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PSF recycling units seek concessional rate under GST

Related Keywords: All India Recycled Fibre and Yarn Manufacturers Association, compared with virgin PSF or a refund mechanism., cost advantage of recycled PSF, maintain current excise duty, represents thirty five recycled polyester staple fibre producers, small and medium-scale, sought concessional GST

The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers mostly small and medium-scale in the country, have sought concessional Goods and Services Tax (GST) to maintain the current excise duty cost advantage of recycled PSF compared with virgin PSF or a refund mechanism. GST Council is scheduled to discuss this at its meeting on June 3.

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