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Apparel and Textile News Trade Info News

Neutral GST rates for most textile segments

The impact of the Goods and Services Tax (GST) is likely to be neutral to positive across segments in the textile industry compared to the current tax regime, Information and Credit Rating Agency (ICRA) in a report said. As per the rating agency’s estimates, the effective tax incidence on cotton and man-made fibre (MMF) or […]

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June 21, 2017
1 Comment
424 Views

Apparel and Textile News Trade Info News

SIMA Seeks PM’s Help For Job Work Issues

The GST Council’s decision of considering any rate revision only after three months would paralyse the decentralized garment/madeup segments that predominantly function with the jobwork, The Southern India Mills’ Association (SIMA) said. “Garment/madeup sector, the largest employment provider in the entire textile value chain was hoping that the GST Council would include jobwork relating to […]

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June 20, 2017
1 Comment
362 Views

Apparel and Textile News Trade Info News

‘Positive’ about GST rate in Textile industry

The GST rate of five per cent on the textile sector has seen a lot of ‘positive response’ from the industry. Whether cotton, jute or silk, “we said that the textile sector should have a five per cent GST,” A Madhukumar Reddy, Joint Secretary, ministry of textiles, told Newsmen. The same rate applied to the […]

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June 8, 2017
1 Comment
375 Views

Apparel and Textile News Trade Info News

Inverted duty structure for MMF under GST

Man-made fiber and synthetic yarn would have inverted duty structure problem as they would be levied Goods and Services Tax (GST) at 18 per cent, while man-made and synthetic fabric would attract only 5 per cent GST rate. Keeping the rates of key inputs at a higher level will affect the competitiveness of small and […]

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June 5, 2017
1 Comment
409 Views

Apparel and Textile News Trade Info News

Higher GST will cost Surti Sari more

Indian man-made fabric (MMF) manufactured in Surat, which made saris and dress material is targeting mainly the poor and lower middle class consumers supplied its products throughout the country. If the central government implements 12 percent GST on fabrics made of MMF and 18 percent on branded textiles, the cheapest sari sold at Rs 200 […]

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June 1, 2017
4 Comments
358 Views

Apparel and Textile News Trade Info News

Duty Rates Of Cotton And MMF To Be Erased

The man-made textile segment long neglected by policy makers, finally expects a “level-playing field” vis-a-vis cotton textiles as the country braces for a goods and services tax (GST) regime. Although the actual GST rate applicable to textile and garment products will be announced in due course, senior textile industry executives said that the current disparity […]

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August 4, 2016
1 Comment
361 Views

Apparel and Textile News Trade Info News

SGCCI Seeks Subsidy under A-TUFS

Powerloom weavers affiliated to the Southern Gujarat Chamber of Commerce and Industry (SGCCI) have submitted a memorandum to textile commissioner Kavita Gupta demanding restoration of 30 per cent subsidy in the Amended Technology Upgradation Fund Scheme (A-TUFS) to ensure that the Make in India initiative is a success. Powerloom weavers in the country’s largest man-made […]

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July 27, 2016
1 Comment
321 Views

Apparel and Textile News Events and Exhibitions News

Global Buyers-Sellers Meet On MMF In Surat

Source India-2016, a global buyers-sellers meet for man-made fabric (MMF) will be held at Surat International Exhibition and Convention Centre (SIECC) in Surat from August 13. Organised by Synthetic & Rayon Textiles Export Promotion Council ( SRTEPC ), the two-day event aims at achieving the target of 9 billion US dollar worth of MMF export […]

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June 13, 2016
21 Comments
332 Views

Apparel and Textile News Trade Info News

Anti-Dumping Duty On Chinese Fabrics Demanded

The Federation of Surat Textile Traders Association (FOSTTA) has urged the ministry of textiles to enforce anti-dumping duty on the fabrics imported from China and other countries to save the domestic man-made fabric (MMF) sector in the country. In a letter to textile minister, Santosh Kumar Gangwar, FOSTTA members said that almost 50 per cent […]

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May 18, 2016
6 Comments
374 Views

Apparel and Textile News Trade Info News

Textile Industry Demands Incentives In Budget

The textile industry has pitched for incentives such as halving excise duty on man-made fibre and filament and changes in labour laws in the budget for next financial year. It has demanded better access to major markets like the US and EU via trade pacts to help realise its untapped potential. The sector, which is […]

appareltalk
February 25, 2016
2 Comments
335 Views

Apparel and Textile News Trade Info News

Surat Textile Trade Hit By Jat Agitation

The ongoing Jat agitation in Haryana has hard hit Surat’s polyester fabric trade, the country’s largest man-made fabric (MMF) hub as over 300 trucks, loaded with textile fabrics that had set journey towards Delhi, Haryana and Punjab have been asked to return following widespread incidents of violence and arson on the Haryana-Delhi and Haryana-Amritsar highway. […]

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February 22, 2016
3 Comments
359 Views

Apparel and Textile News Trade Info News

Rationalisation Of Duty Structure Sought By MMF

As the countdown for the Union Budget begins, synthetic fibre manufacturers have sought rationalization of duty structure on manmade fibre (MMF) claiming that the move could propel the textile industry towards a higher growth rate. As many as 320 members of the Indian Texpreneurs Federation (ITF) have in individual letters to Prime Minister, Narendra Modi, […]

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January 13, 2016
2 Comments
290 Views

IPDS Boosts Green Textile Infrastructure In India

Green Textiles Gain Momentum With Credit Score And

MSME Competitiveness Boosted By Government Initiatives

MSME Ministry Hosts First National Workshop On ODR

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IPDS Boosts Green Textile Infrastructure In India

Green Textiles Gain Momentum With Credit Score And Green Fund

MSME Competitiveness Boosted By Government Initiatives

MSME Ministry Hosts First National Workshop On ODR Portal

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Tag: MMF

Neutral GST rates for most textile segments

SIMA Seeks PM’s Help For Job Work Issues

‘Positive’ about GST rate in Textile industry

Inverted duty structure for MMF under GST

Higher GST will cost Surti Sari more

Duty Rates Of Cotton And MMF To Be Erased

SGCCI Seeks Subsidy under A-TUFS

Global Buyers-Sellers Meet On MMF In Surat

Anti-Dumping Duty On Chinese Fabrics Demanded

Textile Industry Demands Incentives In Budget

Surat Textile Trade Hit By Jat Agitation

Rationalisation Of Duty Structure Sought By MMF