Home / Knowledge / News / Apparel/Garments / CMAI welcomes relief but more could have been done
CMAI welcomes relief but more could have been done
17
Mar '12
Whilst being disappointed at being included in the general increase of excise duty from 10% to 12%, the Clothing Manufacturers Association of India (CMAI) President, Mr Rahul Mehta, appreciates the decision of the Hon'ble Finance Minister to increase the abatement on excise duty on branded garments from 55% to 70%.

This is an acceptance of CMAl's persistent Representation to the Union Government that the marketing cost in our industry is much higher than the abatement in place till now. However, there is a strong case for the garment industry to be placed in the 'Necessity' rate of duty.

After all, we cannot see the logic of mobile handsets, cruise liners, and jewelry being taxed at a lower rate than garments, which are used by the Poorest Section of Society.

If at all, the government could even consider having 2 or 3 slab rate structure as it does in the case of the footwear industry, with garments till the MRP of Rs 799/- being in the Necessity Slab.

CMAI would continue to urge the Union Government to consider me enormous employment potential of the garment industry, especially for Semi Skilled and Un Skilled Workers, and that too for Women, and provide further relief for the industry which is going through a rough patch at this time - especially in the wake of duty free imports from Bangladesh.

Other than the change of ED Rate on garments, there appear to be, a few positives in terms of import duty concession for shuttle less looms and further encouragement to clusters.

Clothing Manufacturers Association of India (CMAI)


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
June 2017

June 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