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Rules On Raids For Tax Evasion By CBEC

The revenue department has directed excise officials to visit readymade garment retail outlets or chains only when they have specific inputs regarding duty evasion and that too after the approval of senior officers. The Central Board of Excise and Customs (CBEC) was clarifying on the scope of levy of excise duty on branded readymade garments […]

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June 17, 2016
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Garment Traders On Agitation

Readymade garments traders and textile merchants downed shutters in Vijaywada yesterday, demanding that the centre roll back two per cent excise duty immediately. They held a rally from Lenin Centre to the sub-collector’s office raising slogans and later submitted a memorandum to the sub-collector. Urging the government to withdraw its proposal, they said, “We are […]

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March 18, 2016
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403 Views

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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
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522 Views

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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
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389 Views

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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
443 Views

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CITI Suggests Reduction In Excise Duty On All Manmade Fibre

The textile industry to boost use of synthetic fibre demanded reduction in excise duty on all manmade fibres and filament from the existing 12 per cent to 6 per cent. Reduction in excise duty in manmade fibre will lead to increase in demand. Globally, manmade fibre accounts for 70 per cent of the fibre consumption […]

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February 9, 2015
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Tag: Excise Duty

Rules On Raids For Tax Evasion By CBEC

Garment Traders On Agitation

CMAI For Withdrawal Of Excise Duty On RMG

SIGA Opposes Excise Duty Levy On Garments

KHGA For Abolition Of Excise Duty On The Branded Garments

CITI Suggests Reduction In Excise Duty On All Manmade Fibre