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Handloom garments exempted from VAT

13
Nov '06
Families of deceased weavers will get ex gratia equal to that of farmers who ended their lives due to mounting debts. Rs50 crores will be allocated to APCO for reducing its losses.

Andhra Pradesh (AP) Government put an end to Value Added Tax (VAT) on handloom garments, in accordance with recommendation by a committee of experts, brought a major relief for handloom weavers.

The families of all weavers who committed suicide since April 1, 1997, would be eligible for ex gratia but have to produce copies of the First Information Report (FIR) registered with the police and the post-mortem report to claim compensation.

For recovery of handloom industry a sum of Rs100 crores would be spent on setting up apparel and textile parks across the State.


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