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excise+duty
2017-06-07 10:00:00
Varied GST rates for knitwear production chain to create complexities
With the different Good and Services Tax (GST) scales fixed for various processes in the knitwear production chain is going to have ramifications considering that the production chain in Tirupur
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
2017-06-01 12:00:00
PSF recycling units seek concessional rate under GST
The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers mostly small and medium-scale in the country, have sought
2017-06-01 10:00:00
Surti sari to get costlier if higher GST
Indian man-made fabric (MMF) manufactured in Surat, it is estimated that around 40 percent of the production of saris and dress material is done targeting mainly the poor and lower middle class
2017-04-26 17:00:00
India exempts CVD on import of jute goods from Nepal
India has withdrawn the countervailing duty (CVD) imposed on import of jute products from Nepal. The anti-dumping duty, however, continues. A Gazette notification on April 20, said that Nepal is
2017-01-07 14:00:00
Nepali jute products export to India halted completely since three weeks
Indian government had released a notification to levy excise duty on jute products from Nepal, Sri Lanka and the Maldives in 2015, it only started enforcing the notification from December 15 last
2016-12-30 14:00:00
Indian jute industry cringes
A major exporter of jute to Europe, the country has now shrunk to producing only 17,000 tonnes of jute. The jute industry has been dropped from the government’s priority list even though
2016-09-12 15:00:00
Ministry of textiles to notify rebate of State Levies on export of garments
The ministry of textiles has notified first of its kind scheme with unique features for Rebate of State Levies on Export of Garments (ROSL) which will apply with ‘Let Export Order’. The
2016-09-07 15:00:00
Govt on the verge of implementing GST of 12% for textile industry
The government has so far incentivized the textile industry that has been one of the largest contributors to the country’s exports and provider of jobs to million. The latest being the
2016-07-11 15:30:00
India imposes import restrictive tax on PTA for 5 years
The Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), has imposed import restrictive tax on chemicals (Purified Terephthalic Acid) used in
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