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excise+duty
2017-03-17 11:00:00
Big relief for textile traders as sari out of excise duty ambit
The Central Board of Excise and Customs (CBEC) have taken decision to keep 'sari' out of the ambit of made-ups, which attract 2 percent excise duty on retail price above Rs1,000. This decision brings
2016-09-03 11:30:00
Govt considering cut in excise duty on MMF in the new policy
The Ministry of Textiles is set to announce a cut in excise duty on MMF in the new policy in order to boost investment to meet growing demand from the synthetic textile industry. The MMF industry
2016-08-04 12:00:00
Disparity in excise duty rates of cotton and MMF likely to be erased
At present, man-made fibres attract a 12% excise duty while cotton fibres attract none. This duty disparity has distorted the domestic consumption pattern in favour of the cotton fibre, divergent to
2016-07-31 17:00:00
FOSTTA opposes 2% excise duty on saris, dress materials
The Central Excise and Customs department has issued fresh circular that the saris, salwar suit and dress materials sold under the brand name and having retail prices above Rs 1,000 will come under
2016-03-18 13:00:00
Garment traders downed shutters demanding roll back 2 pc excise duty
Branded garments will be out of reach for middle class sections with the implementation of additional 2 percent excise duty as they were already paying 5 percent excise duty, this will drive
2016-03-10 15:30:00
Textile cos urge govt to rollback excise duty proposed on branded RMG
Finance Minister Arun Jaitley while presenting the budget in Parliament on February 29 had proposed a one percent excise duty on readymade garments worth Rs 1,000 and above. Textile companies have
2016-03-01 13:00:00
Levying excise duty on RMG of Rs1000 or more to hit the industry
In the budget 2016-17, Union Finance Minister Arun Jaitley said that he propose to change the excise duty on branded readymade garments and made up articles of textiles with a retail price of Rs
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
2016-01-23 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
2015-02-26 11:20:00
Indorama Synthetics wants excise duty on MMF cut to 4pc
In its pre-budget expectations, Indorama Synthetics Limited has put forth a number of issues to be considered for their incorporation in the Union Budget 2015-16. The company has sincerely requested
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