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2017-06-13 10:00:00
New textile policy likely to be finalised in next three months
The new textile policy which is likely to be finalised in the next three months, aims to achieve $300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional
2017-06-05 13:00:00
Khadi yarn, Gandhi topi, national flag exempted from GST tax regime
All categories of fabric, except khadi yarn, Gandhi topi, India's national flag will not attract any tax under the Goods and Services Tax (GST) regime. The tax department has also put up on its
2017-06-05 10:00:00
Textile industry buckled up to face the brunt of GST
The Goods and Services Tax seems all set for its July 1 rollout, with finance minister Arun Jaitley confident of keeping this launch date despite doubts by the lone dissenter, West Bengal's chief
2017-06-01 15:50:00
Recycled PSF producers seek continuation of tax advantage vis-à-vis virgin PSF in GST regime
The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers in India, has requested the Union Finance Ministry to maintain the
2017-05-31 11:00:00
BGMEA urge withdrawal of tax at source on RMG products
Bangaldesh Finance Minister AMA Muhith had proposed 1.5 percent tax at source on all products, including RMG, for 2016-17 fiscal year, but later cut it to 0.7 percent following demand by
2017-04-19 10:00:00
Textiles Indian 2017 first ever Global B2B event to take place in June
The Ministry of Textiles on 18th April presented a curtain raiser to ‘Textiles India 2017’ positioned as the first ever global B2B Textile and handicrafts event in India, at the Crafts
2017-04-17 16:00:00
SC weavers to get 100 pc subsidy for construction of work shed
The government is making special efforts for the welfare of about 20 lakh SC citizens working in handicraft, handloom and sericulture sector and has decided to provide 100% subsidy to SC weavers for
2017-04-15 12:00:00
Pakistan textile industry urge PM to release funds
The textile industry has urged Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar to release funds for disbursement of duty drawback to exporters against realisation of export proceeds,
2017-03-17 11:00:00
Big relief for textile traders as sari out of excise duty ambit
The Central Board of Excise and Customs (CBEC) have taken decision to keep 'sari' out of the ambit of made-ups, which attract 2 percent excise duty on retail price above Rs1,000. This decision brings
2017-02-09 11:00:00
Irani to discuss issues faced by silk sector
The Central Silk Board has organzied a meeting on Friday and will deliberate on the present status, plans, programmes and challenges ahead in the silk sector, and inter-ministerial issues, in order
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