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Sales tax, duty on cotton imports withdrawn

The Federal Board of Revenue (FBR’s) notification states that textile sector will avail the benefits on imports of raw and…

6 years ago

PHMEA demands abolition on import duties and taxes on polyester yarn

The Pakistan government had recently imposed total duties and taxes, including anti-dumping duty, account for 30 percent on the import…

6 years ago

Textile Ministry seeks early nod for Rs 170-crore knitwear package

The textile ministry is expecting the finance ministry to clear Rs 170-crore special package for the knitwear sector at the…

6 years ago

NRF urges to extend support to tax bill

The National Retail Federation, the world’s largest retail trade association, representing departmental and specialty stores, main street merchants, grocers, wholesalers,…

7 years ago

Teejay see decline in net profit over high cotton prices, taxes

Teejay Lanka Plc a Sri Lankan export fabric maker are facing decline in the Net Profit due to the challenges…

7 years ago

Uzbekistan plans to build another modern textile factory by late 2018

Uzbekistan to build another modern textile factory till late next year which involve investment to the tune of $92 million…

7 years ago

NHDC refuse cotton yarn to non-GST registered handloom societies

Most weavers in Andhra and Telangana regions work with cotton that is bought from the National Handloom Development Corporation (NHDC).…

7 years ago

Textile traders switching over to the new tax system

Amritsar, once known as the Manchester of India, the holy city-based textile industry is now known for shawl, tweed, blazer,…

7 years ago

Garment exporters gets interim relief with Govt announcing RoSL

The Ministry of Textile on Tuesday in New Delhi announced transitional rates for Remission of State Levies (RoSL) of garments…

7 years ago

GST council likely to lower tax rate on garment job works to 5pc

The GST Council headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, this week…

7 years ago