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Increase in Basic Custom Duty would reduce Imports: SIMA

Increasing the basic Customs duty on imported polyester fabrics from 10 per cent to 20 per cent, The Southern India Mills Association (SIMA) today thanked the Union finance and textile ministers and GST council for the announcement. SIMA chairman P Natarajan said, “Since man-made fibre price in India cost 20 to 30 per cent more […]

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October 30, 2017
3 Comments
143 Views

Apparel and Textile News Trade Info News

Revised GST rates appreciated by the Textile Industry

After the latest revision in the goods and services tax (GST) rates announced by the Country’s finance minister Arun Jaitley on Friday, the Indian textile industry is hopeful of growth with revision in the GST rates. The change in GST rate not only will strengthen the entire textile value chain and make textile industry globally […]

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October 10, 2017
14 Comments
197 Views

Apparel and Textile News Trade Info News

New Duty Drawback rates for apparel by Indian Gov.

Due to global economic conditions, rupee overvaluation and uncertainties post by the GST regime, the industry is facing a continuous decline in exports has made the Government of India to announce new duty drawback rates for various export products including textile and garment for the year 2017-18, which will be effective from October one. The […]

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September 25, 2017
6 Comments
175 Views

Apparel and Textile News Trade Info News

Duty Drawbacks on Textile Exports lacks Clarity

The textile industry are unable to book orders due to lack of clarity on the duty drawback rate and Rebate of State Levies (ROSL) on export of garments and made up textile articles, and this could impact India’s textile exports, said P Nataraj, Chairman, the Southern India Mills Association (SIMA). For the textile industry second […]

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September 15, 2017
2 Comments
172 Views

Apparel and Textile News Trade Info News

SIMA elected its new office bearers for 2017-18

A textile trade body, The Southern India Mills’ Association (SIMA) has elected its new office bearers for the year 2017-18 at Hotel Le Meridien, Coimbatore. The association announced this during its 58th Annual General Meeting held on September 9. P Nataraj, Managing Director, K P R Mill Limited, Coimbatore has been unanimously elected as the […]

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September 13, 2017
6 Comments
112 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
178 Views

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Avoid Panic Buying of Cotton – SIMA

The Southern India Mills’ Association (SIMA) has urged the mills to avoid panic buying of cotton as its price is currently ruling around Rs 43,500 to Rs 44,000 resulting in an increase of Rs 5,000 to Rs 6,000. The price was around Rs. 38,000 to Rs. 39,000 per candy of 355 kg during the beginning […]

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March 23, 2017
2 Comments
143 Views

Apparel and Textile News Trade Info News

Withdrawal Of VAT Hike Urged By SIMA

The Southern India Mills Association (SIMA), an apex body of textile mills has appealed to the government, to withdraw the hike in VAT on petrol and diesel to save textile industry from its impact. Association chairman, M. Senthilkumar in a communication to the state’s chief minister, termed the hike as unwarranted considering that the centre […]

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March 7, 2017
1 Comment
126 Views

Subsidy Provided To Weavers Boosts Handloom Sector Stability

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Subsidy Provided To Weavers Boosts Handloom Sector Stability

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Tag: The Southern India Mills Association

Increase in Basic Custom Duty would reduce Imports: SIMA

Revised GST rates appreciated by the Textile Industry

New Duty Drawback rates for apparel by Indian Gov.

Duty Drawbacks on Textile Exports lacks Clarity

SIMA elected its new office bearers for 2017-18

Inverted duty structure for MMF under GST

Avoid Panic Buying of Cotton – SIMA

Withdrawal Of VAT Hike Urged By SIMA