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Biggest market for Saris in India by Only Vimal

Reliance Industries Limited (RIL) textile’s division, Only Vimal has launched the biggest market for saris and dress materials in Surat, India. After re-launching the brand in January this year, it has now been expanded to over 10 catalogues featuring new collections like Sonali, Arunima, Aashriya, Ishita and Sanjoli. While inauguarting the office, Hemant Desai (president […]

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December 19, 2017
6 Comments
508 Views

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Post-GST rates of ROSL to boost Apparel & Textiles sector

Indian Government has notified post-GST rates under Remission of State Levies (RoSL) scheme to support exports of readymade garments, made-ups and under AA-RoSL for garments, Government vide Notification No. 14/26/2010- IT dated 24th November 2017. The Post-GST rates of RoSL are upto a maximum of 1.70 per cent for cotton garments, 1.25 per cent for […]

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November 27, 2017
4 Comments
428 Views

Apparel and Textile News Trade Info News

Lowering of GST rate on job work welcomed

The GST Council’s move to slash the rate on job work like weaving, cutting, knitting and embroidery to 5 per cent from 18 per cent is today welcomed by the Confederation of Indian Textile Industry (CITI). This rate will be applicable for job works in apparel, shawls and carpets. CITI vice chairman Sanjay K Jain […]

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August 8, 2017
2 Comments
459 Views

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
501 Views

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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
425 Views

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‘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
442 Views

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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
494 Views

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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
417 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
423 Views

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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
393 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
395 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
426 Views

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Tag: MMF

Biggest market for Saris in India by Only Vimal

Post-GST rates of ROSL to boost Apparel & Textiles sector

Lowering of GST rate on job work welcomed

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