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Tag: Wazir Advisors

Apparel and Textile News Trade Info News

MMF prices to be increased for GST

The textiles industry faces a unique issue in the presence of a differential duty structure both in different fibre value chains and within specific value chains too. This situation was prevalent in the earlier tax regime and is still relevant for the new GST regime. The result of such a structure is the accumulation of […]

appareltalk
July 27, 2017
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Apparel and Textile News Trade Info News

SITP Post Violation of Norms Being Reviewed

The textile ministry is reviewing the Scheme for Integrated Textile Parks (SITP) after a report found that it failed to achieve its objectives and special purpose vehicles of the parks violated norms as non-textiles units were operating from inside the parks. Also there are many loopholes in the scheme which needs to be rectified, according […]