Guv for revising custom duty on imported silk

Guv for revising custom duty on imported silk

Spokesperson said that about 30,000 families, the majority of whom live in the rural and difficult areas of the state, are engaged in the production of raw silk which is estimated at about 1000 Mts.

Governor N N Vohra has addressed Santosh Kumar Gangwar, Union Minister of State for Textiles, seeking his support for upward revision of custom duty on raw silk from 15 to 30 per cent.

The Governor has requested the minister to take up this “extremely important” matter with the Union Minister of Finance.

A Raj Bhavan spokesperson said that about 30,000 families, the majority of whom live in the rural and difficult areas of the state, are engaged in the production of raw silk which is estimated at about 1000 Mts.

He said during 2011-12 when the custom duty on imported raw silk was reduced from 30 per cent to 5 per cent “it had adversely impacted the raw silk industry in J&K.”

He said recognizing this serious adverse impact the government of India had revised it from 5 per cent to 15 per cent last year.

The Government of India has invested over Rs 113 crore for the development of silk industry in J&K under the Catalytic Development Programme. “If the raw silk industry cannot be revived it would result in the non-utilization of the extensive infrastructure for silk production established in J&K during the past years,” the spokesperson added.