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FM rules out GST cut for textiles sector

The centre has ruled out cutting tax rates for the textiles sector, saying a zero per cent GST on fabrics will break the input tax credit chain for the domestic industry and make imported items cheaper. Amid protests in Gujarat by textile traders who are demanding rollback of 5 per cent GST on fabrics, finance […]

appareltalk
July 19, 2017
1 Comment
536 Views

Apparel and Textile News Ministry of Textiles News

Increase In Corpus Fund To Assist Powerloom Weavers

The powerloom weavers in Pandesara and Ved Road industrial areas in Surat will be now able to procure yarn raw material for the polyester fabric-at concessional rates with the increase in the corpus fund for country’s first yarn banks in the Surat from Rs. 1 crore to Rs. 2 crore and bank guarantee reducing from […]

appareltalk
April 5, 2017
2 Comments
410 Views

Apparel and Textile News Trade Info News

Subdued Demand May Hit Apparel Industry

With sluggish demand from importing countries the growth in apparel export may stay muted for a consecutive year in financial year 2017. According to the Apparel Export Promotion Council estimates, it is likely to close at 17.3 billion US dollar in 2016-17, up by roughly two per cent from 16.9 billion US dollar in the […]

appareltalk
March 30, 2017
2 Comments
536 Views

Apparel and Textile News Trade Info News

Anti-Dumping Duty On Filament Yarn

The centre is likely to impose an anti-dumping duty of up to 3.44 US dollar per kg on import of a particular variety of yarn from four countries – China, South Korea, Taiwan and Vietnam. This followed an investigation conducted by the Directorate General of Antidumping and Allied Duties (DGAD), under the union commerce ministry […]

appareltalk
March 29, 2017
3 Comments
380 Views

GTE 2026: 39th Garment Technology Expo Inaugurated In

Textile Sector Boost: Giriraj Singh Reviews Agra’s Carpet,

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GTE 2026: 39th Garment Technology Expo Inaugurated In Greater Noida, Delhi-NCR

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Tag: Domestic Industry

FM rules out GST cut for textiles sector

Increase In Corpus Fund To Assist Powerloom Weavers

Subdued Demand May Hit Apparel Industry

Anti-Dumping Duty On Filament Yarn