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excise+duty+textile
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
2016-08-02 11:00:00
Garment retailers shift to fixed price to lower duty payment burden
Garment retailers in India have started gradually shifting from the maximum retail price regime (MRP) to fixed price regime after Union Finance Minister Arun Jaitley, while announcing the Union
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
2016-04-17 15:00:00
ISA urge govt to do away with anti-dumping duty on VSF imposed in 2010
The Indian Spinners Association (ISA) has alleged that Grasim Industries, the prime manufacturer of VSF in India, is selling the raw material at prices much higher than global rates, hurting the
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
2016-03-02 13:00:00
Diverse reactions on budget 2016 by textile sector
The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought
2016-03-01 17:30:00
Ludhiana garment industry likely to come under the excise net
The garment manufacturing industry in Ludhiana unhappy with the third budget of the NDA government as it has imposed a two percent excise duty on branded readymade garments having retail price of
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
2016-03-01 12:47:00
What lies in the budget for the textile industry?
While there was no fresh proposition in the Union Budget 2016 for the textile industry, which was presented to the Parliament on 29 February, the income growth expected to steam up the India economy
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