• Linkdin

Levy zero-excise duty on viscose & MMF - AMFII

09 Mar '12
2 min read

Reduce excise duty on viscose fibre/filament and other manmade fibres (MMF) to nil, a practice followed by other major textile countries, said the Association of Manmade Fibre Industry of India (AMFII).

This and other demands like retaining Special Additional Duty (SAD) in lieu of Sales Tax were made to the Finance Ministry as part of the budgetary recommendations.

In defence of its suggestion to levy zero excise duty on viscose fibre/filament, AMFII says, “It is a cellulosic fibre of natural origin, with properties at par with cotton. However, viscose and other made manmade fibres in our country attract an excise duty of 10.3% whereas for the other natural fibers like cotton, it is nil”.

It adds, “Manmade as well as natural fibres attract similar excise duty in other key cotton producing countries like China and Pakistan. So reduce duty on manmade fibres and viscose also to nil”.

This would result in promoting a Fibre Neutral Policy, a mission set in the National Fibre Policy by the Textile Ministry, and help in improving bringing the Indian fibre basket balance in line with global trends.

AMFII has also recommended retaining Special Additional Duty (SAD) in lieu of Sales Tax for providing a level playing ground and maintaining competitiveness for the domestic textile industry in the home market.

Click here to view excise duty structure in other countries.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search