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2018-01-24 15:00:00
Sales tax, duty on cotton imports withdrawn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(FBR’s) notification states that textile sector will avail the benefits on imports of raw and ginned cotton having withdrawn sales tax and customs duty on cotton
2018-01-18 11:00:00
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 of polyester yarn making it difficult for the polyester-based
2018-01-15 10:00:00
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 earliest as it is an employment intensive sector so any effort to boost
2017-11-07 11:00:00
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, chain restaurants and
2017-11-02 16:00:00
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 in the markets which saw softer demand, coupled with continuing high raw material price
2017-10-11 14:00:00
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 as a consistent step aiming at developing its textile industry. The factory
2017-09-07 17:00:00
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). B Syama Sundari, convenor of All India Federation of Handloom
2017-08-04 12:00:00
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, blanket, besides suiting and shirting. After holding protests for long
2017-08-02 10:00:00
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 & made-ups, exporters of garment & made- up will get ample relieve and
2017-08-01 10:00:00
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 is likely to consider lowering of tax rates for job works for making garments
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