Home / Knowledge / News / Textiles / Hank yarn & jute exempt from railway service tax

Hank yarn & jute exempt from railway service tax

03
Sep '09
No more service tax for the transportation of essential commodities such as food grains, petroleum and petroleum products as these and many such goods have been exempted by the government from service tax payment for transportation through railways and waterways.

The list of exempted commodities includes many other products such as hank yarn made from cotton, raw jute and jute textile, fertilizers and farm inputs, as per the notification issued by the Central Board of Excise and Customs (CBEC).

The central government thought it necessary to exempt the taxable service provided to any person in relation to the transport of goods, through rail, national waterway, inland water and coastal shipping, from payment of service tax.

Previously, there was a 10 percent service tax on the transportation of the goods through ports, railways and inland waterways as well.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Ammza12 | Dreamstime.com

Apparel/Garments | On 3rd Dec 2021

Fashion & apparel companies rethinking on traditional supply chains

Drawing lessons from the resurgence of COVID-19 cases in China and...

Pic: Kheng Guan Toh | Dreamstime.com

Retail | On 3rd Dec 2021

US RILA offers supply chain recommendations to White House

To avert an ongoing cycle of congestion in the longer term, The US...

Pic: American Clothes Retail © Arne9001 | Dreamstime.com

Retail | On 3rd Dec 2021

Nearly 180 mn shop over Thanksgiving holiday weekend in US: NRF

Nearly 180 million Americans shopped during the five-day holiday...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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

Leave your Comments


December 2021

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


Advanced Search