Home / Knowledge / News / Textiles / Textile sector demands continuation of tax holidays
Textile sector demands continuation of tax holidays
14
Mar '11
In Bangladesh, textile, jute and yarn industries have demanded to continue tax holiday benefits till 2015. In addition to that, they requested to withdraw duty on capital machinery for export-oriented industry and tax reduction on cash subsidy.

In a pre-budget discussion with the National Board of Revenue (NBR), the manufacturers and exporters urged to continue tax holiday benefits after June 2011, so local industries can survive.

They claimed that the textile manufacturers have utilized the tax holiday benefits without any irregularities. Silk industry urged the NBR not to impose any duty on import of raw materials

Textile industry urged the government to increase cash subsidy from 5.0 percent to 15 percent while jute industry made a presentation to double cash subsidy. They also urged to reduce income tax on cash subsidies to make the sector competitive in the international market.

Textile industry showed displeasure over no direction from the government on deduction of income tax on cash subsidies for exporters. Exporters demanded tax benefit for 100 percent export-oriented textile units on import of capital machinery and spare parts. The grey and finished fabrics mills sector supported their demand.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sanjay Yagnik
Maa Tex Speciality

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search