Home / Knowledge / News / Textiles / Govt approves differential tax rates on textiles import
Govt approves differential tax rates on textiles import
01
Sep '11
A study undertaken by the Ethiopian textile manufacturers in association with concerned Government bodies recommended that finished and semi-finished textile goods should be taxed differently, rather than subjecting all textile imports to a uniform tax rate of 35 percent. It suggested that there should be lower duty imposed on semi-finished goods as compared to that on finished items.

The study even proposed that the 10 percent excise duty levied on textile items imported from other countries should be rolled back.

The findings of the study were laid before the Government with recommendations to rollback the excise duty on textile imports and to subject finished and semi-finished goods to differential tax rates.

Following the study, the association of textile manufacturers as well as the Government arrived at a consensus that it was not proper to subject all textile goods to flat tax rate, as clothes do not constitute luxury items.

Subsequently, the Government granted its approval to the suggestion of taxing finished and semi-finished textile items at differential rates. However, it is still undecided on the exact rate of taxes to which these goods need to be subjected to.

Ethiopia annually imports textile goods and clothes worth around five billon birr.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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