Speaking to fibre2fashion, secretary of Madhya Pradesh Textile Mills Association (MPTMA), Mr. MC Rawat said, “We have urged for reduction of Value Added Tax (VAT) on all kinds of fibres from the existing 5 percent to 2 percent since all the neighboring states, including Maharashtra, have reduced VAT to 2 percent.”
“We have also demanded for the removal of entry tax on man-made fibres and finished products because it is increasing the cost of production of textiles and garments manufactured in Madhya Pradesh,” he informs.
He further says, “We have urged the state government for exemption of mandi tax on cotton, which is currently being levied at the rate of 1 percent and will end in November 2013.”
“While textile industries located in states like Gujarat and Rajasthan are not paying any mandi tax, Maharashtra textile units are paying only 0.6 percent as mandi tax,” he adds.
Fibre2fashion News Desk - India
Apparel/Garments | On 26th Oct 2016
SGS, a leading inspection, auditing, certification, testing, and...
Textiles | On 26th Oct 2016
Senator Sheldon Whitehouse and the University of Rhode Island...
‘As a brand, Puma is always looking for new and innovative ways to inspire ...
‘Portugal is taking away a major share of the mill made sector.’
‘In future, clothing boundary lines will become increasingly blurred.’
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
About one in every 20 patients picks up an infection while hospitalised....
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Textiles | On 25th Oct 2016