Tag Archives: duty-free benefit

Garment exports to India soared 66.41 percent in the first six months of the fiscal year on the back of demand from Western brands operating in the neighbouring country and closure of some small- and medium-scale factories.

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industries are entitled to enjoy duty-free benefit under the bonded warehouse facility on import of raw materials for their finished goods.