Home / Knowledge / News / Apparel/Garments / Minister voices concern of Punjab hosiery sector
Minister voices concern of Punjab hosiery sector
01
Feb '13
Aiming to voice the concerns of the hosiery sector regarding levy of excise duty on branded garments, Information and Broadcasting Minister Manish Tewari headed a delegation of knitwear producers and met Finance Minister P Chidambaram.
 
Briefing media after the meeting, Mr. Tewari said they approached the Finance Minister to voice their concerns as the hosiery sector, which enjoyed exemption from central excise from 2004 to 2011, has now been subjected to the levy since 2012. 
 
This has increased the liability of the sector, and as Budget is nearing, they felt it necessary to raise the issue before the Finance Minister, expecting that the latter would lend a considerate ear to their issues, he added.
 
Narinder Miglani, who also met Mr. Chidambaram along with Mr. Tewari, said given the low-cost imports from China and Bangladesh, the levy of excise duty as per prevailing rules is proving detrimental for the sector.
 
He said as per the policy all clothes bearing labels are considered to be branded clothes and hence eligible for levy of the duty. But this then even includes those items produced to cater to poorer sections of the society.
 
Mr. Tewari, who also represents Ludhiana in Lok Sabha said the issue is more crucial especially for hosiery manufacturing hub of Ludhiana.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search