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2016-03-18 17:00:00
Punjab reduces VAT to 3.63pc on cotton yarn and cloth
Local yarn industry was not able to compete with outside industries as there tax structure on yarn is in the range of 0-2 percent very low compared to the tax structure of Punjab. With the Punjab
2016-03-16 17:00:00
Yarn industry welcomes reduction of Vat proposed in state budget
The cotton spinning industry welcomes reduction of VAT on cotton and other yarn from 6.05% to 3.63% in the state budget proposed on Tuesday. The spinning industry was facing tough times in Punjab
2016-01-23 14:00:00
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 to salvage the textile value chains and dwindling cotton yarn
2015-11-23 12:00:00
Punjab spinning industry pushed in crisis due to difference in VAT rate
Spinning mill owners of Ludhiana demand level playing field with their counterparts in other states as the spinning industry of Punjab is dying and already in huge debts, units are closing down owing
2015-09-19 11:00:00
Govt need to take urgent action to boost exports of cotton textile
The export target for 2015-2016 is USD 13.67 billion. The continuing decline in exports of cotton textiles is a matter of deep disappointment and concern requiring urgent action from the government,
2015-09-14 10:00:00
Indian textile sector wants govt to provide conducive environment
The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is
2015-09-08 13:00:00
SISPA appeals to TN govt to reduce VAT on cotton on from 5% to 2%
South India Spinners Association (SISPA) has appealed to the Tamil Nadu government to reduce VAT on cotton, cotton yarn and synthetic yarn from 5 percent to 2 percent, abolish the one percent cess on
2015-07-17 13:00:00
Committee formed by Pakistan govt to end declining trend in textile exports
Commerce Minister Khurram Dastgir Khan finally admitting that there are some other reasons for declining trend in the country’s textile exports on Wednesday constituted a committee to bring
2015-02-05 16:00:00
Punjab yarn industry seeking reduction in VAT rate on yarn on priority basis
Punjab yarn industry are losing out to cheap yarn coming from other states, making a serious dent on their business volume. After state government rolled back controversial E-Trip system, yarn makers
2015-01-13 17:00:00
Govt’s decision to impose entry tax on yarn puts industry in a dire straits
The Punjab government has apparently decided to impose Non-Vatable Entry Tax on yarn being brought in from other states, including Uttar Pradesh, Himachal Pradesh and New Delhi. As there were
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