Home / Knowledge / News / Apparel/Garments / Remove duty on garments: Knitwear Club to Indian govt
Remove duty on garments: Knitwear Club to Indian govt
Feb '12
In its pre-budget recommendations submitted to the Ministry of Finance (MoF), the Ludhiana-based Knitwear Club has urged the Indian Government to rollback the excise duty imposed on readymade branded garments through Budget 2011-12.

Speaking to fibre2fashion, Mr. Vinod K Thapar, President of Knitwear Club, said, “The excise duty on garments is 10 percent, which is very high. Also, every month we have to deposit that amount in advance which turns out to be a big amount, while our payment realization begins after 60 days. So, our major investment gets blocked in the form of excise duty.”

“We have demanded that the excise duty should not be there at all,” he avers. After a pause, he adds, “Ludhiana's knitwear industry has been badly affected by this duty and it is now fighting for survival. At this juncture, growth looks like a distant dream and our industry will get destroyed if the excise duty is continued.”

Giving his opinion about the chances of rollback of excise duty, the Knitwear Club President says, “We have presented our memoranda to the MoF. We have forwarded the application through our local MP Mr. Manish Tiwari, who has taken up the matter with the MoF. We are hopeful that the excise duty would be removed from 1st April 2012. Even if the Government does not completely rollback the duty, it might, at least, reduce it to one percent.”

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Suresh Patel
Sidwin Fabric

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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