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Apparel and Textile News

Exporters feels relieved after Gov sanctioned GST refunds

After the hard work, the Central Board of Indirect Taxes and Customs (CBIC) has provided a relief to the exporters during the refund fortnight cum special drive period. In order to liquidate all pending GST, the centre and states have sanctioned in all Rs 17,616 crore -  Rs 9,604 crore (IGST refunds), Rs 5,510 crore (ITC refund by Centre) and Rs 2,502 crore (ITC refund by states). By the end…
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Apparel and Textile News

Fabrics Manufactured in Maharashtra is 40% cheaper than Surat

The textile units in Maharashtra have been given an impetus package to the tune of Rs 4,600 crore and the electricity tariff reduced by Rs 2 per unit. Following this, the powerloom weavers in Surat has asked the State government to introduce such textile promotion scheme in Gujarat as well as it will provide an impetus package, slash electricity tariff and modernize weaving units to raise quality of fabrics. This…
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Apparel and Textile News

Mega Quality Trophy awarded to India ITME Society

With a powerful anthem “Success and Nothing Less”, India ITME Society is excited about receiving an award for quality for the 3rd consecutive year. India ITME team is infused with purpose and determination to do better than yesterday. “Success & great performance is never luck, but is a result of lot of focus and hard work” says Mr. S. Hari Shankar, Chairman of India ITME Society.  He says “It took…
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Apparel and Textile News

E-wallet to solve delaye in Exporters’ GST Refund

Indian commerce and industry minister, Suresh Prabhu recently said that the e-wallet will solve the exporters problems about delays in refund of taxes under the goods and services tax (GST) regime. The GST Council in its meeting earlier this month decided to implement the e-wallet scheme for refunds to exporters by October 1. Under the mechanism, a notional credit would be transferred to exporters' accounts based on past record and…
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Apparel and Textile News

Consistent growth prevails in Indian Handicrafts Export

Indian Handicrafts have seen a consistent growth in exports to the Latin American region over the years. The country recorded a jump of per cent in FY 2016-17. Keeping the growth in mind, the Export Promotion Council for Handicrafts (EPCH) has hosted a three-day Buyer-Seller meet in Lima, Peru from March 15-18, 2018 to promote the Indian Handicrafts export. The meet was supported by the Embassy of India in Lima…
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Apparel and Textile News

BAA selected its First Governing Body through Open Elections

With the support from Leading buying agencies and Export Promotion Council of Handicrafts, The Buying Agents Association (BAA) came into existence which has declared its first governing body. The body formally constituted in 2016 and held its first open elections last week. The association nominated Christine E. Rai as its chairperson, Lokesh Parashar of ADK India LLC, Sumit Chabbra of Creative Concepts and Vishal Dhingra of Speciality Merchandising have been…
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