Home / Knowledge / News / Apparel/Garments / CMAI for roll back of excise duty on RMG
CMAI for roll back of excise duty on RMG
10
Mar '16
The Clothing Manufacturers Association of India (CMAI) has reiterated its opposition to the Budget proposal to levy excise duty on branded readymade garments.

It has urged the government to roll back the proposed excise duty and instead, continue with the optional duty regime.

In his Budget speech, Finance Minister Arun Jaitley had proposed 2 per cent excise duty on branded readymade garments and made-up articles of textiles of retail sale price of Rs 1,000 and above.

"The Finance Minister should withdraw excise duty on branded readymade garments and continue with the optional duty regime that applies currently, until GST is introduced.

"Once GST is introduced, the whole value chain will be covered by duty and traceability as well as compliance will improve tremendously and implementation problems will also ease considerably," CMAI President Rahul Mehta said at a seminar in Mumbai on Tuesday.

Mehta further said that the "task of collecting excise duty from the highly dispersed and mostly tiny units in the garment sector would be a formidable one for the government".

The introduction of the Rs 1,000 cut-off price point for the applicability of excise duty will further complicate the process, he said.

Mehta had earlier described the proposed excise duty as 'disastrous' given that the textile industry was passing through a rough phase. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search