NITMA has urged Indian PM Narendra Modi to curb under-invoiced imports of synthetic knitted fabric, citing severe damage to the domestic textile industry and ₹10,000 crore losses to the exchequer.
Despite a $3.50/kg Minimum Import Price, imports surged to 130 million kg in July–Sept 2024.
NITMA seeks stricter enforcement and a probe into misdeclared HS codes at Indian ports.
Despite a $3.50/kg Minimum Import Price, imports surged to 130 million kg in July–Sept 2024.
NITMA seeks stricter enforcement and a probe into misdeclared HS codes at Indian ports.
