Home / Knowledge / News / Apparel/Garments / Next Budget may see excise duty rollback on branded apparels
Next Budget may see excise duty rollback on branded apparels
Jul '11
The Government may rollback the 10 percent excise duty imposed on branded apparels in the next year's Budget, Textiles Secretary Rita Menon has said.

She said that by July-end, the Ministry of Textiles would forward a letter to the Finance Ministry seeking duty rollback.

Ms. Menon stated that following the imposition of the duty there has been a decline in the local retail orders for garments for impending Diwali season. According to her, the duty is a 'little unkind' to the country's retail garment industry, which is already facing severe competition from other nations.

She stated that the Textiles Ministry has carried out discussions with leading garment retailers like Shoppers Stop and Pantaloons to assess the impact of the imposed duty on demand for branded apparels in the country during the approaching Diwali season. She, however, did not disclose anything further about this assessment.

Finance Minister Pranab Mukherjee in his Budget speech made an announcement regarding a 10 percent excise levy on branded apparels. However, in view of the extensive agitation, the industry was offered a 50 percent subsidisation in the duty, which means, the duty is being levied on only half the cost of the product.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search