You searched for: duty reduction

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…

8 years ago

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.…

9 years ago

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…

10 years ago

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…

6 years ago

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…

7 years ago

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…

7 years ago

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…

8 years ago

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…

8 years ago

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…

8 years ago

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…

8 years ago