Policy News India Archives | Apparel Resources
Home » Tag » Policy News India

# Policy News India

GST: Indian Govt. Rules Out Rate Revision for Textile Industry

The Indian Government has ruled out any scope of relaxation on Goods and Services Tax (GST) for the textile industry. Textile traders have been continuously protesting against the imposition of 5 per cent GST on textile/fabric. However, the Centre seems unfazed. Finance Minister Arun Jaitley has reportedly said that if 0 per cent GST on fabrics is considered, then input tax credit chain for the domestic market will get affected and this will subsequently make […]

Share: 

Indian Govt. restores old rates for ROSL scheme

The Government of India has decided to continue ROSL (Rebate of State Levies) scheme at old rates for the next three months (till 30th September 2017). The move comes after the Apparel Export Promotion Council (AEPC)’s request for restoration of the previous rates of ROSL at 3.9 per cent in reaction to the announcement made by the Ministry of Textiles, through a notification issued on 27th June 2017, which had notified the interim ROSL scheme […]

July 14, 2017

Share: 

GST gets mixed response from Indian textile industry

Goods and Services Tax (GST) will become the part of Indian taxation policy from 1st July, 2017. Despite several seminars and knowledge sharing events being organized across the country, the most ambitious indirect tax reform ever attempted in modern India is receiving mixed response from the garment and textile industry. GST is a fresh step towards the unification of all taxes under one roof. With this, the entire tax regime will become an easy procedure. […]

Share: 

India’s EPCH takes measures to ensure smooth GST roll-out

Goods and Services Tax (GST) will be effective from 1st July, 2017 and become one of the biggest taxation reforms in India… In a bid to ensure hassle-free execution of the new tax regime, Export Promotion Council for Handicrafts (EPCH), apex organization of trade and industry for promotion of handicrafts in India, has set up 18 sectoral groups representing various segments of the economy. This was announced in the meeting held recently in Delhi. Rakesh Kumar, […]

Share: 

India imposes anti-dumping duty on sewing machine needles from China

The Union Finance Ministry of India has imposed definitive anti-dumping duty for a period of five years on sewing machine needle import from China. The decision was taken after recommendations from the Designated Authority in Commerce Ministry. The revenue department has imposed an anti-dumping duty of Rs. 1,54,732 per lakh needles. The move has come after ltek Beissel Ltd. filed the petition seeking a sunset review investigation into the imports of sewing machine needles used […]

Share: 

Textile industry clueless on draft of UP Textile Policy ’17

Draft of Textile, Handicrafts and Sericulture Policy 2017 has recently been approved by the Yogi Adityanath-led State Government in Uttar Pradesh, India. The draft is however not available in public domain and the industry in the state is not aware about the move. Apparel Resources approached various stakeholders of the state textile and apparel industry and most of them were not very much aware of the initiative… The draft has proposed establishment of private textile […]

Share: 

Indian knitwear industry likely to get ‘special package’ soon

Indian knitwear industry might get to hear good news in around two months’ time as the Government is likely to announce a package for it. The to-be-announced package is expected to provide a level-playing field to the knitwear industry, which is facing tough competition from countries like China. A number of factors like lower automation and lack of technology upgradation have made Indian knitwear sector a laggard in the global competition. “We met stakeholders on […]

Share: 

India ratifies two ILO conventions on child labour

The Union Cabinet chaired by Prime Minister Narendra Modi gave formal consent to two core conventions of International Labour Organisation (ILO) on child labour, a global commitment to end the worst form of child labour and to ensure minimum basic education for children. The Instruments of Ratification to the ILO was handed over by Union Labour Minister Bandaru Dattatreya. The move has been welcomed by the ILO and termed it as “great progress” against child […]

Share: 

Gorakhpur (India) to get Silk Research Centre

Gorakhpur city in Indian state of Uttar Pradesh is expected to get maiden Silk Research Centre. If becomes reality, it will be helpful for the weaver community of the state. Silk produced in the state makes just 3 per cent of total production at the national level. Currently, it produces around 270 metric tonne. “Our endeavour is to take this to at least 15-20 per cent. Regional Silk Research Centre will be established in Gorakhpur. […]

Share: 

UP (India) Govt. approves draft on textile policy

UP Textile, Handicrafts and Sericulture Policy 2017 has been approved by the Yogi Adityanath-led State Government in Uttar Pradesh, India. He also gave approval for the establishment of private textile parks on expressways and national highway and has directed officials to identify locations on the expressways and national highways, including Lucknow-Kanpur, Kanpur-Allahabad, Chitrakoot-Jhansi-Lalitpur, Varanasi-Allahabad, Delhi-Meerut, Delhi-Moradabad, Bareilly-Moradabad-Bijnore, Meerut-Nazibabad, Gorakhpur-Varanasi and Gorakhpur-Faizabad for the same. “Our aim is to attract FDIs and private investors to boost […]

Share: 

Telangana (India) Govt. allocates Rs. 1,200 crore for textile industry

Rs. 1,200 crore has been allocated by the Telangana (India) Government to the textile sector for FY 2017-18. Of the total budget, Rs. 373 crore is for handlooms and Rs. 827 crore for powerlooms, their modernization and other schemes. This was disclosed by State Information Technology and Industries Minister K. T. Rama Rao. It is pertinent to note that Telangana Government has also initiated the process to formulate textile and apparel policy to facilitate loans […]

Share: 

TEA urges GST Council to cut tax rate on apparel job work

After the reduction of GST rate for textile job work from 18 per cent to 5 per cent, Tirupur Exporters’ Association (TEA) thanked the GST Council for their timely intervention and also urged to include the job work on apparels within the ambit of this rate reduction, because not including the excluded section will have adverse effects on several micro industries in textile clusters like Tirupur, Ludhiana and other regions. Raja M Shanmugham, President, TEA […]

Share: 

CITI urges Govt. to bring made-ups job work under 5% GST slab

Confederation of Indian Textile Industry (CITI) has urged the Government to bring made-ups job work under 5 per cent GST slab. However, CITI Chairman, J. Thulasidharan expressed gratitude towards the Government for reducing service tax on job work and bringing relief to the textile industry from the extra burden as majority of the work of textile manufacturing is with SMEs. Thulasidharan explained that this would now help SMEs of power loom, knitting and processing sectors […]

Share: 

GST: Jharkhand garment traders demand exclusion

Garment traders in Indian state of Jharkhand have called up for a statewide protest against a 5 per cent Goods and Services Tax (GST) on June 15. However, Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) – the largest trade body of the state, has said that it’ll only offer moral support to garment traders as it believes that compliance is a bigger issue for the industry than ‘no’ GST. “Despite the fact that […]

Share: 

SIMA hails GST rate cut on textile job work

M. Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has appreciated the GST Council’s move to slash the service tax on textile job work from 18 per cent to 5 per cent. It may be mentioned here that the textile industry has requested the Indian Government and the GST Council to slash GST on textile job work to 5 per cent as over 80 per cent of the manufacturing activities in the textile value chain […]

Share: 
1 2 3 10