Home / Knowledge / News / Apparel/Garments / Garment prices likely to rise with new tax system
Garment prices likely to rise with new tax system
20
Jul '10
Apparel importers and owners of garment shops said that, the new government decision to push imports to a new tax system will result in increment of prices and worsen the already slow-paced market.

Last week the customs department started implementing this decision by levying a JD 1 tariff per kilogram of imported apparels or 5 percent of the value of the garments, whichever is higher.

As per a senior member of the Clothes Traders Association, earlier, customs personnel used to evaluate the value of imported products and then levied a 20 percent tax. But under the new system, the JD1 tariff each kilogram will always be on a higher side.

Under the new system, customs fees will be raised on imported apparels and this will ultimately result in a rise in prices for the end-users.

The Jordan Customs Department (JCD), Director General, Ghaleb Sarayreh, has been approached by members of the association in order to persuade him to postpone the implementation of the decision until the year-end.

The apparel market is already suffering from a drastic slowdown, and therefore, if the customs department opts for the weight formula for charging customs fees, then the price of each container will increase in the range of JD 4,000 – 5,000. Implementation of the new decision might just worsen things. The trader's demands will be sent across to the Cabinet for further discussions.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

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

Igor Chapurin
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 ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search