisis 

The Government is implementing Indian Leather Development Programme (ILDP) in the XI Five year plan with an outlay of Rs.1251.29 crore in order to promote the growth of the sector in critical areas namely capacity modernization & technological upgradation, environment management, human resources development etc., For promotion of exports, Government of India has identified leather sector as a Focus Sector in Foreign Trade Policy 2009-14 which, inter- alia, includes facilities such as

a) allowing duty free import of critical inputs to the extent of 3% of FOB value of export realization in the previous year

b) duty credit scrip of 4% for notified leather products and footwear & 2% duty credit scrip for finished leather under Focus Product Scheme

c) Zero Duty Export Promotion Capital Goods Scheme (EPCG) to facilitate import of machinery

d) 1 % duty credit scrip under Status Holders Incentive Scrip Scheme for status holders in leather sector (except finished leather segment) for import of capital goods under actual user condition. 

As a result of various steps taken by the Government, the export of leather products has increased in the year 2010-11.  

This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce & Industry in written reply to a question in Lok Sabha today.

DS/GK

Quick Updates:Latest Updates