Home / Knowledge / News / Apparel/Garments / Branded clothing stores shut-shop on March 7
Branded clothing stores shut-shop on March 7
08
Mar '11
Clothing retailers stayed shut across India on March 7, in a response to a shut-down call given by various clothing associations.

Over 10,000 branded clothing retail outlets pulled own their shutters in protest against the 10 percent excise duty proposed on branded apparels in the budget.

Major garment retailers like Pantaloon, Shoppers Stop, Westside, Lilliput, Arvind Brands, Provogue and many more smaller brands participated in the first of its kind store closure call.

The apparel retailers are demanding a roll-back of the proposed excise duty. Experts have put the loss to the retail industry at between Rs 3-4 billion, due to the shut-down.

Clothing with an annual turnover of Rs 15 million and having a registered or labelled garment will be liable to pay the 10 percent mandatory excise duty.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

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...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

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

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:
July 2017

July 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