As well as the development of national leather clusters, Ahmed also asked for a separate fund to intended to support the creation of Indian brands in the global market. From which, direct financial assistance would be given to individual companies for promoting their own brands in the order of 10% of their export turnover over a five year period.
Also, at the meeting, through Rafeeque Ahmed the CLE submitted a proposal to extend the 2% interest subvention scheme on rupee export credit for an extra year. This provides total exemption of service tax on post manufacturing services enhancing a duty free limit under India’s Duty Free Import Scheme (DFIS) from 3% to 5%, implementing a 3% DFIS for the finished leather sector.
