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Thread: Ministry of Textiles - Jute Manufactures Development Council.

  1. #11
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    Thumbs up Incentive Scheme For Modernisation Of Jute Industry - Funding.

    Jute Manufactures Development Council

    Incentive Scheme For Modernisation Of Jute Industry

    11. Funding :

    Jute Manufactures Development Council shall from its own budget allocate annually such amount as may be deemed necessary for the scheme every year.

  2. #12
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    Thumbs up Incentive Scheme For Modernisation Of Jute Industry - Committee.

    Jute Manufactures Development Council

    Incentive Scheme For Modernisation Of Jute Industry

    12. Committee :

    An Empowered Committee, the composition of which is given below, will look into all aspects of the scheme including advising JMDC on the modus operandi and on implementation of the scheme.

    • Jute Commissioner – in the chair
    • Secretary, JMDC – convenor
    • Two representatives of Ministry of Textiles
    • Director, IJIRA, Kolkata
    • Director, CRIJAF, Kolkata
    • Any 3 members representing industry to be selected by Chairman, JMDC.

  3. #13
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    Thumbs up Jute Manufactures Development Council - EMA Scheme Extended by GoI.

    Jute Manufactures Development Council

    EMA Scheme Extended by GoI

    The External Market Assistance (EMA) Scheme operatedby JMDC has been extended by the Central Government for a further period of one year w.e.f. 01-04-2003 on the following items at rates indicated against them:

    Sl. No.
    Category
    Rate of EMA on FOB Value Realisation
    1 Jute or jute blended/ union fabrics
    (FOB above Rs. 50000/tonne)
    5% (subject to a cap of Rs. 5000/tonne)
    2 Jute/blended/union carpets/ mats/ matting 5%
    3 Jute handicrafts 5%
    4 Jute wall-hangings 5%
    5 Jute or jute blended garments and made ups 5%
    6 Food grade jute products 5%
    7 Geo-textiles 10%
    8 Jute Yarn, jute twine and value added hessian cloth and jute or jute blended/ union fabrics (FOB above Rs. 50000/tonne except for jute yarn and jute twine) exported by 100% EOUs 7%

    The benefit under Sl. No. 8 will, however, not be in addition to the eligibility criteria in respect of products mentioned against Sl. No. 1. An additional 5% EMA shall be made available on Food Grade Jute Products ( including Cloth) exported to 71 enlisted Latin/Central American and African countries. The EMA would also be available on jute geotextiles, hessian and sacking made-ups in addition to DEPB benefits admissible on these items.

  4. #14
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    Thumbs up Jute Manufactures Development Council - JMDC Incentive Scheme for Mordernisation of Jute Industry Amended.

    Jute Manufactures Development Council

    JMDC Incentive Scheme for Mordernisation of Jute Industry Amended.

    By a letter dated 19th September, 2003, the Union Ministry of Textiles conveyed its approval to the following amendments in the scheme :

    a) The "Objective" of the Scheme has been amended so as to facilitate induction of modern technology in new jute mills to be set up in jute growing areas, in addition to modernisation and upgradation of technology in existing jute mills as originally envisaged.

    b) The "eligibility criteria" has been amended by providing for grant of a higher subsidy @20% of the cost of machinery (in place of normal rate of 15%) in respect of new modern jute mills set up in new locations in jute growing areas having inadequate jute processing facilities, but only after such mills pay cess for at least 3 months on products manufatured by them.

  5. #15
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    Thumbs up Jute Manufactures Development Council - Duty Entitlement Pass Book (DEPB) Scheme.

    Jute Manufactures Development Council


    Duty Entitlement Pass Book (DEPB) Scheme.

    On the recommendation and follow-up by JMDC, the Director General of Foreign Trade (DGFT) under Ministry of Commerce & Industry has extended the benefits under DEPB Scheme to major jute products,viz. Jute Soil Saver, Jute Yarn/Twine, Hessian cloth & Hessian made-up and Sacking cloth & Sacking made-up with effect from 9th July 2002.

    The DEPB rates applicable to the major jute products with effect from 1st April, 2003 are as follows:

    Product Group : Miscellaneous
    Product Code : 90
    S.No.
    Description
    DEPB Rate
    %
    Value cap for DEPB entitlement
    24. Jute Soil Saver 5.00
    25. Jute Yarn / Jute Twine 5.00
    26. a. Hessian cloth
    b. Hessian made-up
    7.00
    7.00
    Rs.40/Kg
    Rs.55/Kg
    27. a. Sacking cloth
    b. Sacking made-up
    10.00
    10.00
    Rs.30/Kg
    Rs.40/Kg

    Product Group : Plastics
    Product Code : 63
    Sl.No.
    Description
    DEPB Rate
    %
    Value cap for DEPB entitlement
    34. Hessian Bags with LDPE/HDPE/PP liner/Lamination and with/without Zipper/Handle 8.00 Rs.175/Kg
    37. Jute Bags with HDPE liner/ LDPEliner/ Lamination with/without Zipper/Handle 8.00 Rs.175/Kg

    With introduction of DEPB scheme with effect from 9th July, 2002 export performance of these exportable items during July’02 - March’03 have been shown below. Export during July’01-March’02 from same source is also shown alongside for comparison.
    Qty.: 000’M.Ton
    Value :Rs./Million


    July’02-March’03
    July’01-March’02
    % increase
    (+) or decrease
    (-) over
    Product
    Qty.
    Value
    Qty.
    Value
    July-Mar.’01
    Hessian
    67.0
    2342.92
    27.0
    957.39
    (+) 145%
    Sacking
    36.4
    1245.58
    11.5
    385.62
    (+) 223%
    Yarn
    71.3
    2049.72
    61.3
    1759.49
    (+) 16%
    Export of All Jute goods
    196.9
    7854.30
    113.7
    4426.29
    (+) 77%

    It reveals from the above table that after introduction of DEPB, export performance of eligible items of jute products has shown a steep increasing trend as compared to corresponding period of previous year. While export of hessian has registered an increasing trend by 145 per cent, sacking and yarn have increased by 223 per cent and 16 per cent respectively. Moreover, this upward trend in export is mainly attributable to DEPB coupled with grant of support under EMA to various diversified jute products which made export prices of jute goods quite competitive in world markets and contributed to a healthy increase in exports.

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