R. Senthil, co-ordinator of the waste cotton traders’s association, said raw cotton attracts 1 % cess in the State and waste cotton also attracts 1 % market cess.After the implementation of GST most of the States that were collecting the cess have removed the tax levied on cotton or waste cotton.Tamil Nadu contintues to collect it.
Under GST, cotton attracts 5 % duty. Hence, there is no need for another cess, he said. About 10,000 traders handle up to eight lakh kg of waste cotton a month in the State.
Waste cotton traders in the State have sought removal of market cess on the product.
Textile innovation company Spinnova has expanded its global manufacturing ecosystem through a strategic collaboration with woven fabric specialist NZ TEX…
ISKO has launched Supreme Colors, a new denim development framework that combines advanced dyeing technology, innovative fabric engineering with sustainability.
Researchers at NIT Rourkela have developed a low-cost ceramic adsorbent capable of removing more than 95% of Methylene Blue dye…
Denim Deal has launched the Denim Deal Innovation Hub, a platform designed to accelerate the adoption of technologies to support…
A new study has demonstrated that prickly pear peel waste, when combined with microwave-assisted dyeing, can serve as sustainable natural…
KARL MAYER has introduced a four-way stretch TEXTRONIC eyelash lace, setting a new benchmark for premium lingerie, fashionwear, and body-fitting…