Source Tax Benefit on Export to be implemented from July 1

The Government of Bangladesh has made an announcement of reducing source tax on export earnings further for readymade garment (RMG) and other sectors from 0.6 per cent to 0.25 per cent recently. The National Board of Revenue (NBR) issued a statutory regulatory order amending its last order on the issue and the benefits will be […]

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January 14, 2019
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Apparel and Textile News Apparel Brands and Companies

More Bombay Dyeing Franchise stores to open by 2018

Having 200 franchise stores across India, Bombay Dyeing being one of India’s most endeared brands will set up more than 90 franchise stores in tier II and III cities by 2018. The company sees a growth of 30 to 35 percent in textile and retail segments. We are also arranging to sell our products through […]

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May 8, 2018
3 Comments
220 Views

Apparel and Textile News Ministry of Textiles News

New Textile Policies announced to reincarnate its revenue

The readymade garment sector is the largest contributor to the country’s overall textile exports and employs about 12 million persons now. The Union Textile Commissioner Kavita Gupta revealed that the relief package announced in 2016 boost the garment and made-ups sectors to create around 2.5 lakh new jobs in the country. The provision of 240 […]

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March 19, 2018
1 Comment
201 Views

Apparel and Textile News Trade Info News

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
4 Comments
130 Views

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Tag: readymade garment

Source Tax Benefit on Export to be implemented from July 1

More Bombay Dyeing Franchise stores to open by 2018

New Textile Policies announced to reincarnate its revenue

Rules On Raids For Tax Evasion By CBEC