Home / Knowledge / News / Textiles / FIEO efforts bring exemption of Handmade Carpets from VAT in UP
FIEO efforts bring exemption of Handmade Carpets from VAT in UP
May '08
Handmade carpets, wood products/carvings, wax have been exempted from VAT and the finished leather will not be subject to entry tax, announced Shri Govindan Nair, Principal Secretary (Commercial Tax) Govt of Uttar Pradesh in an Interactive Session on VAT organized by FIEO (Northern Region) in association with U.P Export Promotion Bureau on May 14, 2008 at Lucknow.

Shri Nair mentioned that notification in this regard will be issued shortly. He also clarified that Form H is applicable in the state of U.P and export goods are exempted on submission of the same.

Dr R.K.Dhawan, Chairman, FIEO (Northern Region) said that the above exemption will bring relief to the labour intensive sector which has been badly hit due to appreciating rupee.

He also mentioned that the exemption of Kora maal from VAT which will now be classified under schedule 1 as was announced by the Principal Secretary will provide great relief to the manufacturer and exporters of brassware who were working under very thin margins.

He added that the assurance of the govt to rationalize tax rates in accordance with the H.S.Classification will bring more transparency in the system.

Earlier Dr Dhawan in his welcome address mentioned that the issue of VAT will remain a major cause of concern for the exporters and suggested having a committee who could study the existing process and come out with an effective system to exempt the exporters from paying VAT as it leads to huge amount of blockage of funds which have become very important particularly in the current slowdown in global economy.

Dr Dhawan also mentioned that with VAT in place, the assessing officers/Inspectors have been freely authorized to visit any business establishment including industrial unit leading to increase in harassment and corruption for the exporters and suggested that the exporters should be totally exempt from such arbitrary visits by the government officials.

Must ReadView All

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Interviews View All

Abhishek Ganguly
Puma India

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

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

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

Mike Hoffman
Gildan Activewear SRL

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search