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duty+reduction
2016-01-23 14:00:00
SIMA seeks reduction in excise duty and extension of sops
In representations by industry bodies led by the Southern India Mills Association, the government has been asked to announce measures to salvage the textile value chains and dwindling cotton yarn
2015-02-08 16:15:00
Reduction in excise duty on all manmade fibre suggest CITI
Globally, manmade fibre accounts for 70 percent of the fibre consumption while in India; it is less than 30 percent. The Indian textile industry to boost use of synthetic fibre want reduction in
2014-03-01 12:30:00
Textile machinery sector to get 2 percent reduction in excise duty
India to boost modernization of the textile industry, Finance Minister P Chidambaram in his Interim Budget 2014-2015 has proposed reduction in the excise duty on textile machinery from 12 percent to
2018-03-14 15:00:00
Par panel to boost textile sector suggests anti-dumping duty, GST revision
In a report tabled in Parliament today, the Standing Committee on Labour chaired by Kirit Somaiya said that it desires the Textiles Ministry to impress upon the Department of Revenue/Finance Ministry
2017-06-19 10:00:00
Demand for reduction of GST rate on MMF and yarn
Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers. According to Prabhu
2017-01-25 10:00:00
Textile industry calls for cut in import duty on raw materials
The Northern region based textile industry sought enough provisioning for technology upgradation fund, rationalization of duty structure on man-made fibres and lowering of import duty on raw
2016-07-19 14:30:00
Cotton yarn prices jump by 25pc after levy of extra duty
The prices of cotton yarn 10 count single yarn have increased by around 25 percent to reach Rs11500 per bag of 100 pounds from Rs9950 during the last one-and-a-half months and same is the case with
2016-02-25 16:00:00
Textile industry pitches lowering excise duty and change in labour laws in Budget
The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives
2016-01-02 15:00:00
TN power loom units demand reduction of VAT on cotton yarn
The Central Sales Tax on the yarn is two percent, while in Tamil Nadu; the Value Added Tax (VAT) is five percent on cotton yarn. Further, fabric is exempted from VAT here. With the high VAT rate on
2015-11-18 12:55:00
Union Minister discusses to increase import duty on silk
In order to discuss the demand for increasing import duty on silk, Union Minister of State for Textiles Santosh Kumar Gangwar has invited Karnataka’s Sericulture Minister A. Manju and MP of
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