AEPC criticises interim budget, demands immediate 4 per cent increase in duty drawback rates

New Delhi, Feb 16 -- The Apparel Export Promotion Council (AEPC) today called for immediate increase in duty drawback rates by four percentage points to beat growing competition in gloomy overseas markets.

The measure, which is not a part of the Union budget, must be announced in a day or two, said its chairman Rakesh Vaid who is currently in Las Vegas to represent India at the Magic Apparel Show.