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CM assures traders of 'made ups' tax revision

13
Sep '06
Readymade garments and textile traders may finally have their way with Chief Minister Y S Rajasekhara Reddy as the minister assured that he would look into the request for reduction of tax on 'made ups'.

As per Government regulation, a tax of 12.5 percent is levied on textile and readymade garments in the name of 'made up'. Rajahmundry Chamber of Commerce had requested the Government to abolish this regulation.

Reddy will take a final decision after assessing the likely monetary impact it will have on state economy.


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