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Legal Central Ministry of Textiles Essential Commodities Act, 1955

Ministry of Textiles has issued a notice regarding release of 95% bill amount to Jute Mills as short-term measure

03-Dec-2024 | Jute(Payment)/2/2022-I

Ministry of Textiles has issued a notice regarding the release of 95% of the bill amount to Jute Mills as a short-term measure. This decision follows representations from industry associations requesting 100% bill release. The Competent Authority has approved this move until 31st December 2024, increasing the current 90% release on proof of dispatch. The necessary updates have been made in Jute SMART for bills generated from 4th December, 2024.

By virtue of the notice, Jute Mills are required to submit an undertaking (Annexure-I) ensuring that will cover any losses caused by poor-quality supplies to other organizations. This is in addition to any actions the Jute Commissioner may take for violations under the Jute and Jute Textile Control Order 2016 or any other relevant government orders.

Please refer to the attached document for more details.

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