Apparel and Textile News Trade Info News

RS Clears GST Statute Bill

With the Rajya Sabha yesterday voting to approve the constitutional amendment that will help usher in the Goods and Services Tax (GST), the country took a big step towards a comprehensive tax change and single biggest reform initiative. The government estimates that GST will radically transform the $2 trillion economy and help boost GDP by […]

appareltalk
August 4, 2016
4 Comments
344 Views

Apparel and Textile News Trade Info News

Rs 6K-Cr Package Announced for Textile Sector

The Union Cabinet has cleared a Rs 6,000 crore special package for the apparel and textile sector with an aim to deal with the rising competition from China’s textile and apparel industry. The move, according to the government, would create 10 million new jobs in the next three years, attract investments of 11 billion US […]

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June 22, 2016
3 Comments
318 Views

Apparel and Textile News Events and Exhibitions News Trade Info News

CMAI For Withdrawal Of Excise Duty On RMG

The Clothing Manufacturers Association of India (CMAI) has urged the government to withdraw the budget proposal to levy excise duty on branded readymade garments and continue with the optional duty regime. Finance minister Arun Jaitley had proposed two per cent excise duty on branded readymade garments and made-up articles of textiles of retail sale price […]

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March 10, 2016
2 Comments
497 Views

Apparel and Textile News Trade Info News

SIGA Opposes Excise Duty Levy On Garments

South India Garment Association (SIGA) has strongly opposed to the proposal of two per cent excise duty on branded garments in the union budget and said small and medium garment brands will be affected adversely and the cost of the products will increase by seven to eight per cent RSP. The Association in a letter […]

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March 7, 2016
5 Comments
360 Views

Apparel and Textile News Trade Info News

Fabrics Under Custom Duty Free Status Demanded

Tirupur Exporters Association (TEA) president, A Shakthivel has appealed to the union finance minister, Arun Jaitley to include some more specialty fabrics under custom duty free status for the growth of readymade garments. Those fabrics are widely used by Tirupur knitwear garments exporters, as the export of synthetic garment is having a lot of potential […]

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March 4, 2016
3 Comments
367 Views

Apparel and Textile News Trade Info News

Apparel Sector On Budget Proposals

The apparel sector is pleased with the overall budget proposals which have seen positive response from the industrial sector. Finance minister Arun Jaitley has allocated 3,350 crores for the textile industry. Apparel sector’s long requisition was also addressed in this year’s budget, with a reduction on basic customs duty made from a total of 5 […]

appareladmin
March 3, 2016
7 Comments
347 Views

Apparel and Textile News Ministry of Textiles News Trade Info News

KHGA For Abolition Of Excise Duty On The Branded Garments

Karnataka Hosiery and Garment Association (KHGA) has urged the union finance minister, Arun Jaitley to reconsider the proposals in the union budget for imposition of two per cent excise duty on branded products with MRP of Rs.1000 and above. In a letter to Jaitley, chairman taxation committee of the Association, Sajjan Raj Mehta said textile […]

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March 2, 2016
3 Comments
421 Views

Apparel and Textile News Trade Info News

TEA Welcomes Union Budget 2016-17

Tirupur Exporters’ Association (TEA) president, A. Sakthivel has welcomed the Union Budget presented by the finance minister, Arun Jaitley in Parliament yesterday and said it has addressed the requisitions made by the Association. While complimenting the Budget as positive one, Sakthivel said the focus of infrastructure and initiatives for “Ease of Doing Business” will go a long way in […]

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March 1, 2016
1 Comment
331 Views

Tirupur Exporters’ Association (TEA) president, A. Sakthivel has said the Service Tax refund for export of Knitwear garments has been increased from 0.18 per cent to 0.21 per cent with effect from February three and is claimed as a percentage of the declared Free On Board (FOB) value of the said goods, on the basis of rates specified in the schedule. Sakthivel said he has sent a thanks letter to finance minister, Arun Jaitley for the enhancement of service tax return and noted that this positive measure will also help increase the competitiveness of knitwear garment exports.

Apparel and Textile News Trade Info News

TEA Thanks FM For Enhancing Service Tax Refund

Tirupur Exporters’ Association (TEA) president, A. Sakthivel has said the Service Tax refund for export of Knitwear garments has been increased from 0.18 per cent to 0.21 per cent with effect from February three and is claimed as a percentage of the declared Free On Board (FOB) value of the said goods, on the basis […]

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February 8, 2016
2 Comments
301 Views

Apparel and Textile News Trade Info News

India Has Potential To Grow Faster Jaitley

Union finance minister Arun Jaitley has said that India continues to be one of the fastest growing economies in the world, but there is still potential to grow at a much faster pace, according to an official press release. Ahead of the union Budget, Jaitley’s comments came during the opening remarks at the first meeting […]

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February 8, 2016
1 Comment
320 Views

Apparel and Textile News

Karnataka For Rs 2.5 Lakh Cr. Investment In Global Meet

The Karnataka government is looking to attract twice the Rs 1.30 lakh crore investment it has wooed in the last two years at the upcoming global investors meet which will begin tomorrow. Chief minister, Siddaramaiah said with a thriving eco-system for investment the state’s expectations were “realistic”. Several mega investment projects would be announced at […]

appareltalk
February 2, 2016
1 Comment
345 Views

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Manufacturing Units Can Sell Products Through E-Commerce

Manufacturing units set up through foreign direct investment (FDI) can sell their products through retail including e-commerce platforms without any additional approval. This clarification was given by commerce and industry minister Nirmala Sitharaman in a written reply in Rajya Sabha, the upper house of Parliament. Mentioning the steps taken for effective expansion and foreign investment […]

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August 5, 2015
0 Comments
352 Views

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Tag: Arun Jaitley

RS Clears GST Statute Bill

Rs 6K-Cr Package Announced for Textile Sector

CMAI For Withdrawal Of Excise Duty On RMG

SIGA Opposes Excise Duty Levy On Garments

Fabrics Under Custom Duty Free Status Demanded

Apparel Sector On Budget Proposals

KHGA For Abolition Of Excise Duty On The Branded Garments

TEA Welcomes Union Budget 2016-17

TEA Thanks FM For Enhancing Service Tax Refund

India Has Potential To Grow Faster Jaitley

Karnataka For Rs 2.5 Lakh Cr. Investment In Global Meet

Manufacturing Units Can Sell Products Through E-Commerce